FengHe Fund Management Pte. Ltd. purchased a new stake in shares of Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 478,900 shares of the company's stock, valued at approximately $10,378,000. Bitdeer Technologies Group accounts for 3.1% of FengHe Fund Management Pte. Ltd.'s holdings, making the stock its 8th biggest position. FengHe Fund Management Pte. Ltd. owned approximately 0.43% of Bitdeer Technologies Group at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BTDR. Van ECK Associates Corp acquired a new stake in Bitdeer Technologies Group during the fourth quarter valued at $29,125,000. Mirabella Financial Services LLP acquired a new stake in shares of Bitdeer Technologies Group in the third quarter valued at about $5,872,000. State Street Corp acquired a new stake in shares of Bitdeer Technologies Group in the third quarter valued at about $1,510,000. Charles Schwab Investment Management Inc. grew its position in shares of Bitdeer Technologies Group by 281.4% in the third 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. Finally, Shariaportfolio Inc. acquired a new stake in shares of Bitdeer Technologies Group in the third quarter valued at about $1,039,000. Institutional investors and hedge funds own 22.25% of the company's stock.
Analysts Set New Price Targets
Several brokerages have recently issued reports on BTDR. B. Riley lifted their target price on shares of Bitdeer Technologies Group from $15.00 to $24.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. Benchmark lifted their target price 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. Rosenblatt Securities lifted their target price on shares of Bitdeer Technologies Group from $22.00 to $30.00 and gave the company a "buy" rating in a research report on Wednesday, February 5th. HC Wainwright lifted 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. Finally, Needham & Company LLC boosted their price target 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. Eleven 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.com, the company presently has a consensus rating of "Buy" and an average target price of $22.23.
Check Out Our Latest Stock Report on Bitdeer Technologies Group
Bitdeer Technologies Group Trading Up 0.4 %
BTDR stock traded up $0.06 during trading on Thursday, reaching $14.98. 7,808,676 shares of the stock were exchanged, compared to its average volume of 6,756,632. The business has a 50 day moving average price of $19.51 and a 200-day moving average price of $12.65. Bitdeer Technologies Group has a 1 year low of $5.23 and a 1 year high of $26.99. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of -28.81 and a beta of 2.04.
Bitdeer Technologies Group Company Profile
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Free Report)
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.
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