Tudor Investment Corp ET AL Purchases Shares of 397,402 Bitdeer Technologies Group $BTDR

Tudor Investment Corp ET AL acquired a new stake in shares of Bitdeer Technologies Group (NASDAQ:BTDR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 397,402 shares of the company’s stock, valued at approximately $6,792,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of America Corp DE raised its position in shares of Bitdeer Technologies Group by 67.5% in the 2nd quarter. Bank of America Corp DE now owns 6,337,339 shares of the company’s stock worth $72,753,000 after buying an additional 2,553,093 shares during the period. Geode Capital Management LLC grew its position in Bitdeer Technologies Group by 197.7% during the second quarter. Geode Capital Management LLC now owns 1,592,504 shares of the company’s stock valued at $18,280,000 after acquiring an additional 1,057,552 shares during the period. Azora Capital LP acquired a new stake in Bitdeer Technologies Group during the third quarter worth about $23,817,000. Value Aligned Research Advisors LLC increased its stake in Bitdeer Technologies Group by 65.6% during the third quarter. Value Aligned Research Advisors LLC now owns 1,378,789 shares of the company’s stock worth $23,564,000 after acquiring an additional 546,280 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Bitdeer Technologies Group by 31.3% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 995,128 shares of the company’s stock worth $17,007,000 after purchasing an additional 237,264 shares during the period. 22.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on BTDR. Cantor Fitzgerald reduced their price objective on Bitdeer Technologies Group to $34.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 16th. Needham & Company LLC dropped their target price on shares of Bitdeer Technologies Group from $30.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, February 13th. UBS Group restated a “buy” rating on shares of Bitdeer Technologies Group in a report on Thursday, February 12th. HC Wainwright reduced their price target on shares of Bitdeer Technologies Group from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Finally, BTIG Research reiterated a “buy” rating on shares of Bitdeer Technologies Group in a research note on Friday, January 16th. Ten analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $26.60.

Bitdeer Technologies Group Stock Up 6.4%

NASDAQ BTDR opened at $8.63 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 0.28. Bitdeer Technologies Group has a fifty-two week low of $6.84 and a fifty-two week high of $27.80. The business has a 50 day moving average price of $10.67 and a two-hundred day moving average price of $13.86. The stock has a market cap of $1.83 billion, a PE ratio of -2.75 and a beta of 2.40.

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