Vontobel Holding Ltd. Decreases Position in Bitdeer Technologies Group $BTDR

Vontobel Holding Ltd. lessened its holdings in Bitdeer Technologies Group (NASDAQ:BTDR) by 33.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,109 shares of the company’s stock after selling 8,610 shares during the quarter. Vontobel Holding Ltd.’s holdings in Bitdeer Technologies Group were worth $196,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its position in Bitdeer Technologies Group by 167.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 483,022 shares of the company’s stock worth $4,265,000 after purchasing an additional 302,548 shares during the period. SG Americas Securities LLC purchased a new position in Bitdeer Technologies Group in the 1st quarter worth $505,000. Deutsche Bank AG raised its position in Bitdeer Technologies Group by 198.3% in the 1st quarter. Deutsche Bank AG now owns 49,301 shares of the company’s stock worth $435,000 after purchasing an additional 32,776 shares during the period. SBI Securities Co. Ltd. increased its position in shares of Bitdeer Technologies Group by 507.1% in the first quarter. SBI Securities Co. Ltd. now owns 22,002 shares of the company’s stock valued at $194,000 after acquiring an additional 18,378 shares during the period. Finally, 1492 Capital Management LLC increased its position in shares of Bitdeer Technologies Group by 82.7% in the first quarter. 1492 Capital Management LLC now owns 57,539 shares of the company’s stock valued at $508,000 after acquiring an additional 26,042 shares during the period. Hedge funds and other institutional investors own 22.25% of the company’s stock.

Bitdeer Technologies Group Trading Up 28.7%

NASDAQ:BTDR opened at $25.90 on Thursday. Bitdeer Technologies Group has a one year low of $6.84 and a one year high of $27.80. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.03 and a quick ratio of 0.84. The company’s 50-day simple moving average is $15.72 and its 200 day simple moving average is $13.26. The firm has a market capitalization of $5.48 billion, a P/E ratio of -5.51 and a beta of 2.25.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on BTDR shares. B. Riley restated a “buy” rating on shares of Bitdeer Technologies Group in a research report on Friday, August 15th. Cantor Fitzgerald boosted their price objective on shares of Bitdeer Technologies Group from $30.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday. Rosenblatt Securities restated a “buy” rating and issued a $20.00 price objective on shares of Bitdeer Technologies Group in a research report on Wednesday. HC Wainwright boosted their price objective on shares of Bitdeer Technologies Group from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Monday, August 18th. Finally, Roth Capital restated a “buy” rating and issued a $40.00 price objective on shares of Bitdeer Technologies Group in a research report on Wednesday. Twelve research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Bitdeer Technologies Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.50.

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.