Chesapeake Capital Corp IL Invests $289,000 in Bitdeer Technologies Group (NASDAQ:BTDR)

Chesapeake Capital Corp IL purchased a new position in shares of Bitdeer Technologies Group (NASDAQ:BTDR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,347 shares of the company’s stock, valued at approximately $289,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Stonebridge Financial Group LLC bought a new position in shares of Bitdeer Technologies Group during the 4th quarter worth $65,000. SBI Securities Co. Ltd. bought a new position in shares of Bitdeer Technologies Group during the 4th quarter worth $79,000. Public Employees Retirement System of Ohio bought a new stake in Bitdeer Technologies Group during the third quarter valued at about $66,000. Valliance Asset Management Ltd bought a new stake in Bitdeer Technologies Group during the fourth quarter valued at about $217,000. Finally, Centiva Capital LP bought a new stake in Bitdeer Technologies Group during the third quarter valued at about $91,000. Institutional investors own 22.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BTDR. Rosenblatt Securities dropped their price objective on Bitdeer Technologies Group from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Monday. Roth Mkm reaffirmed a “buy” rating and set a $23.50 price objective (down previously from $29.00) on shares of Bitdeer Technologies Group in a research report on Wednesday, February 26th. B. Riley raised their price objective on Bitdeer Technologies Group from $15.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Benchmark dropped their price objective on Bitdeer Technologies Group from $29.00 to $24.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Finally, Needham & Company LLC dropped their price objective on Bitdeer Technologies Group from $22.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Ten research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $21.30.

Bitdeer Technologies Group Stock Performance

Bitdeer Technologies Group stock opened at $9.48 on Wednesday. The stock has a 50-day moving average of $15.38 and a two-hundred day moving average of $13.21. Bitdeer Technologies Group has a one year low of $5.23 and a one year high of $26.99. The stock has a market cap of $1.06 billion, a PE ratio of -18.23 and a beta of 2.12.

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.