Barclays PLC Acquires Shares of 20,450 Bitdeer Technologies Group (NASDAQ:BTDR)

Barclays PLC purchased a new stake in shares of Bitdeer Technologies Group (NASDAQ:BTDR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,450 shares of the company’s stock, valued at approximately $161,000.

Other large investors also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new position in Bitdeer Technologies Group during the third quarter worth about $66,000. Y Intercept Hong Kong Ltd boosted its position in shares of Bitdeer Technologies Group by 96.8% during the third quarter. Y Intercept Hong Kong Ltd now owns 44,328 shares of the company’s stock worth $347,000 after buying an additional 21,798 shares during the period. State Street Corp acquired a new position in Bitdeer Technologies Group during the 3rd quarter worth approximately $1,510,000. Quadrature Capital Ltd acquired a new position in Bitdeer Technologies Group during the third quarter worth $285,000. Finally, Centiva Capital LP bought a new position in shares of Bitdeer Technologies Group in the 3rd quarter valued at about $91,000. 22.25% of the stock is currently owned by institutional investors and hedge funds.

Bitdeer Technologies Group Stock Performance

Shares of NASDAQ BTDR opened at $19.70 on Wednesday. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of -37.88 and a beta of 2.09. Bitdeer Technologies Group has a fifty-two week low of $5.23 and a fifty-two week high of $26.99. The firm’s 50-day simple moving average is $16.02 and its 200 day simple moving average is $10.99.

Analysts Set New Price Targets

Several research firms recently weighed in on BTDR. Northland Securities raised their target price on shares of Bitdeer Technologies Group from $14.00 to $20.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. B. Riley upped their target price on Bitdeer Technologies Group from $15.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Roth Mkm raised their price target on shares of Bitdeer Technologies Group from $15.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Rosenblatt Securities raised 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. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $13.00 target price on shares of Bitdeer Technologies Group in a report on Thursday, October 3rd. Ten equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Bitdeer Technologies Group currently has an average rating of “Buy” and a consensus price target 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.