Bitdeer Technologies Group (NASDAQ:BTDR) Stock Position Lifted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Bitdeer Technologies Group (NASDAQ:BTDR) by 118.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,254 shares of the company’s stock after acquiring an additional 33,182 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.05% of Bitdeer Technologies Group worth $1,327,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Quarry LP bought a new position in Bitdeer Technologies Group during the fourth quarter worth $42,000. Stonebridge Financial Group LLC acquired a new stake in shares of Bitdeer Technologies Group during the fourth quarter worth $65,000. SBI Securities Co. Ltd. bought a new position in shares of Bitdeer Technologies Group in the 4th quarter worth about $79,000. Wells Fargo & Company MN lifted its position in shares of Bitdeer Technologies Group by 56.4% in the 4th quarter. Wells Fargo & Company MN now owns 4,270 shares of the company’s stock worth $93,000 after buying an additional 1,540 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Bitdeer Technologies Group in the 4th quarter valued at about $116,000. 22.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BTDR shares. Needham & Company LLC increased their price objective on shares of Bitdeer Technologies Group from $13.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, May 16th. B. Riley increased their price target on Bitdeer Technologies Group from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, May 28th. 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. Benchmark reaffirmed a “buy” rating and issued a $24.00 target price on shares of Bitdeer Technologies Group in a research report on Monday, May 12th. Finally, Wall Street Zen upgraded Bitdeer Technologies Group from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Bitdeer Technologies Group has an average rating of “Buy” and a consensus price target of $19.60.

Bitdeer Technologies Group Stock Performance

NASDAQ:BTDR opened at $13.99 on Monday. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of -26.90 and a beta of 2.32. Bitdeer Technologies Group has a 1 year low of $5.40 and a 1 year high of $26.99. The business has a fifty day moving average of $11.24 and a 200-day moving average of $14.44.

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.