Trivest Advisors Ltd Makes New $48.48 Million Investment in Bitdeer Technologies Group (NASDAQ:BTDR)

Trivest Advisors Ltd bought a new position in shares of Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,237,248 shares of the company's stock, valued at approximately $48,481,000. Bitdeer Technologies Group makes up about 2.2% of Trivest Advisors Ltd's investment portfolio, making the stock its 17th biggest position. Trivest Advisors Ltd owned 2.00% of Bitdeer Technologies Group as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Stonebridge Financial Group LLC acquired a new stake in shares of Bitdeer Technologies Group during the 4th quarter worth $65,000. SBI Securities Co. Ltd. bought a new stake in shares of Bitdeer Technologies Group during the 4th quarter worth $79,000. Public Employees Retirement System of Ohio acquired a new stake in Bitdeer Technologies Group in the third quarter valued at about $66,000. Valliance Asset Management Ltd bought a new position in Bitdeer Technologies Group in the fourth quarter valued at about $217,000. Finally, Centiva Capital LP acquired a new position in Bitdeer Technologies Group during the third quarter worth about $91,000. 22.25% of the stock is owned by institutional investors and hedge funds.

Bitdeer Technologies Group Stock Up 0.1 %

Shares of BTDR stock traded up $0.01 during trading hours on Friday, hitting $10.01. 4,160,260 shares of the company's stock traded hands, compared to its average volume of 4,124,519. Bitdeer Technologies Group has a 12 month low of $5.23 and a 12 month high of $26.99. The stock's 50 day simple moving average is $14.88 and its 200 day simple moving average is $13.29. The stock has a market cap of $1.12 billion, a PE ratio of -19.25 and a beta of 2.12.

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Analyst Upgrades and Downgrades

BTDR has been the topic of a number of research analyst reports. Roth Mkm restated a "buy" rating and issued a $23.50 price target (down from $29.00) on shares of Bitdeer Technologies Group in a research note on Wednesday, February 26th. Northland Securities raised their target price on shares of Bitdeer Technologies Group from $20.00 to $24.00 and gave the company an "outperform" rating in a research report on Friday, January 10th. Needham & Company LLC lowered their price target on shares of Bitdeer Technologies Group from $18.00 to $15.00 and set a "buy" rating for the company in a report on Wednesday. Keefe, Bruyette & Woods assumed coverage on Bitdeer Technologies Group in a report on Monday, January 27th. They set an "outperform" rating and a $26.50 price objective on the stock. Finally, HC Wainwright restated a "buy" rating and set a $21.00 price objective (down previously from $22.00) on shares of Bitdeer Technologies Group in a research report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $21.00.

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.