Tudor Investment Corp ET AL Invests $6.79 Million in Bitdeer Technologies Group $BTDR

Tudor Investment Corp ET AL acquired a new position in Bitdeer Technologies Group (NASDAQ:BTDR) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 397,402 shares of the company’s stock, valued at approximately $6,792,000. Tudor Investment Corp ET AL owned approximately 0.19% of Bitdeer Technologies Group as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in BTDR. Bank of America Corp DE raised its position in Bitdeer Technologies Group by 67.5% during the second quarter. Bank of America Corp DE now owns 6,337,339 shares of the company’s stock worth $72,753,000 after acquiring an additional 2,553,093 shares during the last quarter. Azora Capital LP purchased a new stake in shares of Bitdeer Technologies Group in the third quarter valued at about $23,817,000. Geode Capital Management LLC grew its position in shares of Bitdeer Technologies Group by 197.7% in the second 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Bitdeer Technologies Group by 5,771.3% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 757,864 shares of the company’s stock valued at $8,700,000 after purchasing an additional 744,956 shares during the last quarter. Finally, Merewether Investment Management LP purchased a new position in shares of Bitdeer Technologies Group during the 3rd quarter worth approximately $10,283,000. 22.25% of the stock is owned by institutional investors and hedge funds.

Bitdeer Technologies Group Stock Up 6.4%

Shares of NASDAQ:BTDR opened at $8.63 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 0.28. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of -2.75 and a beta of 2.40. The stock’s 50-day moving average price is $10.67 and its two-hundred day moving average price is $13.86. 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 posted its quarterly earnings data on Thursday, February 12th. The company reported ($0.73) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.59). Bitdeer Technologies Group had a net margin of 10.58% and a return on equity of 8.92%. The company had revenue of $224.84 million for the quarter, compared to analyst estimates of $208.25 million. The firm’s quarterly revenue was up 225.8% on a year-over-year basis. On average, research analysts forecast that Bitdeer Technologies Group will post -0.73 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Cantor Fitzgerald cut their price objective on Bitdeer Technologies Group to $34.00 and set an “overweight” rating for the company in a research report on Tuesday, December 16th. HC Wainwright lowered their target price on Bitdeer Technologies Group from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Bitdeer Technologies Group in a research report on Wednesday, January 21st. Zacks Research cut Bitdeer Technologies Group from a “hold” rating to a “strong sell” rating in a report on Monday, March 16th. Finally, Benchmark reduced their price objective on Bitdeer Technologies Group from $38.00 to $27.00 and set a “buy” rating on the stock in a research report on Tuesday, February 10th. Ten equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have 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 $26.60.

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.