International Assets Investment Management LLC Takes Position in Bitdeer Technologies Group (NASDAQ:BTDR)

International Assets Investment Management LLC purchased a new stake in Bitdeer Technologies Group (NASDAQ:BTDR) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 13,481 shares of the company’s stock, valued at approximately $308,000.

Several other hedge funds also recently made changes to their positions in BTDR. Public Employees Retirement System of Ohio bought a new position in Bitdeer Technologies Group in the 3rd quarter worth about $66,000. Centiva Capital LP bought a new position in Bitdeer Technologies Group in the 3rd quarter worth about $91,000. Barclays PLC purchased a new stake in Bitdeer Technologies Group in the third quarter valued at approximately $161,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Bitdeer Technologies Group during the third quarter valued at approximately $169,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Bitdeer Technologies Group during the third quarter valued at approximately $220,000. 22.25% of the stock is currently owned by hedge funds and other institutional investors.

Bitdeer Technologies Group Stock Performance

Shares of BTDR opened at $18.50 on Monday. The firm has a 50 day moving average price of $16.64 and a 200-day moving average price of $11.19. Bitdeer Technologies Group has a fifty-two week low of $5.23 and a fifty-two week high of $26.99. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of -35.58 and a beta of 2.09.

Wall Street Analyst Weigh In

BTDR has been the subject of several research analyst reports. Alliance Global Partners initiated coverage on shares of Bitdeer Technologies Group in a research report on Tuesday, October 8th. They set a “buy” rating and a $14.00 target price for the company. HC Wainwright lifted their target price on shares of Bitdeer Technologies Group from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Rosenblatt Securities lifted their target price on shares of Bitdeer Technologies Group from $17.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Roth Mkm lifted 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. Finally, B. Riley lifted their target price on shares of Bitdeer Technologies Group from $15.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Ten analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $20.20.

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.