Symmetry Investments LP Purchases Shares of 42,100 Bitdeer Technologies Group (NASDAQ:BTDR)

Symmetry Investments LP acquired a new position in shares of Bitdeer Technologies Group (NASDAQ:BTDR) 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.

Bitdeer Technologies Group (NASDAQ:BTDR) last issued its earnings results on Monday, August 12th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.06). The company had revenue of $99.23 million during the quarter, compared to analyst estimates of $110.79 million. Bitdeer Technologies Group had a negative net margin of 5.69% and a negative return on equity of 2.56%. As a group, equities analysts predict that Bitdeer Technologies Group will post -0.17 EPS for the current fiscal year.

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.