Keystone Investors PTE Ltd. Takes Position in Bitdeer Technologies Group $BTDR

Keystone Investors PTE Ltd. purchased a new stake in shares of Bitdeer Technologies Group (NASDAQ:BTDR) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 458,958 shares of the company’s stock, valued at approximately $7,844,000. Bitdeer Technologies Group accounts for approximately 0.9% of Keystone Investors PTE Ltd.’s holdings, making the stock its 25th biggest holding. Keystone Investors PTE Ltd. owned about 0.22% of Bitdeer Technologies Group at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in BTDR. Great Lakes Advisors LLC acquired a new stake in Bitdeer Technologies Group during the third quarter worth $1,355,000. Y Intercept Hong Kong Ltd grew its holdings in shares of Bitdeer Technologies Group by 2,332.5% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 272,313 shares of the company’s stock worth $4,654,000 after purchasing an additional 261,118 shares during the period. Teacher Retirement System of Texas increased its position in shares of Bitdeer Technologies Group by 9.7% during the 3rd quarter. Teacher Retirement System of Texas now owns 54,625 shares of the company’s stock worth $934,000 after purchasing an additional 4,830 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Bitdeer Technologies Group in the 3rd quarter valued at about $159,000. Finally, SG Americas Securities LLC lifted its position in Bitdeer Technologies Group by 16.1% in the third quarter. SG Americas Securities LLC now owns 64,161 shares of the company’s stock valued at $1,097,000 after buying an additional 8,905 shares during the last quarter. 22.25% of the stock is currently owned by institutional investors and hedge funds.

Bitdeer Technologies Group Stock Performance

NASDAQ:BTDR opened at $7.70 on Friday. Bitdeer Technologies Group has a 52 week low of $6.84 and a 52 week high of $27.80. The company has a fifty day simple moving average of $11.79 and a two-hundred day simple moving average of $14.46. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 0.28. The company has a market cap of $1.63 billion, a price-to-earnings ratio of -2.45 and a beta of 2.33.

Bitdeer Technologies Group (NASDAQ:BTDR) last announced its quarterly earnings data on Thursday, February 12th. The company reported ($0.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.59). Bitdeer Technologies Group had a net margin of 10.58% and a return on equity of 8.92%. The company had revenue of $224.84 million during the quarter, compared to analyst estimates of $208.25 million. The company’s quarterly revenue was up 225.8% compared to the same quarter last year. As a group, equities analysts anticipate that Bitdeer Technologies Group will post -0.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. B. Riley Financial dropped their price target on shares of Bitdeer Technologies Group from $32.00 to $29.00 and set a “buy” rating for the company in a research report on Wednesday, November 12th. HC Wainwright dropped 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 report on Thursday, February 12th. UBS Group reissued a “buy” rating on shares of Bitdeer Technologies Group in a research report on Thursday, February 12th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $14.00 price target (down from $26.50) on shares of Bitdeer Technologies Group in a research report on Tuesday, January 27th. Finally, Cantor Fitzgerald cut their price objective on Bitdeer Technologies Group to $34.00 and set an “overweight” rating on the stock in a report on Tuesday, December 16th. Ten research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $26.60.

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.