Quadrature Capital Ltd Buys New Shares in Bitdeer Technologies Group (NASDAQ:BTDR)

Quadrature Capital Ltd purchased a new position in shares of Bitdeer Technologies Group (NASDAQ:BTDR) in the 3rd quarter, Holdings Channel reports. The firm purchased 36,436 shares of the company’s stock, valued at approximately $285,000.

Other large investors also recently bought and sold shares of the company. Centiva Capital LP purchased a new stake in shares of Bitdeer Technologies Group during the 3rd quarter valued at $91,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Bitdeer Technologies Group during the third quarter valued at about $169,000. Central Asset Investments & Management Holdings HK Ltd acquired a new stake in Bitdeer Technologies Group during the second quarter worth about $272,000. XTX Topco Ltd purchased a new position in shares of Bitdeer Technologies Group in the 2nd quarter worth about $276,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Bitdeer Technologies Group in the 3rd quarter valued at about $220,000. Hedge funds and other institutional investors own 22.25% of the company’s stock.

Bitdeer Technologies Group Price Performance

Shares of Bitdeer Technologies Group stock opened at $18.90 on Wednesday. Bitdeer Technologies Group has a 1-year low of $5.23 and a 1-year high of $22.86. The business has a 50-day moving average of $10.13 and a 200-day moving average of $8.91. The company has a market capitalization of $2.12 billion, a PE ratio of -37.12 and a beta of 2.27.

Analyst Ratings Changes

A number of research firms recently issued reports on BTDR. Rosenblatt Securities increased their target price on shares of Bitdeer Technologies Group from $17.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. HC Wainwright increased their price objective on shares of Bitdeer Technologies Group from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Northland Securities lifted their target price on shares of Bitdeer Technologies Group from $14.00 to $20.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Benchmark increased their price target on Bitdeer Technologies Group from $16.00 to $29.00 and gave the company a “buy” rating in a report on Monday. Finally, Alliance Global Partners began coverage on Bitdeer Technologies Group in a research note on Tuesday, October 8th. They set a “buy” rating and a $14.00 price objective on the stock. Ten research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Bitdeer Technologies Group has a consensus rating of “Buy” and an average target price of $17.20.

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.