SG Americas Securities LLC Acquires 92,563 Shares of Bitdeer Technologies Group $BTDR

SG Americas Securities LLC grew its holdings in Bitdeer Technologies Group (NASDAQ:BTDR) by 144.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 156,724 shares of the company’s stock after purchasing an additional 92,563 shares during the period. SG Americas Securities LLC owned about 0.07% of Bitdeer Technologies Group worth $1,757,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Goldman Sachs Group Inc. grew its position in Bitdeer Technologies Group by 167.6% in the first quarter. Goldman Sachs Group Inc. now owns 483,022 shares of the company’s stock valued at $4,265,000 after purchasing an additional 302,548 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Bitdeer Technologies Group by 39.0% during the 2nd quarter. Legal & General Group Plc now owns 73,541 shares of the company’s stock worth $844,000 after buying an additional 20,640 shares during the last quarter. New York State Common Retirement Fund acquired a new position in shares of Bitdeer Technologies Group during the 2nd quarter worth about $326,000. Invesco Ltd. grew its holdings in shares of Bitdeer Technologies Group by 169.0% in the 2nd quarter. Invesco Ltd. now owns 71,822 shares of the company’s stock valued at $825,000 after acquiring an additional 45,120 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Bitdeer Technologies Group in the 2nd quarter valued at about $1,558,000. Institutional investors and hedge funds own 22.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BTDR shares. BTIG Research reiterated a “buy” rating on shares of Bitdeer Technologies Group in a report on Friday, January 16th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $14.00 price target (down from $26.50) on shares of Bitdeer Technologies Group in a research note on Tuesday, January 27th. Benchmark dropped their price objective on Bitdeer Technologies Group from $38.00 to $27.00 and set a “buy” rating on the stock in a research note on Tuesday, February 10th. Cantor Fitzgerald cut their price objective on Bitdeer Technologies Group to $34.00 and set an “overweight” rating for the company in a report on Tuesday, December 16th. Finally, Needham & Company LLC decreased their target price on shares of Bitdeer Technologies Group from $30.00 to $22.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Ten research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $26.60.

Bitdeer Technologies Group Stock Performance

Bitdeer Technologies Group stock opened at $9.35 on Monday. The stock has a 50-day simple moving average of $9.60 and a 200 day simple moving average of $13.48. The stock has a market capitalization of $1.98 billion, a P/E ratio of -2.98 and a beta of 2.28. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.75 and a current ratio of 0.91. Bitdeer Technologies Group has a 52 week low of $6.84 and a 52 week high of $27.80.

Bitdeer Technologies Group (NASDAQ:BTDR) last released its quarterly earnings data on Thursday, February 12th. The company reported ($0.73) earnings per share (EPS) 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 business had revenue of $224.84 million during the quarter, compared to the consensus estimate of $208.25 million. The business’s revenue for the quarter was up 225.8% compared to the same quarter last year. Analysts expect that Bitdeer Technologies Group will post -0.73 earnings per share for the current year.

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.