Baader Bank Aktiengesellschaft Takes $566,000 Position in Bitdeer Technologies Group (NASDAQ:BTDR)

Baader Bank Aktiengesellschaft purchased a new stake in Bitdeer Technologies Group (NASDAQ:BTDRFree Report) during the fourth quarter, Holdings Channel reports. The firm purchased 26,130 shares of the company’s stock, valued at approximately $566,000.

Several other hedge funds have also recently bought and sold shares of the stock. Public Employees Retirement System of Ohio bought a new stake in Bitdeer Technologies Group during the third quarter worth about $66,000. Centiva Capital LP bought a new stake in Bitdeer Technologies Group during the 3rd quarter worth approximately $91,000. International Assets Investment Management LLC bought a new stake in Bitdeer Technologies Group during the 4th quarter worth approximately $308,000. Barclays PLC acquired a new stake in Bitdeer Technologies Group during the 3rd quarter valued at $161,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Bitdeer Technologies Group in the third quarter worth $169,000. 22.25% of the stock is currently owned by institutional investors and hedge funds.

Bitdeer Technologies Group Stock Up 6.1 %

BTDR opened at $18.17 on Friday. Bitdeer Technologies Group has a 12 month low of $5.23 and a 12 month high of $26.99. The company has a fifty day simple moving average of $19.06 and a 200 day simple moving average of $11.94. The stock has a market cap of $2.03 billion, a P/E ratio of -34.94 and a beta of 2.09.

Analyst Ratings Changes

BTDR has been the topic of a number of research analyst reports. Benchmark increased their price objective on shares of Bitdeer Technologies Group from $16.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Rosenblatt Securities reissued a “buy” rating and set a $22.00 price target on shares of Bitdeer Technologies Group in a research note on Monday, January 13th. Northland Securities upped their price objective on Bitdeer Technologies Group from $20.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Roth Mkm boosted their target price on Bitdeer Technologies Group from $15.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Finally, Needham & Company LLC lifted their price objective on Bitdeer Technologies Group from $14.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Eleven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Bitdeer Technologies Group currently has a consensus rating of “Buy” and a consensus target price of $21.50.

Read Our Latest Analysis on BTDR

About Bitdeer Technologies Group

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Bitdeer Technologies Group (NASDAQ:BTDR)

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