Virtu Financial LLC Purchases Shares of 61,330 Bitdeer Technologies Group (NASDAQ:BTDR)

Virtu Financial LLC purchased a new stake in Bitdeer Technologies Group (NASDAQ:BTDR) during the first quarter, HoldingsChannel.com reports. The firm purchased 61,330 shares of the company’s stock, valued at approximately $431,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its position in Bitdeer Technologies Group by 149.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,901 shares of the company’s stock valued at $384,000 after buying an additional 23,310 shares in the last quarter. Vontobel Holding Ltd. acquired a new position in shares of Bitdeer Technologies Group during the fourth quarter worth approximately $240,000. Van ECK Associates Corp lifted its position in shares of Bitdeer Technologies Group by 10.5% during the first quarter. Van ECK Associates Corp now owns 1,216,060 shares of the company’s stock worth $8,537,000 after purchasing an additional 115,882 shares in the last quarter. CloudAlpha Capital Management Limited Hong Kong acquired a new position in shares of Bitdeer Technologies Group during the fourth quarter worth approximately $1,199,000. Finally, Vident Advisory LLC lifted its position in shares of Bitdeer Technologies Group by 186.4% during the first quarter. Vident Advisory LLC now owns 868,622 shares of the company’s stock worth $6,098,000 after purchasing an additional 565,362 shares in the last quarter. 22.25% of the stock is currently owned by institutional investors and hedge funds.

Bitdeer Technologies Group Stock Down 11.5 %

Shares of NASDAQ:BTDR opened at $7.36 on Friday. Bitdeer Technologies Group has a 52 week low of $2.77 and a 52 week high of $14.65. The company has a 50 day moving average price of $9.30 and a two-hundred day moving average price of $7.63.

Bitdeer Technologies Group (NASDAQ:BTDR) last issued its earnings results on Monday, May 13th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.07). Bitdeer Technologies Group had a negative net margin of 11.21% and a negative return on equity of 3.98%. The firm had revenue of $119.51 million during the quarter, compared to the consensus estimate of $119.12 million. As a group, equities research analysts anticipate that Bitdeer Technologies Group will post 0.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on BTDR shares. Roth Mkm reiterated a “buy” rating and set a $14.00 target price on shares of Bitdeer Technologies Group in a research report on Monday, July 1st. Rosenblatt Securities started coverage on shares of Bitdeer Technologies Group in a research report on Tuesday, April 9th. They set a “buy” rating and a $10.50 target price on the stock. Needham & Company LLC reiterated a “buy” rating and set a $14.00 target price on shares of Bitdeer Technologies Group in a research report on Wednesday, May 15th. B. Riley boosted their price target on shares of Bitdeer Technologies Group from $9.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Finally, HC Wainwright reissued a “buy” rating and set a $20.00 price target on shares of Bitdeer Technologies Group in a research note on Tuesday, June 11th. Seven investment 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.com, the company presently has a consensus rating of “Buy” and a consensus target price of $14.56.

Bitdeer Technologies Group Company 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.