Bitdeer Technologies Group (NASDAQ:BTDR) Stock Position Decreased by Wealth High Governance Capital Ltda
Wealth High Governance Capital Ltda reduced its stake in Bitdeer Technologies Group (NASDAQ:BTDR) by 37.7% in Q4, now holding 311,308 shares valued at approximately $6.75 million. The stock represents 2.4% of the fund's holdings. Other institutional investors also acquired new positions in BTDR. The stock opened at $10.57, with a market cap of $1.18 billion and a consensus "Buy" rating from analysts, with a target price of $21.18.
Wealth High Governance Capital Ltda trimmed its stake in Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) by 37.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 311,308 shares of the company's stock after selling 188,692 shares during the quarter. Bitdeer Technologies Group makes up 2.4% of Wealth High Governance Capital Ltda's holdings, making the stock its 16th largest holding. Wealth High Governance Capital Ltda owned about 0.28% of Bitdeer Technologies Group worth $6,746,000 as of its most recent filing with the Securities & Exchange Commission.
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A number of other institutional investors and hedge funds also recently modified their holdings of BTDR. Stonebridge Financial Group LLC acquired a new position in Bitdeer Technologies Group during the fourth quarter valued at $65,000. SBI Securities Co. Ltd. purchased a new stake in shares of Bitdeer Technologies Group in the fourth quarter worth approximately $79,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Bitdeer Technologies Group during the third quarter worth approximately $66,000. Valliance Asset Management Ltd purchased a new position in Bitdeer Technologies Group during the fourth quarter valued at approximately $217,000. Finally, Centiva Capital LP acquired a new position in Bitdeer Technologies Group in the 3rd quarter valued at approximately $91,000. 22.25% of the stock is owned by institutional investors and hedge funds.
Bitdeer Technologies Group Stock Up 5.6 %
Shares of BTDR stock opened at $10.57 on Wednesday. The stock has a 50-day moving average price of $16.63 and a 200 day moving average price of $13.09. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of -20.33 and a beta of 2.12. Bitdeer Technologies Group has a 12 month low of $5.23 and a 12 month high of $26.99.
Wall Street Analysts Forecast Growth
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Several brokerages recently issued reports on BTDR. Keefe, Bruyette & Woods began coverage on Bitdeer Technologies Group in a report on Monday, January 27th. They set an "outperform" rating and a $26.50 price objective for the company. Northland Securities increased 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. Needham & Company LLC reduced their target price on shares of Bitdeer Technologies Group from $22.00 to $18.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. B. Riley increased their price target on shares of Bitdeer Technologies Group from $15.00 to $24.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Finally, Benchmark reduced their price objective on shares of Bitdeer Technologies Group from $29.00 to $24.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Eleven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $21.18.
Read Our Latest Research Report on Bitdeer Technologies Group
Bitdeer Technologies Group Company Profile
(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.
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