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

Barclays PLC purchased a new stake in shares of Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 20,450 shares of the company's stock, valued at approximately $161,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Public Employees Retirement System of Ohio bought a new position in Bitdeer Technologies Group during the 3rd quarter valued at $66,000. Centiva Capital LP bought a new position in shares of Bitdeer Technologies Group during the third quarter valued at about $91,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Bitdeer Technologies Group during the third quarter worth about $169,000. Y Intercept Hong Kong Ltd increased its stake in Bitdeer Technologies Group by 96.8% in 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 last quarter. Finally, XTX Topco Ltd bought a new position in shares of Bitdeer Technologies Group during the 2nd quarter worth approximately $276,000. Institutional investors own 22.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BTDR. Alliance Global Partners started coverage on Bitdeer Technologies Group in a research report on Tuesday, October 8th. They set a "buy" rating and a $14.00 price target for the company. Northland Capmk upgraded Bitdeer Technologies Group to a "strong-buy" rating in a research note on Wednesday, October 9th. Northland Securities boosted their price target on shares of Bitdeer Technologies Group from $20.00 to $24.00 and gave the stock an "outperform" rating in a report on Friday, January 10th. Benchmark increased their price target on shares of Bitdeer Technologies Group from $16.00 to $29.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Finally, HC Wainwright increased their target price on shares of Bitdeer Technologies Group from $17.00 to $18.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Ten equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $21.00.

Bitdeer Technologies Group Trading Down 3.7 %

BTDR stock traded down $0.77 during midday trading on Thursday, hitting $19.77. The company had a trading volume of 5,367,342 shares, compared to its average volume of 8,142,097. 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 -37.86 and a beta of 2.09. The stock's 50 day moving average price is $18.41 and its 200 day moving average price is $11.70.

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.