Central Asset Investments & Management Holdings HK Ltd Invests $272,000 in Bitdeer Technologies Group (NASDAQ:BTDR)

Central Asset Investments & Management Holdings HK Ltd purchased a new position in shares of Bitdeer Technologies Group (NASDAQ:BTDR) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 26,500 shares of the company’s stock, valued at approximately $272,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BTDR. Virtu Financial LLC purchased a new position in Bitdeer Technologies Group during the 1st quarter worth $431,000. Vident Advisory LLC raised its holdings in Bitdeer Technologies Group by 186.4% during the first quarter. Vident Advisory LLC now owns 868,622 shares of the company’s stock worth $6,098,000 after purchasing an additional 565,362 shares in the last quarter. Van ECK Associates Corp lifted its position in Bitdeer Technologies Group by 10.5% in the first quarter. Van ECK Associates Corp now owns 1,216,060 shares of the company’s stock valued at $8,537,000 after purchasing an additional 115,882 shares during the period. Finally, Nomura Holdings Inc. purchased a new stake in Bitdeer Technologies Group in the 4th quarter valued at approximately $15,350,000. 22.25% of the stock is currently owned by hedge funds and other institutional investors.

Bitdeer Technologies Group Stock Up 3.0 %

NASDAQ:BTDR opened at $7.12 on Wednesday. The company has a market capitalization of $797.20 million, a PE ratio of -17.37 and a beta of 1.90. The stock has a fifty day simple moving average of $8.02 and a 200-day simple moving average of $7.54. Bitdeer Technologies Group has a 52-week low of $2.77 and a 52-week high of $14.65.

Bitdeer Technologies Group (NASDAQ:BTDR) last released 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 company had revenue of $99.23 million during the quarter, compared to analyst estimates of $110.79 million. Bitdeer Technologies Group had a negative return on equity of 2.56% and a negative net margin of 5.69%. As a group, equities analysts anticipate that Bitdeer Technologies Group will post -0.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on BTDR shares. Needham & Company LLC reissued a “buy” rating and set a $14.00 target price on shares of Bitdeer Technologies Group in a research note on Tuesday, August 13th. Roth Mkm reiterated a “buy” rating and issued a $14.00 price objective on shares of Bitdeer Technologies Group in a research report on Monday, July 1st. Benchmark restated a “buy” rating and set a $16.00 target price on shares of Bitdeer Technologies Group in a research report on Tuesday, August 13th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $13.00 price target on shares of Bitdeer Technologies Group in a report on Tuesday, September 3rd. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $9.00 price objective on shares of Bitdeer Technologies Group in a research note on Wednesday, August 14th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Bitdeer Technologies Group currently has a consensus rating of “Buy” and a consensus price target of $14.00.

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.