Sciencast Management LP Invests $281,000 in Bitdeer Technologies Group (NASDAQ:BTDR)

Sciencast Management LP bought a new position in shares of Bitdeer Technologies Group (NASDAQ:BTDR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 12,978 shares of the company’s stock, valued at approximately $281,000.

A number of other hedge funds also recently bought and sold shares of BTDR. Yong Rong HK Asset Management Ltd acquired a new position in Bitdeer Technologies Group during the fourth quarter worth $65,010,000. Trivest Advisors Ltd acquired a new position in shares of Bitdeer Technologies Group during the 4th quarter worth about $48,481,000. Van ECK Associates Corp purchased a new position in Bitdeer Technologies Group in the 4th quarter valued at about $29,125,000. Mirabella Financial Services LLP acquired a new stake in Bitdeer Technologies Group in the 3rd quarter worth about $5,872,000. Finally, FengHe Fund Management Pte. Ltd. purchased a new stake in Bitdeer Technologies Group during the 4th quarter worth approximately $10,378,000. Hedge funds and other institutional investors own 22.25% of the company’s stock.

Bitdeer Technologies Group Trading Up 0.1 %

BTDR stock opened at $10.01 on Monday. The company’s 50 day moving average is $14.88 and its two-hundred day moving average is $13.29. Bitdeer Technologies Group has a twelve month low of $5.23 and a twelve month high of $26.99. The stock has a market cap of $1.12 billion, a P/E ratio of -19.25 and a beta of 2.12.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Roth Mkm reissued a “buy” rating and set a $23.50 target price (down previously from $29.00) on shares of Bitdeer Technologies Group in a report on Wednesday, February 26th. Keefe, Bruyette & Woods initiated coverage on shares of Bitdeer Technologies Group in a research report on Monday, January 27th. They issued an “outperform” rating and a $26.50 target price for the company. Rosenblatt Securities reduced their target price on shares of Bitdeer Technologies Group from $30.00 to $25.00 and set a “buy” rating for the company in a research report on Monday, March 17th. Needham & Company LLC cut their price objective on shares of Bitdeer Technologies Group from $18.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, March 19th. Finally, Northland Securities increased their price objective on shares of Bitdeer Technologies Group from $20.00 to $24.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Ten investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $21.00.

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.