UBS Group AG Increases Holdings in Bitdeer Technologies Group $BTDR

UBS Group AG grew its position in shares of Bitdeer Technologies Group (NASDAQ:BTDR) by 2.4% during the fourth quarter, Holdings Channel reports. The fund owned 2,246,381 shares of the company’s stock after purchasing an additional 52,808 shares during the period. UBS Group AG’s holdings in Bitdeer Technologies Group were worth $25,182,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its holdings in shares of Bitdeer Technologies Group by 7,157.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,257 shares of the company’s stock worth $83,000 after acquiring an additional 7,157 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Bitdeer Technologies Group during the 3rd quarter worth approximately $159,000. Russell Investments Group Ltd. purchased a new position in shares of Bitdeer Technologies Group during the 3rd quarter worth approximately $191,000. Sei Investments Co. purchased a new position in shares of Bitdeer Technologies Group during the 3rd quarter worth approximately $266,000. Finally, Public Employees Retirement System of Ohio grew its holdings in shares of Bitdeer Technologies Group by 5.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 20,800 shares of the company’s stock worth $355,000 after acquiring an additional 1,100 shares during the period. Hedge funds and other institutional investors own 22.25% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on BTDR shares. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $14.00 price target (down from $26.50) on shares of Bitdeer Technologies Group in a research report on Tuesday, January 27th. HC Wainwright decreased their target price on Bitdeer Technologies Group from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. BTIG Research reissued a “buy” rating on shares of Bitdeer Technologies Group in a report on Friday, January 16th. Needham & Company LLC decreased their price target on Bitdeer Technologies Group from $30.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Bitdeer Technologies Group in a report on Monday, April 20th. Nine investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.20.

Bitdeer Technologies Group Stock Performance

Shares of NASDAQ BTDR opened at $13.47 on Monday. The business’s 50 day moving average is $9.80 and its two-hundred day moving average is $12.32. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.91 and a quick ratio of 0.75. Bitdeer Technologies Group has a 1-year low of $6.92 and a 1-year high of $27.80. The stock has a market capitalization of $3.17 billion, a P/E ratio of -4.29 and a beta of 2.32.

Bitdeer Technologies Group (NASDAQ:BTDR) last issued its quarterly earnings data on Thursday, February 12th. The company reported ($0.73) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.59). The company had revenue of $224.84 million for the quarter, compared to the consensus estimate of $208.25 million. Bitdeer Technologies Group had a return on equity of 8.92% and a net margin of 10.58%.Bitdeer Technologies Group’s quarterly revenue was up 225.8% compared to the same quarter last year. As a group, research analysts expect that Bitdeer Technologies Group will post -1.06 EPS for the current year.

About Bitdeer Technologies Group

Bitdeer Technologies Group Inc (NASDAQ:BTDR) is a global digital asset mining and computing services provider focused on delivering secure and efficient hashrate solutions to institutional and retail customers. The company leverages its proprietary mining platform to offer hosted mining, hashrate sales and management services, enabling clients to access large-scale mining operations without direct investment in hardware or infrastructure.

Bitdeer’s core offerings include mining hosting services, whereby the firm installs, operates and maintains specialized mining equipment on behalf of customers, and hashrate-as-a-service products that provide fixed-capacity mining power with transparent pricing structures.