WINTON GROUP Ltd Invests $206,000 in Bitdeer Technologies Group (NASDAQ:BTDR)

WINTON GROUP Ltd bought a new stake in shares of Bitdeer Technologies Group (NASDAQ:BTDR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 9,487 shares of the company’s stock, valued at approximately $206,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of BTDR. Charles Schwab Investment Management Inc. increased its position in Bitdeer Technologies Group by 281.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 246,834 shares of the company’s stock valued at $1,933,000 after acquiring an additional 182,110 shares during the last quarter. FengHe Fund Management Pte. Ltd. purchased a new position in shares of Bitdeer Technologies Group during the 4th quarter worth about $10,378,000. Barclays PLC bought a new position in Bitdeer Technologies Group during the 3rd quarter valued at about $161,000. Geode Capital Management LLC raised its position in Bitdeer Technologies Group by 14.6% in the 3rd quarter. Geode Capital Management LLC now owns 368,564 shares of the company’s stock worth $2,886,000 after purchasing an additional 46,968 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Bitdeer Technologies Group in the third quarter worth about $220,000. Hedge funds and other institutional investors own 22.25% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on BTDR. Northland Securities upped their target price on Bitdeer Technologies Group from $20.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Benchmark reduced their target price on Bitdeer Technologies Group from $29.00 to $24.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Keefe, Bruyette & Woods initiated coverage on Bitdeer Technologies Group in a research report on Monday, January 27th. They set an “outperform” rating and a $26.50 target price for the company. Needham & Company LLC cut their price target on shares of Bitdeer Technologies Group from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, March 19th. Finally, B. Riley raised their price target on shares of Bitdeer Technologies Group from $15.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Ten investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Bitdeer Technologies Group has an average rating of “Buy” and a consensus price target of $21.00.

Bitdeer Technologies Group Price Performance

NASDAQ:BTDR opened at $8.83 on Tuesday. Bitdeer Technologies Group has a 1-year low of $5.23 and a 1-year high of $26.99. The company has a 50-day moving average of $13.68 and a 200 day moving average of $13.46. The firm has a market cap of $988.66 million, a PE ratio of -16.98 and a beta of 2.12.

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.