Y Intercept Hong Kong Ltd Raises Holdings in Bitdeer Technologies Group (NASDAQ:BTDR)

Y Intercept Hong Kong Ltd increased its position in Bitdeer Technologies Group (NASDAQ:BTDR) by 96.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 44,328 shares of the company’s stock after acquiring an additional 21,798 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Bitdeer Technologies Group were worth $347,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BTDR. Charles Schwab Investment Management Inc. boosted its position in Bitdeer Technologies Group by 281.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 246,834 shares of the company’s stock worth $1,933,000 after purchasing an additional 182,110 shares during the period. Millennium Management LLC boosted its holdings in Bitdeer Technologies Group by 901.0% in the 2nd quarter. Millennium Management LLC now owns 410,359 shares of the company’s stock worth $4,210,000 after buying an additional 369,363 shares during the period. Mirabella Financial Services LLP bought a new position in Bitdeer Technologies Group in the 3rd quarter worth approximately $5,872,000. Quadrature Capital Ltd purchased a new position in Bitdeer Technologies Group in the 3rd quarter valued at approximately $285,000. Finally, Point72 Hong Kong Ltd bought a new stake in Bitdeer Technologies Group during the 2nd quarter valued at $4,510,000. 22.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. HC Wainwright raised their price target on Bitdeer Technologies Group from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Roth Mkm lifted their target price on Bitdeer Technologies Group from $15.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday. Needham & Company LLC reiterated a “buy” rating and set a $14.00 price target on shares of Bitdeer Technologies Group in a research report on Tuesday, November 19th. Rosenblatt Securities raised their price objective on shares of Bitdeer Technologies Group from $17.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, Northland Securities upped their target price on shares of Bitdeer Technologies Group from $14.00 to $20.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Ten research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $18.60.

Bitdeer Technologies Group Price Performance

BTDR stock opened at $21.22 on Wednesday. The firm has a 50 day simple moving average of $11.79 and a two-hundred day simple moving average of $9.54. The stock has a market cap of $2.38 billion, a PE ratio of -40.81 and a beta of 2.27. Bitdeer Technologies Group has a one year low of $5.23 and a one year high of $25.51.

Bitdeer Technologies Group Company Profile

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.