Bit Digital, Inc. (NASDAQ:BTBT) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC increased its holdings in shares of Bit Digital, Inc. (NASDAQ:BTBT - Free Report) by 427.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 219,520 shares of the company's stock after purchasing an additional 177,911 shares during the period. SG Americas Securities LLC owned 0.14% of Bit Digital worth $643,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Tidal Investments LLC lifted its position in shares of Bit Digital by 22.0% during the third quarter. Tidal Investments LLC now owns 45,800 shares of the company's stock worth $161,000 after purchasing an additional 8,250 shares in the last quarter. Crescent Grove Advisors LLC acquired a new position in Bit Digital in the 3rd quarter worth $35,000. Creative Planning purchased a new position in Bit Digital in the 3rd quarter valued at about $37,000. Stifel Financial Corp acquired a new stake in shares of Bit Digital during the third quarter valued at about $38,000. Finally, The Manufacturers Life Insurance Company increased its position in shares of Bit Digital by 42.4% during the second quarter. The Manufacturers Life Insurance Company now owns 44,219 shares of the company's stock worth $141,000 after acquiring an additional 13,170 shares during the last quarter. 47.70% of the stock is currently owned by institutional investors and hedge funds.

Bit Digital Trading Up 1.1 %

Bit Digital stock traded up $0.04 during midday trading on Monday, hitting $3.19. The stock had a trading volume of 22,432,213 shares, compared to its average volume of 17,786,332. The business has a fifty day moving average price of $3.73 and a 200 day moving average price of $3.59. Bit Digital, Inc. has a 12 month low of $1.76 and a 12 month high of $5.74. The stock has a market cap of $488.93 million, a P/E ratio of 53.58 and a beta of 4.88.

Analysts Set New Price Targets

BTBT has been the subject of a number of analyst reports. B. Riley assumed coverage on Bit Digital in a report on Thursday, October 24th. They issued a "buy" rating and a $6.00 price target for the company. HC Wainwright reiterated a "buy" rating and set a $7.00 target price on shares of Bit Digital in a research note on Tuesday, November 19th. Finally, Craig Hallum started coverage on shares of Bit Digital in a research note on Tuesday, January 21st. They issued a "buy" rating and a $6.00 price target for the company.

Bit Digital Company Profile

Bit Digital, Inc, together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities; and digital asset staking and digital asset mining businesses, as well as ethereum staking activities. In addition, it provides specialized cloud-infrastructure services for artificial intelligence applications.