Mirabella Financial Services LLP Purchases Shares of 750,000 Bitdeer Technologies Group (NASDAQ:BTDR)

Mirabella Financial Services LLP bought a new stake in shares of Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 750,000 shares of the company's stock, valued at approximately $5,872,000. Mirabella Financial Services LLP owned 0.67% of Bitdeer Technologies Group at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of BTDR. Central Asset Investments & Management Holdings HK Ltd acquired a new stake in Bitdeer Technologies Group in the second quarter valued at approximately $272,000. XTX Topco Ltd acquired a new position in shares of Bitdeer Technologies Group in the 2nd quarter valued at $276,000. Symmetry Investments LP purchased a new stake in shares of Bitdeer Technologies Group in the second quarter valued at approximately $432,000. Virtu Financial LLC acquired a new stake in Bitdeer Technologies Group in the 1st quarter worth about $431,000. Finally, Thomist Capital Management LP purchased a new position in shares of Bitdeer Technologies Group in the second quarter worth about $1,156,000. Institutional investors own 22.25% of the company's stock.

Analyst Upgrades and Downgrades

BTDR has been the subject of a number of recent analyst reports. Roth Mkm lifted their price target on shares of Bitdeer Technologies Group from $14.00 to $15.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Benchmark reaffirmed a "buy" rating and set a $16.00 price target on shares of Bitdeer Technologies Group in a research report on Tuesday, November 19th. Northland Capmk upgraded Bitdeer Technologies Group to a "strong-buy" rating in a research note on Wednesday, October 9th. HC Wainwright raised their price target on Bitdeer Technologies Group from $17.00 to $18.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $14.00 target price on shares of Bitdeer Technologies Group in a report on Tuesday, November 19th. Ten research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $14.80.

Bitdeer Technologies Group Stock Performance

NASDAQ:BTDR traded up $0.79 during trading hours on Monday, hitting $12.33. 7,711,920 shares of the company's stock traded hands, compared to its average volume of 2,379,790. The stock's fifty day moving average price is $8.44 and its two-hundred day moving average price is $8.19. Bitdeer Technologies Group has a twelve month low of $4.12 and a twelve month high of $14.27. The firm has a market cap of $1.38 billion, a P/E ratio of -23.90 and a beta of 1.92.

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.