UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Invests $220,000 in Bitdeer Technologies Group (NASDAQ:BTDR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Bitdeer Technologies Group (NASDAQ:BTDR) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 28,072 shares of the company’s stock, valued at approximately $220,000.

Other hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in Bitdeer Technologies Group by 281.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 246,834 shares of the company’s stock valued at $1,933,000 after buying an additional 182,110 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Bitdeer Technologies Group by 901.0% in the second 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 during the last quarter. Mirabella Financial Services LLP purchased a new stake in shares of Bitdeer Technologies Group in the third quarter valued at $5,872,000. Point72 Hong Kong Ltd acquired a new stake in shares of Bitdeer Technologies Group during the second quarter valued at $4,510,000. Finally, Shariaportfolio Inc. acquired a new stake in shares of Bitdeer Technologies Group during the 3rd quarter worth about $1,039,000. Hedge funds and other institutional investors own 22.25% of the company’s stock.

Bitdeer Technologies Group Price Performance

Shares of BTDR opened at $20.49 on Friday. Bitdeer Technologies Group has a 12 month low of $5.23 and a 12 month high of $25.51. The stock has a market cap of $2.29 billion, a PE ratio of -39.40 and a beta of 2.27. The stock’s 50-day moving average is $12.53 and its two-hundred day moving average is $9.78.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Northland Securities boosted their price target on Bitdeer Technologies Group from $14.00 to $20.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Northland Capmk upgraded Bitdeer Technologies Group to a “strong-buy” rating in a research note on Wednesday, October 9th. Needham & Company LLC reissued a “buy” rating and issued a $14.00 price target on shares of Bitdeer Technologies Group in a research note on Tuesday, November 19th. Cantor Fitzgerald restated an “overweight” rating and issued a $13.00 price target on shares of Bitdeer Technologies Group in a report on Thursday, October 3rd. Finally, Alliance Global Partners assumed coverage on shares of Bitdeer Technologies Group in a research note on Tuesday, October 8th. They set a “buy” rating and a $14.00 price target on the stock. Ten equities research 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 company presently has a consensus rating of “Buy” and an average target price of $19.80.

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.