Symmetry Investments LP acquired a new position in shares of Bitdeer Technologies Group (NASDAQ:BTDR – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 42,100 shares of the company’s stock, valued at approximately $432,000.
A number of other institutional investors also recently made changes to their positions in BTDR. Central Asset Investments & Management Holdings HK Ltd bought a new stake in shares of Bitdeer Technologies Group in the second quarter valued at about $272,000. XTX Topco Ltd acquired a new position in shares of Bitdeer Technologies Group during the 2nd quarter worth approximately $276,000. Virtu Financial LLC acquired a new position in shares of Bitdeer Technologies Group during the 1st quarter worth approximately $431,000. Thomist Capital Management LP bought a new position in shares of Bitdeer Technologies Group during the second quarter worth approximately $1,156,000. Finally, Vident Advisory LLC raised its position in shares of Bitdeer Technologies Group by 186.4% in the first quarter. Vident Advisory LLC now owns 868,622 shares of the company’s stock valued at $6,098,000 after buying an additional 565,362 shares in the last quarter. Institutional investors own 22.25% of the company’s stock.
Bitdeer Technologies Group Trading Up 4.9 %
BTDR stock opened at $7.13 on Friday. The firm has a 50-day moving average price of $7.81 and a 200-day moving average price of $7.54. Bitdeer Technologies Group has a 12 month low of $2.77 and a 12 month high of $14.27. The stock has a market capitalization of $798.32 million, a P/E ratio of -17.39 and a beta of 1.90.
Analyst Ratings Changes
A number of equities analysts have commented on BTDR shares. HC Wainwright lowered their price objective on Bitdeer Technologies Group from $20.00 to $17.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Needham & Company LLC restated a “buy” rating and issued a $14.00 price target on shares of Bitdeer Technologies Group in a research report on Tuesday, August 13th. B. Riley upped their price objective on shares of Bitdeer Technologies Group from $9.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Roth Mkm reissued a “buy” rating and issued a $14.00 target price on shares of Bitdeer Technologies Group in a report on Monday, July 1st. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $13.00 target price on shares of Bitdeer Technologies Group in a research report on Tuesday, September 3rd. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $14.00.
About Bitdeer Technologies Group
Bitdeer Technologies Group operates as a technology company for blockchain and computing. It offers hash rate sharing solutions, including Cloud hash rate and Hash rate marketplace; and a one-stop mining machine hosting solutions encompassing deployment, maintenance, and management services for efficient cryptocurrency mining; as well as mines cryptocurrencies for its own account.
See Also
- Five stocks we like better than Bitdeer Technologies Group
- The Basics of Support and Resistance
- Take Advantage of Village Farms Stock as Cannabis Market Evolves
- Canada Bond Market Holiday: How to Invest and Trade
- MarketBeat Week in Review – 9/16 – 9/20
- Market Cap Calculator: How to Calculate Market Cap
- Don’t Miss These 3 Retail Stocks for Fall Gains
Receive News & Ratings for Bitdeer Technologies Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bitdeer Technologies Group and related companies with MarketBeat.com's FREE daily email newsletter.