Harvest Portfolios Group Inc. Buys 73,275 Shares of Bitdeer Technologies Group $BTDR

Harvest Portfolios Group Inc. grew its stake in shares of Bitdeer Technologies Group (NASDAQ:BTDR) by 113.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 137,744 shares of the company’s stock after purchasing an additional 73,275 shares during the period. Harvest Portfolios Group Inc.’s holdings in Bitdeer Technologies Group were worth $2,354,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Advisors Asset Management Inc. raised its stake in Bitdeer Technologies Group by 68.4% in the second quarter. Advisors Asset Management Inc. now owns 2,570 shares of the company’s stock worth $30,000 after buying an additional 1,044 shares in the last quarter. Amalgamated Bank purchased a new position in shares of Bitdeer Technologies Group in the 2nd quarter valued at approximately $35,000. Tower Research Capital LLC TRC boosted its position in shares of Bitdeer Technologies Group by 7,157.0% during the second quarter. Tower Research Capital LLC TRC now owns 7,257 shares of the company’s stock valued at $83,000 after purchasing an additional 7,157 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in Bitdeer Technologies Group in the second quarter worth $105,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Bitdeer Technologies Group in the third quarter worth $159,000. Hedge funds and other institutional investors own 22.25% of the company’s stock.

Bitdeer Technologies Group Price Performance

Shares of BTDR opened at $7.70 on Friday. The firm has a fifty day simple moving average of $11.79 and a two-hundred day simple moving average of $14.47. The firm has a market cap of $1.63 billion, a PE ratio of -2.45 and a beta of 2.33. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 0.28. Bitdeer Technologies Group has a 1-year low of $6.84 and a 1-year high of $27.80.

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

Analysts Set New Price Targets

A number of analysts have recently commented on BTDR shares. B. Riley Financial dropped their target price on shares of Bitdeer Technologies Group from $32.00 to $29.00 and set a “buy” rating on the stock in a report on Wednesday, November 12th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $14.00 price objective (down from $26.50) on shares of Bitdeer Technologies Group in a research note on Tuesday, January 27th. Rosenblatt Securities cut their price objective on shares of Bitdeer Technologies Group from $30.00 to $18.00 and set a “buy” rating on the stock in a report on Monday, February 9th. Benchmark decreased their target price on shares of Bitdeer Technologies Group from $38.00 to $27.00 and set a “buy” rating for the company in a research note on Tuesday, February 10th. Finally, Needham & Company LLC lowered their target price on shares of Bitdeer Technologies Group from $30.00 to $22.00 and set a “buy” rating for the company in a report on Friday, February 13th. Ten investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $26.60.

About Bitdeer Technologies Group

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.