Deutsche Bank AG Acquires 32,776 Shares of Bitdeer Technologies Group $BTDR

Deutsche Bank AG boosted its holdings in Bitdeer Technologies Group (NASDAQ:BTDR) by 198.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,301 shares of the company’s stock after buying an additional 32,776 shares during the period. Deutsche Bank AG’s holdings in Bitdeer Technologies Group were worth $435,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its holdings in shares of Bitdeer Technologies Group by 45.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 537,082 shares of the company’s stock worth $4,742,000 after acquiring an additional 168,304 shares during the period. Blueshift Asset Management LLC purchased a new stake in Bitdeer Technologies Group during the 1st quarter worth about $342,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Bitdeer Technologies Group by 182.4% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,012 shares of the company’s stock worth $274,000 after purchasing an additional 20,030 shares during the period. Phoenix Financial Ltd. boosted its stake in Bitdeer Technologies Group by 47.9% in the 1st quarter. Phoenix Financial Ltd. now owns 24,269 shares of the company’s stock worth $215,000 after purchasing an additional 7,863 shares during the period. Finally, 1492 Capital Management LLC grew its holdings in Bitdeer Technologies Group by 82.7% during the 1st quarter. 1492 Capital Management LLC now owns 57,539 shares of the company’s stock valued at $508,000 after buying an additional 26,042 shares in the last quarter. Hedge funds and other institutional investors own 22.25% of the company’s stock.

Bitdeer Technologies Group Stock Performance

Bitdeer Technologies Group stock opened at $13.55 on Thursday. The firm has a fifty day simple moving average of $12.99 and a two-hundred day simple moving average of $12.13. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 0.12. Bitdeer Technologies Group has a twelve month low of $5.40 and a twelve month high of $26.99. The company has a market capitalization of $1.52 billion, a PE ratio of -2.88 and a beta of 2.23.

Wall Street Analyst Weigh In

BTDR has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $17.00 price target on shares of Bitdeer Technologies Group in a report on Friday, August 15th. Wall Street Zen downgraded shares of Bitdeer Technologies Group from a “hold” rating to a “sell” rating in a report on Friday, August 22nd. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $23.00 price target on shares of Bitdeer Technologies Group in a report on Friday, August 15th. Rosenblatt Securities reiterated a “buy” rating and issued a $20.00 price objective on shares of Bitdeer Technologies Group in a research report on Tuesday, August 19th. Finally, HC Wainwright lifted their price objective on Bitdeer Technologies Group from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $20.80.

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.