80,001 Shares in Bitdeer Technologies Group $BTDR Acquired by BW Gestao de Investimentos Ltda.

BW Gestao de Investimentos Ltda. bought a new stake in Bitdeer Technologies Group (NASDAQ:BTDR) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 80,001 shares of the company’s stock, valued at approximately $1,367,000.

Other hedge funds have also bought and sold shares of the company. Swiss National Bank grew its stake in Bitdeer Technologies Group by 7.1% in the 3rd quarter. Swiss National Bank now owns 178,100 shares of the company’s stock worth $3,044,000 after buying an additional 11,800 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Bitdeer Technologies Group during the 3rd quarter valued at $191,000. First Trust Advisors LP lifted its holdings in shares of Bitdeer Technologies Group by 2.2% during the 3rd quarter. First Trust Advisors LP now owns 40,138 shares of the company’s stock worth $686,000 after acquiring an additional 878 shares during the last quarter. Neo Ivy Capital Management bought a new stake in shares of Bitdeer Technologies Group during the 3rd quarter worth $3,427,000. Finally, SPX Gestao de Recursos Ltda purchased a new position in Bitdeer Technologies Group in the third quarter worth $718,000. 22.25% of the stock is currently owned by institutional investors.

Bitdeer Technologies Group Stock Up 1.9%

Shares of NASDAQ:BTDR opened at $7.42 on Tuesday. The stock has a market capitalization of $1.57 billion, a P/E ratio of -2.36 and a beta of 2.40. The stock’s 50-day moving average price is $11.36 and its 200-day moving average price is $14.23. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 0.28. Bitdeer Technologies Group has a 12-month low of $6.84 and a 12-month high of $27.80.

Bitdeer Technologies Group (NASDAQ:BTDR) last issued its earnings results on Thursday, February 12th. The company reported ($0.73) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.59). Bitdeer Technologies Group had a net margin of 10.58% and a return on equity of 8.92%. The company had revenue of $224.84 million for the quarter, compared to analysts’ expectations of $208.25 million. The business’s revenue was up 225.8% on a year-over-year basis. On average, equities analysts anticipate that Bitdeer Technologies Group will post -0.73 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on BTDR shares. BTIG Research reissued a “buy” rating on shares of Bitdeer Technologies Group in a research note on Friday, January 16th. UBS Group reaffirmed a “buy” rating on shares of Bitdeer Technologies Group in a research note on Thursday, February 12th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $14.00 price objective (down from $26.50) on shares of Bitdeer Technologies Group in a research report on Tuesday, January 27th. Benchmark decreased their price objective on Bitdeer Technologies Group from $38.00 to $27.00 and set a “buy” rating on the stock in a report on Tuesday, February 10th. Finally, Needham & Company LLC dropped their target price on Bitdeer Technologies Group from $30.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Ten analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.60.

Bitdeer Technologies Group Profile

Bitdeer Technologies Group Inc (NASDAQ:BTDR) is a global digital asset mining and computing services provider focused on delivering secure and efficient hashrate solutions to institutional and retail customers. The company leverages its proprietary mining platform to offer hosted mining, hashrate sales and management services, enabling clients to access large-scale mining operations without direct investment in hardware or infrastructure.

Bitdeer’s core offerings include mining hosting services, whereby the firm installs, operates and maintains specialized mining equipment on behalf of customers, and hashrate-as-a-service products that provide fixed-capacity mining power with transparent pricing structures.