10,000 Shares in Bitdeer Technologies Group (NASDAQ:BTDR) Purchased by Valliance Asset Management Ltd

Valliance Asset Management Ltd bought a new stake in Bitdeer Technologies Group (NASDAQ:BTDR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,000 shares of the company’s stock, valued at approximately $217,000. Bitdeer Technologies Group comprises approximately 0.4% of Valliance Asset Management Ltd’s portfolio, making the stock its 17th biggest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Yong Rong HK Asset Management Ltd bought a new stake in shares of Bitdeer Technologies Group in the fourth quarter valued at approximately $65,010,000. FengHe Fund Management Pte. Ltd. bought a new stake in Bitdeer Technologies Group during the fourth quarter worth about $10,378,000. Van ECK Associates Corp bought a new stake in Bitdeer Technologies Group during the fourth quarter worth about $29,125,000. Stonebridge Financial Group LLC purchased a new position in shares of Bitdeer Technologies Group in the fourth quarter worth about $65,000. Finally, Baader Bank Aktiengesellschaft purchased a new position in shares of Bitdeer Technologies Group in the fourth quarter worth about $566,000. 22.25% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on BTDR. Keefe, Bruyette & Woods initiated coverage on Bitdeer Technologies Group in a research report on Monday, January 27th. They issued an “outperform” rating and a $26.50 price target on the stock. B. Riley increased their price target on Bitdeer Technologies Group from $15.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Benchmark upped their price objective on Bitdeer Technologies Group from $16.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Roth Mkm increased their price target on Bitdeer Technologies Group from $15.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Finally, Needham & Company LLC increased their price objective on shares of Bitdeer Technologies Group from $14.00 to $22.00 and gave the company a “buy” rating in a report on Monday, January 13th. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $22.23.

Bitdeer Technologies Group Stock Performance

BTDR opened at $13.09 on Friday. Bitdeer Technologies Group has a fifty-two week low of $5.23 and a fifty-two week high of $26.99. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of -25.16 and a beta of 2.04. The company has a fifty day moving average of $19.22 and a two-hundred day moving average of $12.73.

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.