Quadrature Capital Ltd Purchases Shares of 36,436 Bitdeer Technologies Group (NASDAQ:BTDR)

Quadrature Capital Ltd bought a new position in Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 36,436 shares of the company's stock, valued at approximately $285,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Centiva Capital LP acquired a new stake in shares of Bitdeer Technologies Group during the 3rd quarter worth $91,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Bitdeer Technologies Group during the 3rd quarter worth $220,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Bitdeer Technologies Group during the 3rd quarter worth $169,000. Mirabella Financial Services LLP acquired a new stake in shares of Bitdeer Technologies Group during the 3rd quarter worth $5,872,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of 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 worth $1,933,000 after buying an additional 182,110 shares during the last quarter. Institutional investors and hedge funds own 22.25% of the company's stock.

Analyst Upgrades and Downgrades

BTDR has been the subject of a number of research analyst reports. Cantor Fitzgerald restated an "overweight" rating and set a $13.00 price objective on shares of Bitdeer Technologies Group in a report on Thursday, October 3rd. Alliance Global Partners assumed coverage on Bitdeer Technologies Group in a report on Tuesday, October 8th. They issued a "buy" rating and a $14.00 price target for the company. Benchmark increased their price target on Bitdeer Technologies Group from $16.00 to $29.00 and gave the company a "buy" rating in a report on Monday. Roth Mkm increased their price target on Bitdeer Technologies Group from $14.00 to $15.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Finally, Northland Capmk upgraded Bitdeer Technologies Group to a "strong-buy" rating in a report on Wednesday, October 9th. Ten research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $17.20.

Bitdeer Technologies Group Trading Up 5.3 %

BTDR traded up $1.00 on Wednesday, hitting $19.90. 10,044,370 shares of the company's stock were exchanged, compared to its average volume of 2,767,355. The firm has a market cap of $2.23 billion, a PE ratio of -40.27 and a beta of 2.27. Bitdeer Technologies Group has a twelve month low of $5.23 and a twelve month high of $22.86. The stock has a fifty day moving average of $10.37 and a two-hundred day moving average of $9.00.

Bitdeer Technologies Group Company 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.