Harvest Portfolios Group Inc. Cuts Stake in Bitdeer Technologies Group (NASDAQ:BTDR)

Harvest Portfolios Group Inc. cut its position in Bitdeer Technologies Group (NASDAQ:BTDR) by 45.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,636 shares of the company’s stock after selling 9,891 shares during the period. Harvest Portfolios Group Inc.’s holdings in Bitdeer Technologies Group were worth $91,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Central Asset Investments & Management Holdings HK Ltd purchased a new stake in shares of Bitdeer Technologies Group in the 2nd quarter valued at approximately $272,000. XTX Topco Ltd acquired a new stake in Bitdeer Technologies Group during the 2nd quarter worth $276,000. Virtu Financial LLC acquired a new stake in Bitdeer Technologies Group during the 1st quarter worth $431,000. Symmetry Investments LP acquired a new stake in shares of Bitdeer Technologies Group in the 2nd quarter worth $432,000. Finally, Shariaportfolio Inc. acquired a new stake in shares of Bitdeer Technologies Group in the 3rd quarter worth $1,039,000. 22.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BTDR has been the subject of several recent analyst reports. Northland Securities began coverage on shares of Bitdeer Technologies Group in a research note on Wednesday, October 9th. They issued an “outperform” rating and a $13.00 target price for the company. B. Riley dropped their target price on shares of Bitdeer Technologies Group from $14.00 to $12.00 and set a “buy” rating for the company in a report on Friday, October 11th. Cantor Fitzgerald reiterated an “overweight” rating and set a $13.00 price target on shares of Bitdeer Technologies Group in a report on Thursday, October 3rd. Rosenblatt Securities reiterated a “buy” rating and set a $9.00 price target on shares of Bitdeer Technologies Group in a report on Tuesday, October 8th. Finally, Alliance Global Partners began coverage on shares of Bitdeer Technologies Group in a research report on Tuesday, October 8th. They issued a “buy” rating and a $14.00 target price on the stock. Ten analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Bitdeer Technologies Group has an average rating of “Buy” and a consensus target price of $13.70.

Bitdeer Technologies Group Stock Up 4.6 %

Shares of BTDR stock opened at $8.90 on Friday. Bitdeer Technologies Group has a fifty-two week low of $3.49 and a fifty-two week high of $14.27. The firm’s 50 day moving average price is $7.33 and its two-hundred day moving average price is $7.76.

Bitdeer Technologies Group (NASDAQ:BTDR) last announced its quarterly earnings results on Monday, August 12th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.06). The business had revenue of $99.23 million for the quarter, compared to analyst estimates of $110.79 million. Bitdeer Technologies Group had a negative net margin of 5.69% and a negative return on equity of 2.56%. Analysts expect that Bitdeer Technologies Group will post -0.47 EPS for the current year.

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.