Charles Schwab Investment Management Inc. Has $1.93 Million Stock Holdings in Bitdeer Technologies Group (NASDAQ:BTDR)

Charles Schwab Investment Management Inc. grew its position in Bitdeer Technologies Group (NASDAQ:BTDR) by 281.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 246,834 shares of the company’s stock after buying an additional 182,110 shares during the period. Charles Schwab Investment Management Inc. owned 0.22% of Bitdeer Technologies Group worth $1,933,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Central Asset Investments & Management Holdings HK Ltd acquired a new stake in Bitdeer Technologies Group in the second quarter worth about $272,000. XTX Topco Ltd bought a new stake in shares of Bitdeer Technologies Group during the second quarter worth approximately $276,000. Symmetry Investments LP acquired a new position in Bitdeer Technologies Group in the second quarter valued at approximately $432,000. Shariaportfolio Inc. bought a new position in Bitdeer Technologies Group in the third quarter valued at approximately $1,039,000. Finally, Thomist Capital Management LP bought a new stake in shares of Bitdeer Technologies Group during the 2nd quarter valued at $1,156,000. Institutional investors own 22.25% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on BTDR. Rosenblatt Securities lifted their price objective on Bitdeer Technologies Group from $17.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Northland Securities boosted their target price on Bitdeer Technologies Group from $14.00 to $20.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Alliance Global Partners assumed coverage on shares of Bitdeer Technologies Group in a research report on Tuesday, October 8th. They issued a “buy” rating and a $14.00 price target on the stock. Roth Mkm boosted their price objective on shares of Bitdeer Technologies Group from $14.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, HC Wainwright upped their target price on shares of Bitdeer Technologies Group from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Ten equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $17.20.

Bitdeer Technologies Group Stock Up 10.6 %

Shares of NASDAQ:BTDR opened at $23.14 on Tuesday. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of -44.50 and a beta of 2.27. Bitdeer Technologies Group has a 12 month low of $5.23 and a 12 month high of $25.51. The company’s fifty day simple moving average is $11.51 and its 200 day simple moving average is $9.43.

Bitdeer Technologies Group Profile

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.