12,978 Shares in Bitdeer Technologies Group (NASDAQ:BTDR) Bought by Sciencast Management LP

Sciencast Management LP purchased a new position in shares of Bitdeer Technologies Group (NASDAQ:BTDR) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 12,978 shares of the company’s stock, valued at approximately $281,000.

Several other hedge funds have also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted its stake in shares of Bitdeer Technologies Group by 281.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 246,834 shares of the company’s stock worth $1,933,000 after acquiring an additional 182,110 shares during the period. Mirabella Financial Services LLP acquired a new stake in Bitdeer Technologies Group in the third quarter valued at about $5,872,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Bitdeer Technologies Group in the third quarter valued at about $169,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Bitdeer Technologies Group in the third quarter valued at about $220,000. Finally, Centiva Capital LP acquired a new stake in Bitdeer Technologies Group in the third quarter valued at about $91,000. 22.25% of the stock is owned by institutional investors and hedge funds.

Bitdeer Technologies Group Trading Up 0.1 %

Shares of BTDR opened at $10.01 on Monday. Bitdeer Technologies Group has a 12-month low of $5.23 and a 12-month high of $26.99. The stock has a market cap of $1.12 billion, a P/E ratio of -19.25 and a beta of 2.12. The company has a 50-day moving average of $14.88 and a two-hundred day moving average of $13.29.

Analyst Ratings Changes

BTDR has been the subject of several recent analyst reports. Benchmark reduced their price target on Bitdeer Technologies Group from $29.00 to $24.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Needham & Company LLC reduced their target price on Bitdeer Technologies Group from $18.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, March 19th. HC Wainwright reiterated a “buy” rating and issued a $21.00 price objective (down previously from $22.00) on shares of Bitdeer Technologies Group in a research note on Wednesday, February 26th. Rosenblatt Securities reduced their price objective on shares of Bitdeer Technologies Group from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Monday, March 17th. Finally, Northland Securities raised their price objective on shares of Bitdeer Technologies Group from $20.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Ten investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $21.00.

About Bitdeer Technologies Group

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.