Azora Capital LP Sells 611,585 Shares of Bitdeer Technologies Group $BTDR

Azora Capital LP reduced its stake in Bitdeer Technologies Group (NASDAQ:BTDR) by 43.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 782,038 shares of the company’s stock after selling 611,585 shares during the period. Azora Capital LP’s holdings in Bitdeer Technologies Group were worth $8,767,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of BTDR. Tudor Investment Corp ET AL bought a new position in shares of Bitdeer Technologies Group during the third quarter valued at approximately $6,792,000. Keystone Investors PTE Ltd. bought a new position in shares of Bitdeer Technologies Group during the third quarter valued at approximately $7,844,000. Neo Ivy Capital Management bought a new position in shares of Bitdeer Technologies Group during the third quarter valued at approximately $3,427,000. Value Aligned Research Advisors LLC increased its stake in shares of Bitdeer Technologies Group by 65.6% during the third quarter. Value Aligned Research Advisors LLC now owns 1,378,789 shares of the company’s stock valued at $23,564,000 after purchasing an additional 546,280 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Bitdeer Technologies Group by 144.3% during the fourth quarter. SG Americas Securities LLC now owns 156,724 shares of the company’s stock valued at $1,757,000 after purchasing an additional 92,563 shares in the last quarter. 22.25% of the stock is owned by institutional investors.

Bitdeer Technologies Group Trading Down 1.8%

NASDAQ:BTDR opened at $17.92 on Thursday. The company’s 50 day moving average price is $14.34 and its 200-day moving average price is $12.02. Bitdeer Technologies Group has a 52 week low of $6.92 and a 52 week high of $27.80. The company has a quick ratio of 1.11, a current ratio of 1.85 and a debt-to-equity ratio of 1.88. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of -5.19 and a beta of 2.45.

Bitdeer Technologies Group (NASDAQ:BTDR) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.68) EPS for the quarter, missing analysts’ consensus estimates of ($0.47) by ($0.21). Bitdeer Technologies Group had a negative net margin of 68.11% and a negative return on equity of 69.95%. The firm had revenue of $188.93 million for the quarter, compared to analysts’ expectations of $184.02 million. During the same quarter in the previous year, the company earned ($0.37) EPS. The company’s quarterly revenue was up 169.5% compared to the same quarter last year. On average, equities research analysts forecast that Bitdeer Technologies Group will post -1.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Bitdeer Technologies Group in a research note on Wednesday, May 20th. Rosenblatt Securities raised their target price on shares of Bitdeer Technologies Group from $18.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Zacks Research raised shares of Bitdeer Technologies Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. B. Riley Financial raised their target price on shares of Bitdeer Technologies Group from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Finally, Wall Street Zen downgraded shares of Bitdeer Technologies Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 2nd. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Bitdeer Technologies Group has a consensus rating of “Moderate Buy” and a consensus target price of $24.50.

Bitdeer Technologies Group Company 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.