28,072 Shares in Bitdeer Technologies Group (NASDAQ:BTDR) Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Bitdeer Technologies Group (NASDAQ:BTDR) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 28,072 shares of the company’s stock, valued at approximately $220,000.

A number of other hedge funds have also recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Bitdeer Technologies Group during the 3rd quarter valued at approximately $169,000. Central Asset Investments & Management Holdings HK Ltd acquired a new stake in Bitdeer Technologies Group in the second quarter valued at $272,000. XTX Topco Ltd bought a new position in Bitdeer Technologies Group during the 2nd quarter valued at $276,000. Symmetry Investments LP acquired a new position in Bitdeer Technologies Group during the 2nd quarter worth $432,000. Finally, Shariaportfolio Inc. bought a new stake in shares of Bitdeer Technologies Group in the 3rd quarter worth about $1,039,000. Institutional investors and hedge funds own 22.25% of the company’s stock.

Bitdeer Technologies Group Stock Up 13.0 %

BTDR stock opened at $20.49 on Friday. Bitdeer Technologies Group has a fifty-two week low of $5.23 and a fifty-two week high of $25.51. The stock has a market cap of $2.29 billion, a PE ratio of -39.40 and a beta of 2.27. The firm’s 50-day simple moving average is $12.53 and its 200 day simple moving average is $9.78.

Analyst Ratings Changes

Several equities analysts have recently commented on BTDR shares. Rosenblatt Securities increased their price target on shares of Bitdeer Technologies Group from $17.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $13.00 target price on shares of Bitdeer Technologies Group in a research report on Thursday, October 3rd. Benchmark boosted their price target on Bitdeer Technologies Group from $16.00 to $29.00 and gave the company a “buy” rating in a report on Monday, December 9th. Northland Capmk upgraded Bitdeer Technologies Group to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, Alliance Global Partners began coverage on shares of Bitdeer Technologies Group in a report on Tuesday, October 8th. They issued a “buy” rating and a $14.00 price objective for the company. Ten investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $19.80.

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.