Soros Capital Management LLC Makes New $6.86 Million Investment in Bitdeer Technologies Group (NASDAQ:BTDR)

Soros Capital Management LLC bought a new position in shares of Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 316,700 shares of the company's stock, valued at approximately $6,863,000. Soros Capital Management LLC owned about 0.28% of Bitdeer Technologies Group as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Stonebridge Financial Group LLC acquired a new position in Bitdeer Technologies Group in the fourth quarter worth $65,000. Public Employees Retirement System of Ohio acquired a new position in Bitdeer Technologies Group during the 3rd quarter worth $66,000. SBI Securities Co. Ltd. acquired a new position in shares of Bitdeer Technologies Group during the fourth quarter valued at $79,000. Wells Fargo & Company MN raised its stake in shares of Bitdeer Technologies Group by 56.4% during the fourth quarter. Wells Fargo & Company MN now owns 4,270 shares of the company's stock valued at $93,000 after purchasing an additional 1,540 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in Bitdeer Technologies Group in the 4th quarter valued at about $116,000. Institutional investors and hedge funds own 22.25% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on BTDR. Northland Securities raised their price objective on shares of Bitdeer Technologies Group from $20.00 to $24.00 and gave the company an "outperform" rating in a research note on Friday, January 10th. Keefe, Bruyette & Woods began coverage on Bitdeer Technologies Group in a report on Monday, January 27th. They set an "outperform" rating and a $26.50 price objective on the stock. HC Wainwright reiterated a "buy" rating and issued a $21.00 target price (down from $22.00) on shares of Bitdeer Technologies Group in a report on Wednesday, February 26th. Benchmark dropped their price target on Bitdeer Technologies Group from $29.00 to $24.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Finally, Rosenblatt Securities reduced their price objective on Bitdeer Technologies Group from $25.00 to $12.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Ten equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $19.50.

Bitdeer Technologies Group Trading Up 1.2 %

NASDAQ BTDR traded up $0.13 on Friday, reaching $10.53. The company's stock had a trading volume of 5,226,990 shares, compared to its average volume of 4,513,222. Bitdeer Technologies Group has a 52 week low of $5.25 and a 52 week high of $26.99. The business has a 50-day moving average price of $9.98 and a 200 day moving average price of $13.48. The firm has a market cap of $1.18 billion, a PE ratio of -20.25 and a beta of 2.25.

Bitdeer Technologies Group 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.