Y Intercept Hong Kong Ltd Has $4.65 Million Stock Position in Bitdeer Technologies Group $BTDR

Y Intercept Hong Kong Ltd lifted its position in Bitdeer Technologies Group (NASDAQ:BTDR) by 2,332.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 272,313 shares of the company’s stock after buying an additional 261,118 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Bitdeer Technologies Group were worth $4,654,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BTDR. Bank of America Corp DE grew its stake in Bitdeer Technologies Group by 67.5% in the second quarter. Bank of America Corp DE now owns 6,337,339 shares of the company’s stock valued at $72,753,000 after acquiring an additional 2,553,093 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Bitdeer Technologies Group by 197.7% during the 2nd quarter. Geode Capital Management LLC now owns 1,592,504 shares of the company’s stock valued at $18,280,000 after purchasing an additional 1,057,552 shares in the last quarter. Vident Advisory LLC grew its position in shares of Bitdeer Technologies Group by 13.2% in the 2nd quarter. Vident Advisory LLC now owns 775,776 shares of the company’s stock valued at $8,906,000 after purchasing an additional 90,762 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Bitdeer Technologies Group by 5,771.3% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 757,864 shares of the company’s stock worth $8,700,000 after purchasing an additional 744,956 shares in the last quarter. Finally, Shaolin Capital Management LLC increased its stake in Bitdeer Technologies Group by 45.8% during the 2nd quarter. Shaolin Capital Management LLC now owns 649,667 shares of the company’s stock worth $7,458,000 after purchasing an additional 204,167 shares in the last quarter. 22.25% of the stock is currently owned by institutional investors.

Bitdeer Technologies Group Stock Up 3.5%

Bitdeer Technologies Group stock opened at $14.53 on Monday. The company has a current ratio of 0.90, a quick ratio of 0.74 and a debt-to-equity ratio of 0.46. Bitdeer Technologies Group has a 1-year low of $6.84 and a 1-year high of $27.80. The company has a fifty day simple moving average of $12.01 and a 200 day simple moving average of $14.91. The company has a market cap of $3.08 billion, a P/E ratio of -2.58 and a beta of 2.33.

Bitdeer Technologies Group (NASDAQ:BTDR) last issued its quarterly earnings results on Monday, November 10th. The company reported ($1.28) EPS for the quarter, missing the consensus estimate of ($0.22) by ($1.06). The business had revenue of $169.71 million for the quarter, compared to the consensus estimate of $151.80 million. Bitdeer Technologies Group had a negative return on equity of 91.31% and a negative net margin of 115.59%.The company’s quarterly revenue was up 173.7% compared to the same quarter last year. During the same period last year, the firm earned ($0.35) earnings per share. Research analysts anticipate that Bitdeer Technologies Group will post -0.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on BTDR shares. B. Riley cut their price target on shares of Bitdeer Technologies Group from $32.00 to $29.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. Rosenblatt Securities set a $5.90 price objective on shares of Bitdeer Technologies Group in a report on Wednesday, January 14th. Roth Mkm reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Bitdeer Technologies Group in a research report on Wednesday, October 15th. Needham & Company LLC increased their target price on Bitdeer Technologies Group from $17.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Finally, Cantor Fitzgerald dropped their price target on Bitdeer Technologies Group to $34.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 16th. Ten research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $27.64.

Bitdeer Technologies Group 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.