Bit Digital, Inc. (NASDAQ:BTBT) Shares Purchased by Redmond Asset Management LLC

Redmond Asset Management LLC boosted its stake in Bit Digital, Inc. (NASDAQ:BTBT) by 3.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 259,381 shares of the company’s stock after buying an additional 7,500 shares during the quarter. Redmond Asset Management LLC owned approximately 0.17% of Bit Digital worth $760,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. State Street Corp lifted its position in shares of Bit Digital by 1.7% in the third quarter. State Street Corp now owns 5,597,517 shares of the company’s stock valued at $19,647,000 after acquiring an additional 94,762 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Bit Digital by 25.2% in the 3rd quarter. Van ECK Associates Corp now owns 4,459,689 shares of the company’s stock valued at $17,259,000 after purchasing an additional 898,329 shares in the last quarter. Geode Capital Management LLC boosted its stake in Bit Digital by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,425,057 shares of the company’s stock worth $8,512,000 after purchasing an additional 42,375 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in Bit Digital by 2.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 935,629 shares of the company’s stock worth $2,741,000 after purchasing an additional 25,592 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Bit Digital by 192.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 806,631 shares of the company’s stock worth $2,831,000 after buying an additional 530,411 shares in the last quarter. 47.70% of the stock is currently owned by institutional investors and hedge funds.

Bit Digital Stock Down 8.1 %

NASDAQ BTBT opened at $2.71 on Friday. The business’s fifty day simple moving average is $3.32 and its 200-day simple moving average is $3.54. The firm has a market cap of $416.01 million, a PE ratio of 45.17 and a beta of 4.88. Bit Digital, Inc. has a 52 week low of $1.76 and a 52 week high of $5.74.

Analyst Ratings Changes

Several equities analysts have recently weighed in on BTBT shares. HC Wainwright reissued a “buy” rating and issued a $7.00 price target on shares of Bit Digital in a research note on Tuesday, November 19th. Craig Hallum assumed coverage on shares of Bit Digital in a research note on Tuesday, January 21st. They issued a “buy” rating and a $6.00 target price on the stock.

Bit Digital Profile

Bit Digital, Inc, together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities; and digital asset staking and digital asset mining businesses, as well as ethereum staking activities. In addition, it provides specialized cloud-infrastructure services for artificial intelligence applications.