Bit Digital, Inc. (NASDAQ:BTBT) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Bit Digital, Inc. (NASDAQ:BTBTFree Report) by 9.5% in the first quarter, HoldingsChannel reports. The fund owned 1,910,596 shares of the company’s stock after buying an additional 165,044 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Bit Digital were worth $5,483,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. HBW Advisory Services LLC acquired a new position in shares of Bit Digital during the 4th quarter valued at about $42,000. Gladstone Institutional Advisory LLC acquired a new position in shares of Bit Digital during the 4th quarter valued at about $42,000. Merit Financial Group LLC acquired a new position in shares of Bit Digital during the 4th quarter valued at about $42,000. Simplicity Wealth LLC acquired a new position in shares of Bit Digital during the 1st quarter valued at about $33,000. Finally, Victory Capital Management Inc. acquired a new position in shares of Bit Digital during the 4th quarter valued at about $48,000. Institutional investors and hedge funds own 47.70% of the company’s stock.

Analysts Set New Price Targets

Separately, HC Wainwright boosted their target price on Bit Digital from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Monday, July 1st.

Read Our Latest Stock Report on BTBT

Bit Digital Stock Performance

Shares of NASDAQ:BTBT opened at $3.35 on Thursday. Bit Digital, Inc. has a 1 year low of $1.76 and a 1 year high of $5.27. The stock has a market capitalization of $276.31 million, a P/E ratio of 11.17 and a beta of 4.90. The stock has a 50-day simple moving average of $2.72 and a 200-day simple moving average of $2.73.

Bit Digital (NASDAQ:BTBTGet Free Report) last released its quarterly earnings results on Wednesday, May 15th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. The firm had revenue of $30.29 million during the quarter, compared to analysts’ expectations of $25.61 million. Bit Digital had a return on equity of 0.30% and a net margin of 57.44%. Analysts predict that Bit Digital, Inc. will post 0.02 earnings per share for the current year.

Bit Digital Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Bit Digital (NASDAQ:BTBT)

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