UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Takes $220,000 Position in Bitdeer Technologies Group (NASDAQ:BTDR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 28,072 shares of the company's stock, valued at approximately $220,000.

Other institutional investors have also recently made changes to their positions in the company. Central Asset Investments & Management Holdings HK Ltd bought a new stake in shares of Bitdeer Technologies Group during the second quarter valued at about $272,000. Thomist Capital Management LP purchased a new position in Bitdeer Technologies Group during the second quarter valued at approximately $1,156,000. XTX Topco Ltd bought a new stake in Bitdeer Technologies Group during the 2nd quarter worth approximately $276,000. Symmetry Investments LP purchased a new stake in Bitdeer Technologies Group in the 2nd quarter worth approximately $432,000. Finally, D1 Capital Partners L.P. bought a new position in Bitdeer Technologies Group in the 2nd quarter valued at $5,386,000. Hedge funds and other institutional investors own 22.25% of the company's stock.

Bitdeer Technologies Group Price Performance

NASDAQ BTDR traded up $2.35 on Friday, reaching $20.49. 10,396,828 shares of the company's stock traded hands, compared to its average volume of 3,043,438. The stock has a market cap of $2.29 billion, a PE ratio of -39.40 and a beta of 2.27. Bitdeer Technologies Group has a 12 month low of $5.23 and a 12 month high of $25.51. The stock has a 50-day simple moving average of $12.53 and a 200 day simple moving average of $9.78.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BTDR shares. Rosenblatt Securities upped their price target on shares of Bitdeer Technologies Group from $17.00 to $22.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Alliance Global Partners assumed coverage on Bitdeer Technologies Group in a research note on Tuesday, October 8th. They issued a "buy" rating and a $14.00 target price on the stock. Northland Capmk raised Bitdeer Technologies Group to a "strong-buy" rating in a report on Wednesday, October 9th. B. Riley boosted their price objective on Bitdeer Technologies Group from $15.00 to $24.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Benchmark raised 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 note on Monday, December 9th. Ten equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $19.80.

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.