Barclays PLC Buys New Shares in Bitdeer Technologies Group (NASDAQ:BTDR)

Barclays PLC bought a new stake in shares of Bitdeer Technologies Group (NASDAQ:BTDR) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 20,450 shares of the company’s stock, valued at approximately $161,000.

A number of other institutional investors also recently modified their holdings of BTDR. Mirabella Financial Services LLP bought a new stake in Bitdeer Technologies Group during the 3rd quarter valued at $5,872,000. Marshall Wace LLP bought a new stake in shares of Bitdeer Technologies Group in the 2nd quarter worth $5,074,000. Point72 Asset Management L.P. bought a new stake in shares of Bitdeer Technologies Group in the 2nd quarter worth $4,617,000. Point72 Hong Kong Ltd bought a new stake in shares of Bitdeer Technologies Group in the 2nd quarter worth $4,510,000. Finally, Millennium Management LLC grew its stake in shares of Bitdeer Technologies Group by 901.0% in the 2nd quarter. Millennium Management LLC now owns 410,359 shares of the company’s stock worth $4,210,000 after acquiring an additional 369,363 shares in the last quarter. Institutional investors and hedge funds own 22.25% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. HC Wainwright increased their price target on shares of Bitdeer Technologies Group from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Cantor Fitzgerald reissued an “overweight” rating and issued a $13.00 price target on shares of Bitdeer Technologies Group in a report on Thursday, October 3rd. Alliance Global Partners initiated coverage on shares of Bitdeer Technologies Group in a report on Tuesday, October 8th. They issued a “buy” rating and a $14.00 price target on the stock. Northland Securities increased their price target on shares of Bitdeer Technologies Group from $20.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Finally, Roth Mkm raised their target price on shares of Bitdeer Technologies Group from $15.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Ten analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $21.00.

Bitdeer Technologies Group Stock Down 5.4 %

Shares of Bitdeer Technologies Group stock opened at $20.54 on Thursday. The stock’s fifty day moving average is $18.21 and its two-hundred day moving average is $11.64. The company has a market capitalization of $2.30 billion, a PE ratio of -39.50 and a beta of 2.09. Bitdeer Technologies Group has a 52 week low of $5.23 and a 52 week high of $26.99.

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.