Central Asset Investments & Management Holdings HK Ltd Acquires Shares of 62,800 Bitdeer Technologies Group (NASDAQ:BTDR)

Central Asset Investments & Management Holdings HK Ltd purchased a new stake in shares of Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 62,800 shares of the company's stock, valued at approximately $1,361,000. Bitdeer Technologies Group accounts for 0.8% of Central Asset Investments & Management Holdings HK Ltd's investment portfolio, making the stock its 29th largest holding. Central Asset Investments & Management Holdings HK Ltd owned about 0.06% of Bitdeer Technologies Group at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Stonebridge Financial Group LLC purchased a new position in Bitdeer Technologies Group during the 4th quarter valued at about $65,000. Public Employees Retirement System of Ohio bought a new stake in Bitdeer Technologies Group during the 3rd quarter valued at approximately $66,000. Centiva Capital LP bought a new stake in Bitdeer Technologies Group during the 3rd quarter valued at approximately $91,000. Barclays PLC bought a new stake in Bitdeer Technologies Group during the 3rd quarter valued at approximately $161,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Bitdeer Technologies Group during the 3rd quarter valued at approximately $169,000. Hedge funds and other institutional investors own 22.25% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on BTDR shares. Benchmark cut their price objective on Bitdeer Technologies Group from $29.00 to $24.00 and set a "buy" rating on the stock in a research report on Wednesday. HC Wainwright reaffirmed a "buy" rating and set a $21.00 price objective (down from $22.00) on shares of Bitdeer Technologies Group in a research report on Wednesday. Northland Securities lifted their price objective on Bitdeer Technologies Group from $20.00 to $24.00 and gave the company an "outperform" rating in a research report on Friday, January 10th. Roth Mkm restated a "buy" rating and issued a $23.50 price target (down previously from $29.00) on shares of Bitdeer Technologies Group in a research note on Wednesday. Finally, Needham & Company LLC reduced their price objective on Bitdeer Technologies Group from $22.00 to $18.00 and set a "buy" rating for the company in a research report on Wednesday. Eleven 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, Bitdeer Technologies Group presently has a consensus rating of "Buy" and a consensus target price of $21.18.

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Bitdeer Technologies Group Stock Up 13.0 %

Shares of NASDAQ:BTDR traded up $1.42 on Friday, hitting $12.31. 10,678,092 shares of the company traded hands, compared to its average volume of 7,445,046. Bitdeer Technologies Group has a 52 week low of $5.23 and a 52 week high of $26.99. The stock has a 50 day simple moving average of $18.29 and a 200-day simple moving average of $12.85. The company has a market cap of $1.38 billion, a PE ratio of -23.67 and a beta of 2.04.

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.