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

Tudor Investment Corp ET AL bought a new stake in shares of Bitdeer Technologies Group (NASDAQ:BTDR) during the 3rd quarter, Holdings Channel reports. The firm bought 397,402 shares of the company’s stock, valued at approximately $6,792,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Value Aligned Research Advisors LLC raised its stake in Bitdeer Technologies Group by 65.6% during the 3rd quarter. Value Aligned Research Advisors LLC now owns 1,378,789 shares of the company’s stock valued at $23,564,000 after acquiring an additional 546,280 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Bitdeer Technologies Group during the 3rd quarter valued at $159,000. Central Asset Investments & Management Holdings HK Ltd bought a new stake in Bitdeer Technologies Group during the 3rd quarter valued at $402,000. Two Seas Capital LP bought a new stake in Bitdeer Technologies Group during the 3rd quarter valued at $7,690,000. Finally, Verition Fund Management LLC raised its stake in Bitdeer Technologies Group by 54.2% during the 3rd quarter. Verition Fund Management LLC now owns 67,662 shares of the company’s stock valued at $1,156,000 after acquiring an additional 23,784 shares in the last quarter. Institutional investors own 22.25% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. HC Wainwright cut their target price on Bitdeer Technologies Group from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Needham & Company LLC cut their price objective on Bitdeer Technologies Group from $30.00 to $22.00 and set a “buy” rating for the company in a report on Friday, February 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Bitdeer Technologies Group in a report on Wednesday, January 21st. Rosenblatt Securities restated a “buy” rating and issued a $18.00 price objective on shares of Bitdeer Technologies Group in a report on Wednesday, March 18th. Finally, Cantor Fitzgerald cut their price objective on Bitdeer Technologies Group to $34.00 and set an “overweight” rating for the company in a report on Tuesday, December 16th. Ten analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $26.60.

Bitdeer Technologies Group Stock Down 2.1%

Shares of Bitdeer Technologies Group stock opened at $9.41 on Wednesday. The stock’s fifty day moving average is $9.42 and its 200-day moving average is $13.38. The firm has a market capitalization of $1.99 billion, a PE ratio of -3.00 and a beta of 2.28. 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 12-month low of $6.84 and a 12-month high of $27.80.

Bitdeer Technologies Group (NASDAQ:BTDR) last announced its earnings results 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). The company had revenue of $224.84 million for the quarter, compared to analyst estimates of $208.25 million. Bitdeer Technologies Group had a return on equity of 8.92% and a net margin of 10.58%.The firm’s revenue was up 225.8% compared to the same quarter last year. Equities analysts anticipate that Bitdeer Technologies Group will post -0.73 earnings per share for the current year.

Bitdeer Technologies Group Company Profile

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.