Baader Bank Aktiengesellschaft Invests $566,000 in Bitdeer Technologies Group (NASDAQ:BTDR)

Baader Bank Aktiengesellschaft bought a new position in Bitdeer Technologies Group (NASDAQ:BTDR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 26,130 shares of the company’s stock, valued at approximately $566,000.

Several other hedge funds have also modified their holdings of the stock. Public Employees Retirement System of Ohio acquired a new stake in shares of Bitdeer Technologies Group during the third quarter valued at approximately $66,000. Centiva Capital LP acquired a new stake in shares of Bitdeer Technologies Group during the third quarter worth approximately $91,000. Barclays PLC purchased a new position in Bitdeer Technologies Group during the third quarter valued at approximately $161,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Bitdeer Technologies Group in the 3rd quarter valued at approximately $169,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Bitdeer Technologies Group in the 3rd quarter worth approximately $220,000. 22.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on BTDR shares. Benchmark upped their price target on shares of Bitdeer Technologies Group from $16.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Northland Securities raised their price target on Bitdeer Technologies Group from $20.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. 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 objective on the stock. Roth Mkm lifted their target price on shares of Bitdeer Technologies Group from $15.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Finally, Rosenblatt Securities restated a “buy” rating and set a $22.00 price target on shares of Bitdeer Technologies Group in a research note on Monday, January 13th. Eleven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $21.50.

Bitdeer Technologies Group Stock Up 6.1 %

BTDR opened at $18.17 on Friday. Bitdeer Technologies Group has a 12-month low of $5.23 and a 12-month high of $26.99. The firm has a market capitalization of $2.03 billion, a P/E ratio of -34.94 and a beta of 2.09. The stock’s 50 day moving average price is $19.06 and its two-hundred day moving average price is $11.94.

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.