Himension Capital Singapore PTE. LTD. Takes Position in Bitdeer Technologies Group (NASDAQ:BTDR)

Himension Capital Singapore PTE. LTD. purchased a new position in shares of Bitdeer Technologies Group (NASDAQ:BTDR) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 364,011 shares of the company’s stock, valued at approximately $7,888,000. Bitdeer Technologies Group comprises approximately 0.5% of Himension Capital Singapore PTE. LTD.’s portfolio, making the stock its 21st biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Stonebridge Financial Group LLC purchased a new stake in shares of Bitdeer Technologies Group during the fourth quarter valued at approximately $65,000. Public Employees Retirement System of Ohio bought a new stake in Bitdeer Technologies Group during the 3rd quarter valued at $66,000. SBI Securities Co. Ltd. purchased a new stake in Bitdeer Technologies Group during the 4th quarter valued at $79,000. Centiva Capital LP bought a new stake in Bitdeer Technologies Group in the 3rd quarter worth $91,000. Finally, Wells Fargo & Company MN grew its holdings in Bitdeer Technologies Group by 56.4% in the 4th quarter. Wells Fargo & Company MN now owns 4,270 shares of the company’s stock worth $93,000 after acquiring an additional 1,540 shares during the last quarter. 22.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on BTDR shares. Benchmark dropped their target price on shares of Bitdeer Technologies Group from $29.00 to $24.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Roth Mkm reaffirmed a “buy” rating and set a $23.50 price target (down previously from $29.00) on shares of Bitdeer Technologies Group in a research report on Wednesday, February 26th. B. Riley lifted 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. Keefe, Bruyette & Woods assumed coverage on Bitdeer Technologies Group in a research note on Monday, January 27th. They set an “outperform” rating and a $26.50 target price on the stock. Finally, Rosenblatt Securities dropped their price target on 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. Ten analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $21.00.

Bitdeer Technologies Group Trading Down 8.4 %

Shares of BTDR stock opened at $8.03 on Friday. The company’s fifty day moving average price is $12.73 and its 200-day moving average price is $13.47. The stock has a market cap of $899.09 million, a PE ratio of -15.44 and a beta of 2.25. Bitdeer Technologies Group has a 12 month low of $5.23 and a 12 month high of $26.99.

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.