UBS Group AG Purchases 52,808 Shares of Bitdeer Technologies Group $BTDR

UBS Group AG lifted its holdings in shares of Bitdeer Technologies Group (NASDAQ:BTDR) by 2.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,246,381 shares of the company’s stock after acquiring an additional 52,808 shares during the quarter. UBS Group AG owned 1.06% of Bitdeer Technologies Group worth $25,182,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the company. First Trust Advisors LP increased its position in Bitdeer Technologies Group by 2.2% in the third quarter. First Trust Advisors LP now owns 40,138 shares of the company’s stock worth $686,000 after buying an additional 878 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Bitdeer Technologies Group by 5.6% in the third quarter. Public Employees Retirement System of Ohio now owns 20,800 shares of the company’s stock valued at $355,000 after purchasing an additional 1,100 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of Bitdeer Technologies Group by 1.3% in the third quarter. Alliancebernstein L.P. now owns 104,787 shares of the company’s stock valued at $1,791,000 after purchasing an additional 1,307 shares in the last quarter. KLP Kapitalforvaltning AS grew its position in shares of Bitdeer Technologies Group by 26.3% in the third quarter. KLP Kapitalforvaltning AS now owns 21,100 shares of the company’s stock valued at $361,000 after purchasing an additional 4,400 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in Bitdeer Technologies Group by 9.7% during the third quarter. Teacher Retirement System of Texas now owns 54,625 shares of the company’s stock valued at $934,000 after buying an additional 4,830 shares during the period. 22.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BTDR. Weiss Ratings reissued a “sell (d-)” rating on shares of Bitdeer Technologies Group in a research note on Monday, April 20th. Zacks Research lowered Bitdeer Technologies Group from a “hold” rating to a “strong sell” rating in a research note on Monday, March 16th. HC Wainwright dropped their price objective on Bitdeer Technologies Group from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, February 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. Finally, Rosenblatt Securities reissued a “buy” rating and set a $18.00 price objective on shares of Bitdeer Technologies Group in a research note on Wednesday, March 18th. Nine analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Bitdeer Technologies Group has a consensus rating of “Moderate Buy” and an average target price of $24.20.

Bitdeer Technologies Group Stock Performance

Shares of BTDR stock opened at $13.47 on Monday. The firm has a market cap of $3.17 billion, a P/E ratio of -4.29 and a beta of 2.32. The business has a 50-day moving average price of $9.80 and a two-hundred day moving average price of $12.32. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 0.28. Bitdeer Technologies Group has a 12-month low of $6.92 and a 12-month high of $27.80.

Bitdeer Technologies Group (NASDAQ:BTDR) last announced 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 net margin of 10.58% and a return on equity of 8.92%. The business had revenue of $224.84 million for the quarter, compared to analysts’ expectations of $208.25 million. The business’s revenue was up 225.8% on a year-over-year basis. Equities analysts anticipate that Bitdeer Technologies Group will post -1.06 EPS for the current fiscal year.

Bitdeer Technologies Group 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.