Barclays PLC Makes New Investment in Bitdeer Technologies Group (NASDAQ:BTDR)

Barclays PLC bought a new stake in Bitdeer Technologies Group (NASDAQ:BTDR) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 20,450 shares of the company’s stock, valued at approximately $161,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new stake in Bitdeer Technologies Group in the 3rd quarter worth about $66,000. Centiva Capital LP bought a new position in shares of Bitdeer Technologies Group during the 3rd quarter worth approximately $91,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Bitdeer Technologies Group in the 3rd quarter worth approximately $169,000. Y Intercept Hong Kong Ltd grew its holdings in shares of Bitdeer Technologies Group by 96.8% in the third quarter. Y Intercept Hong Kong Ltd now owns 44,328 shares of the company’s stock valued at $347,000 after acquiring an additional 21,798 shares in the last quarter. Finally, Central Asset Investments & Management Holdings HK Ltd purchased a new stake in shares of Bitdeer Technologies Group during the second quarter valued at approximately $272,000. Hedge funds and other institutional investors own 22.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. B. Riley boosted their price objective on Bitdeer Technologies Group from $15.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Northland Capmk raised shares of Bitdeer Technologies Group to a “strong-buy” rating in a report on Wednesday, October 9th. Needham & Company LLC restated a “buy” rating and set a $14.00 price target on shares of Bitdeer Technologies Group in a research report on Tuesday, November 19th. Alliance Global Partners assumed coverage on shares of Bitdeer Technologies Group in a research report on Tuesday, October 8th. They issued a “buy” rating and a $14.00 price objective on the stock. Finally, Roth Mkm increased their target price on shares of Bitdeer Technologies Group from $15.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Ten equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $19.80.

Bitdeer Technologies Group Trading Down 15.4 %

Shares of NASDAQ:BTDR opened at $19.70 on Wednesday. The company has a 50 day moving average of $16.02 and a 200 day moving average of $10.99. The stock has a market cap of $2.21 billion, a P/E ratio of -37.88 and a beta of 2.09. Bitdeer Technologies Group has a 12 month low of $5.23 and a 12 month high of $26.99.

Bitdeer Technologies Group Profile

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.