State Street Corp Buys Shares of 192,882 Bitdeer Technologies Group (NASDAQ:BTDR)

State Street Corp bought a new position in Bitdeer Technologies Group (NASDAQ:BTDR) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 192,882 shares of the company’s stock, valued at approximately $1,510,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Quadrature Capital Ltd acquired a new stake in shares of Bitdeer Technologies Group during the third quarter worth about $285,000. Centiva Capital LP acquired a new position in shares of Bitdeer Technologies Group in the 3rd quarter valued at approximately $91,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Bitdeer Technologies Group during the 3rd quarter worth approximately $220,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Bitdeer Technologies Group during the 3rd quarter worth approximately $169,000. Finally, Mirabella Financial Services LLP acquired a new stake in Bitdeer Technologies Group during the 3rd quarter worth approximately $5,872,000. 22.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BTDR. Benchmark increased their price objective on shares of Bitdeer Technologies Group from $16.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Rosenblatt Securities increased their target price on Bitdeer Technologies Group from $17.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Needham & Company LLC reissued a “buy” rating and issued a $14.00 price target on shares of Bitdeer Technologies Group in a research note on Tuesday, November 19th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $13.00 price objective on shares of Bitdeer Technologies Group in a research report on Thursday, October 3rd. Finally, Alliance Global Partners initiated coverage on Bitdeer Technologies Group in a research report on Tuesday, October 8th. They issued a “buy” rating and a $14.00 target price on the stock. Ten research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Bitdeer Technologies Group currently has an average rating of “Buy” and a consensus target price of $19.80.

Bitdeer Technologies Group Stock Performance

BTDR opened at $22.87 on Friday. The business’s 50-day simple moving average is $14.85 and its 200 day simple moving average is $10.60. Bitdeer Technologies Group has a 52-week low of $5.23 and a 52-week high of $26.24. The firm has a market capitalization of $2.56 billion, a PE ratio of -43.98 and a beta of 2.27.

Bitdeer Technologies Group 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.