D1 Capital Partners L.P. Buys Shares of 525,000 Bitdeer Technologies Group (NASDAQ:BTDR)

D1 Capital Partners L.P. bought a new stake in Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 525,000 shares of the company's stock, valued at approximately $5,386,000. D1 Capital Partners L.P. owned approximately 0.47% of Bitdeer Technologies Group as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Central Asset Investments & Management Holdings HK Ltd acquired a new stake in Bitdeer Technologies Group in the second quarter worth about $272,000. XTX Topco Ltd acquired a new stake in Bitdeer Technologies Group in the second quarter worth about $276,000. Virtu Financial LLC acquired a new stake in Bitdeer Technologies Group in the first quarter worth about $431,000. Symmetry Investments LP acquired a new stake in Bitdeer Technologies Group in the second quarter worth about $432,000. Finally, Thomist Capital Management LP acquired a new stake in Bitdeer Technologies Group in the second quarter worth about $1,156,000. 22.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BTDR. Cantor Fitzgerald reiterated an "overweight" rating and issued a $13.00 price objective on shares of Bitdeer Technologies Group in a research report on Tuesday, September 3rd. Benchmark restated a "buy" rating and set a $16.00 target price on shares of Bitdeer Technologies Group in a research report on Tuesday, August 13th. Roth Mkm restated a "buy" rating and set a $14.00 target price on shares of Bitdeer Technologies Group in a research report on Monday, July 1st. B. Riley boosted their target price on Bitdeer Technologies Group from $9.00 to $14.00 and gave the stock a "buy" rating in a research report on Friday, July 12th. Finally, Rosenblatt Securities restated a "buy" rating and set a $9.00 target price on shares of Bitdeer Technologies Group in a research report on Wednesday, August 14th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $14.00.

Bitdeer Technologies Group Trading Down 0.3 %

Shares of NASDAQ:BTDR traded down $0.02 during trading on Monday, hitting $7.11. 1,111,428 shares of the company's stock traded hands, compared to its average volume of 1,979,189. Bitdeer Technologies Group has a 52 week low of $2.77 and a 52 week high of $14.27. The company has a market cap of $796.08 million, a price-to-earnings ratio of -17.39 and a beta of 1.90. The company has a 50-day moving average price of $7.81 and a 200-day moving average price of $7.54.

Bitdeer Technologies Group (NASDAQ:BTDR - Get Free Report) last released its earnings results on Monday, August 12th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.06). The firm had revenue of $99.23 million during the quarter, compared to the consensus estimate of $110.79 million. Bitdeer Technologies Group had a negative net margin of 5.69% and a negative return on equity of 2.56%. On average, analysts predict that Bitdeer Technologies Group will post -0.17 earnings per share for the current fiscal year.

Bitdeer Technologies Group 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.