Baader Bank Aktiengesellschaft Acquires Shares of 26,130 Bitdeer Technologies Group (NASDAQ:BTDR)

Baader Bank Aktiengesellschaft acquired a new stake in Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 26,130 shares of the company's stock, valued at approximately $566,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mirabella Financial Services LLP acquired a new stake in Bitdeer Technologies Group during the 3rd quarter valued at approximately $5,872,000. Point72 Asset Management L.P. acquired a new stake in Bitdeer Technologies Group during the 2nd quarter valued at approximately $4,617,000. Millennium Management LLC increased its position in Bitdeer Technologies Group by 901.0% during the 2nd quarter. Millennium Management LLC now owns 410,359 shares of the company's stock valued at $4,210,000 after purchasing an additional 369,363 shares during the period. Geode Capital Management LLC increased its position in Bitdeer Technologies Group by 14.6% during the 3rd quarter. Geode Capital Management LLC now owns 368,564 shares of the company's stock valued at $2,886,000 after purchasing an additional 46,968 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position 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 purchasing an additional 182,110 shares during the period. Institutional investors and hedge funds own 22.25% of the company's stock.

Wall Street Analyst Weigh In

BTDR has been the subject of several recent analyst reports. Needham & Company LLC raised their price objective on shares of Bitdeer Technologies Group from $14.00 to $22.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Rosenblatt Securities restated a "buy" rating and set a $22.00 price objective on shares of Bitdeer Technologies Group in a research note on Monday, January 13th. Roth Mkm raised their price objective on Bitdeer Technologies Group from $15.00 to $29.00 and gave the company a "buy" rating in a research note on Tuesday, December 17th. Benchmark raised their price objective on Bitdeer Technologies Group from $16.00 to $29.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Finally, Northland Capmk upgraded Bitdeer Technologies Group to a "strong-buy" rating in a research note on Wednesday, October 9th. Eleven 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, Bitdeer Technologies Group currently has a consensus rating of "Buy" and an average target price of $21.50.

Bitdeer Technologies Group Price Performance

BTDR stock traded down $0.82 during mid-day trading on Monday, reaching $17.71. 6,127,267 shares of the company traded hands, compared to its average volume of 7,745,104. The company has a market capitalization of $1.98 billion, a P/E ratio of -34.05 and a beta of 2.04. Bitdeer Technologies Group has a 52-week low of $5.23 and a 52-week high of $26.99. The company has a fifty day moving average price of $19.34 and a 200-day moving average price of $12.05.

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.