Zurcher Kantonalbank Zurich Cantonalbank Makes New Investment in Bitdeer Technologies Group (NASDAQ:BTDR)

Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Bitdeer Technologies Group (NASDAQ:BTDR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 21,626 shares of the company’s stock, valued at approximately $169,000.

A number of other large investors have also recently made changes to their positions in the company. Central Asset Investments & Management Holdings HK Ltd purchased a new stake in Bitdeer Technologies Group in the second quarter valued at approximately $272,000. XTX Topco Ltd acquired a new position in shares of Bitdeer Technologies Group in the 2nd quarter valued at $276,000. Symmetry Investments LP purchased a new stake in Bitdeer Technologies Group in the 2nd quarter valued at $432,000. Thomist Capital Management LP acquired a new stake in Bitdeer Technologies Group during the 2nd quarter worth $1,156,000. Finally, Shariaportfolio Inc. purchased a new position in Bitdeer Technologies Group during the 3rd quarter worth $1,039,000. 22.25% of the stock is owned by institutional investors and hedge funds.

Bitdeer Technologies Group Stock Performance

Shares of NASDAQ BTDR opened at $20.63 on Tuesday. The company’s fifty day moving average is $9.87 and its two-hundred day moving average is $8.81. The firm has a market capitalization of $2.31 billion, a P/E ratio of -39.92 and a beta of 2.26. Bitdeer Technologies Group has a one year low of $5.23 and a one year high of $22.86.

Analyst Upgrades and Downgrades

BTDR has been the subject of a number of research reports. HC Wainwright upped their target price on shares of Bitdeer Technologies Group from $17.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Northland Capmk upgraded Bitdeer Technologies Group to a “strong-buy” rating in a research note on Wednesday, October 9th. Northland Securities boosted their target price on Bitdeer Technologies Group from $14.00 to $20.00 and gave the company an “outperform” rating in a report on Friday. B. Riley decreased their price target on Bitdeer Technologies Group from $14.00 to $12.00 and set a “buy” rating for the company in a report on Friday, October 11th. Finally, Benchmark boosted their price objective on shares of Bitdeer Technologies Group from $16.00 to $29.00 and gave the company a “buy” rating in a research note on Monday. Ten investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $17.20.

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.