Geode Capital Management LLC Raises Stock Holdings in Bitdeer Technologies Group (NASDAQ:BTDR)

Geode Capital Management LLC raised its position in shares of Bitdeer Technologies Group (NASDAQ:BTDR) by 14.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 368,564 shares of the company’s stock after acquiring an additional 46,968 shares during the period. Geode Capital Management LLC owned approximately 0.33% of Bitdeer Technologies Group worth $2,886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new stake in Bitdeer Technologies Group during the 3rd quarter valued at $66,000. Centiva Capital LP purchased a new stake in Bitdeer Technologies Group during the 3rd quarter valued at $91,000. Barclays PLC purchased a new stake in Bitdeer Technologies Group during the 3rd quarter valued at $161,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Bitdeer Technologies Group during the 3rd quarter valued at $169,000. Finally, Y Intercept Hong Kong Ltd raised its holdings in Bitdeer Technologies Group by 96.8% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 44,328 shares of the company’s stock valued at $347,000 after buying an additional 21,798 shares during the period. 22.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Northland Securities increased 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. Roth Mkm increased their target price on Bitdeer Technologies Group from $15.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Needham & Company LLC reiterated a “buy” rating and issued a $14.00 target price on shares of Bitdeer Technologies Group in a research note on Tuesday, November 19th. Alliance Global Partners started coverage on Bitdeer Technologies Group in a research note on Tuesday, October 8th. They issued a “buy” rating and a $14.00 target price on the stock. Finally, Northland Capmk upgraded Bitdeer Technologies Group to a “strong-buy” rating in a research note on Wednesday, October 9th. 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. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $19.80.

Bitdeer Technologies Group Stock Down 15.4 %

Shares of NASDAQ:BTDR opened at $19.70 on Wednesday. Bitdeer Technologies Group has a 52-week low of $5.23 and a 52-week high of $26.99. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of -37.88 and a beta of 2.09. The business has a 50-day moving average price of $16.02 and a 200-day moving average price of $10.99.

Bitdeer Technologies Group Company Profile

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.