State Street Corp Has $19.65 Million Stock Holdings in Bit Digital, Inc. (NASDAQ:BTBT)

State Street Corp raised its position in Bit Digital, Inc. (NASDAQ:BTBT) by 1.7% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 5,597,517 shares of the company’s stock after buying an additional 94,762 shares during the period. State Street Corp owned about 6.79% of Bit Digital worth $19,647,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in BTBT. Crescent Grove Advisors LLC bought a new position in Bit Digital in the third quarter valued at about $35,000. Creative Planning acquired a new position in Bit Digital during the 3rd quarter valued at about $37,000. Thoroughbred Financial Services LLC bought a new position in shares of Bit Digital in the 2nd quarter valued at about $38,000. Stifel Financial Corp acquired a new stake in shares of Bit Digital during the 3rd quarter worth approximately $38,000. Finally, Victory Capital Management Inc. raised its stake in shares of Bit Digital by 39.3% during the second quarter. Victory Capital Management Inc. now owns 15,522 shares of the company’s stock worth $49,000 after buying an additional 4,380 shares during the last quarter. 47.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. HC Wainwright reaffirmed a “buy” rating and set a $7.00 target price on shares of Bit Digital in a report on Tuesday, November 19th. B. Riley began coverage on Bit Digital in a research note on Thursday, October 24th. They set a “buy” rating and a $6.00 price objective for the company.

Bit Digital Stock Performance

Shares of NASDAQ BTBT opened at $3.18 on Tuesday. Bit Digital, Inc. has a 52-week low of $1.76 and a 52-week high of $5.74. The stock has a market cap of $488.16 million, a P/E ratio of 53.00 and a beta of 4.80. The firm has a 50 day moving average price of $4.17 and a 200 day moving average price of $3.56.

Bit Digital Company Profile

Bit Digital, Inc, together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities; and digital asset staking and digital asset mining businesses, as well as ethereum staking activities. In addition, it provides specialized cloud-infrastructure services for artificial intelligence applications.