Mirae Asset Global Investments Co. Ltd. Increases Holdings in Bitdeer Technologies Group (NASDAQ:BTDR)

Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Bitdeer Technologies Group (NASDAQ:BTDR) by 149.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,901 shares of the company’s stock after buying an additional 23,310 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Bitdeer Technologies Group were worth $384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of BTDR. Barclays PLC purchased a new stake in Bitdeer Technologies Group during the 3rd quarter worth about $49,000. Swiss National Bank purchased a new stake in shares of Bitdeer Technologies Group in the 3rd quarter valued at about $604,000. EDBI Pte Ltd purchased a new stake in shares of Bitdeer Technologies Group in the 3rd quarter valued at about $3,444,000. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of Bitdeer Technologies Group by 83.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 533,975 shares of the company’s stock valued at $5,265,000 after purchasing an additional 243,245 shares during the last quarter. 22.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BTDR has been the subject of several research reports. Rosenblatt Securities initiated coverage on Bitdeer Technologies Group in a report on Tuesday, April 9th. They issued a “buy” rating and a $10.50 target price for the company. BTIG Research assumed coverage on Bitdeer Technologies Group in a research note on Wednesday, March 13th. They set a “buy” rating and a $15.00 price objective for the company. Roth Mkm assumed coverage on Bitdeer Technologies Group in a research note on Thursday, February 29th. They set a “buy” rating and a $14.00 price objective for the company. Needham & Company LLC assumed coverage on Bitdeer Technologies Group in a research note on Monday, April 15th. They set a “buy” rating and a $14.00 price objective for the company. Finally, Benchmark reaffirmed a “buy” rating and set a $13.00 price objective on shares of Bitdeer Technologies Group in a research note on Monday, April 15th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, Bitdeer Technologies Group currently has an average rating of “Buy” and an average target price of $13.64.

Bitdeer Technologies Group Trading Down 1.7 %

NASDAQ BTDR opened at $6.35 on Friday. The stock has a market capitalization of $710.98 million, a price-to-earnings ratio of -15.12 and a beta of 1.70. The business’s 50 day moving average is $6.82 and its two-hundred day moving average is $6.46. Bitdeer Technologies Group has a 12-month low of $2.77 and a 12-month high of $14.65.

Bitdeer Technologies Group (NASDAQ:BTDR) last released its quarterly earnings data on Thursday, March 28th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.15). Bitdeer Technologies Group had a negative return on equity of 7.34% and a negative net margin of 15.37%. The business had revenue of $114.85 million during the quarter. Equities analysts forecast that Bitdeer Technologies Group will post -0.07 earnings per share for the current fiscal year.

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.