Y Intercept Hong Kong Ltd Increases Holdings in Bitdeer Technologies Group (NASDAQ:BTDR)

Y Intercept Hong Kong Ltd boosted its position in Bitdeer Technologies Group (NASDAQ:BTDR) by 96.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,328 shares of the company’s stock after buying an additional 21,798 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Bitdeer Technologies Group were worth $347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Centiva Capital LP purchased a new stake in shares of Bitdeer Technologies Group in the 3rd quarter valued at $91,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Bitdeer Technologies Group during the third quarter valued at about $169,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Bitdeer Technologies Group during the third quarter valued at about $220,000. Central Asset Investments & Management Holdings HK Ltd purchased a new position in shares of Bitdeer Technologies Group in the second quarter worth about $272,000. Finally, XTX Topco Ltd bought a new stake in shares of Bitdeer Technologies Group in the 2nd quarter valued at about $276,000. 22.25% of the stock is currently owned by institutional investors.

Bitdeer Technologies Group Trading Down 8.3 %

Shares of BTDR opened at $21.22 on Wednesday. Bitdeer Technologies Group has a 1-year low of $5.23 and a 1-year high of $25.51. The firm’s 50-day moving average price is $11.79 and its 200-day moving average price is $9.54. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of -40.81 and a beta of 2.27.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BTDR shares. HC Wainwright raised their price target on Bitdeer Technologies Group from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Cantor Fitzgerald restated an “overweight” rating and issued a $13.00 target price on shares of Bitdeer Technologies Group in a report on Thursday, October 3rd. Benchmark upped their price target on shares of Bitdeer Technologies Group from $16.00 to $29.00 and gave the company a “buy” rating in a report on Monday, December 9th. Northland Securities raised their price target on shares of Bitdeer Technologies Group from $14.00 to $20.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Finally, Roth Mkm upped their price objective on shares of Bitdeer Technologies Group from $15.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday. Ten analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $18.60.

Bitdeer Technologies Group 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.