Invesco Ltd. Has $419,000 Stock Holdings in Bitdeer Technologies Group (NASDAQ:BTDR)

Invesco Ltd. cut its stake in Bitdeer Technologies Group (NASDAQ:BTDR) by 53.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,357 shares of the company’s stock after selling 22,343 shares during the quarter. Invesco Ltd.’s holdings in Bitdeer Technologies Group were worth $419,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of BTDR. Barclays PLC acquired a new stake in Bitdeer Technologies Group during the 3rd quarter worth approximately $161,000. Geode Capital Management LLC lifted its stake in Bitdeer Technologies Group by 14.6% in the 3rd quarter. Geode Capital Management LLC now owns 368,564 shares of the company’s stock valued at $2,886,000 after acquiring an additional 46,968 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Bitdeer Technologies Group during the 4th quarter worth approximately $308,000. Baader Bank Aktiengesellschaft bought a new position in shares of Bitdeer Technologies Group during the 4th quarter worth approximately $566,000. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of Bitdeer Technologies Group in the fourth quarter valued at approximately $65,000. Institutional investors own 22.25% of the company’s stock.

Bitdeer Technologies Group Stock Up 7.8 %

Shares of NASDAQ BTDR opened at $10.97 on Friday. The stock’s 50-day simple moving average is $9.60 and its two-hundred day simple moving average is $13.63. The firm has a market capitalization of $1.23 billion, a P/E ratio of -21.10 and a beta of 2.25. Bitdeer Technologies Group has a twelve month low of $5.25 and a twelve month high of $26.99.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Needham & Company LLC decreased their target price on shares of Bitdeer Technologies Group from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Monday, April 21st. Keefe, Bruyette & Woods started coverage on Bitdeer Technologies Group in a report on Monday, January 27th. They issued an “outperform” rating and a $26.50 price objective for the company. Roth Mkm reiterated a “buy” rating and set a $23.50 target price (down previously from $29.00) on shares of Bitdeer Technologies Group in a report on Wednesday, February 26th. Benchmark decreased their price target on Bitdeer Technologies Group from $29.00 to $24.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Finally, Rosenblatt Securities dropped their price objective on Bitdeer Technologies Group from $25.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Ten analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $19.50.

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.