Centiva Capital LP Purchases New Position in Bitdeer Technologies Group (NASDAQ:BTDR)

Centiva Capital LP acquired a new position in Bitdeer Technologies Group (NASDAQ:BTDR) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 11,589 shares of the company’s stock, valued at approximately $91,000.

Other hedge funds have also bought and sold shares of the company. Central Asset Investments & Management Holdings HK Ltd purchased a new stake in shares of Bitdeer Technologies Group during the second quarter worth $272,000. Thomist Capital Management LP purchased a new stake in Bitdeer Technologies Group during the 2nd quarter worth about $1,156,000. XTX Topco Ltd bought a new position in Bitdeer Technologies Group in the 2nd quarter worth about $276,000. Symmetry Investments LP purchased a new position in Bitdeer Technologies Group during the 2nd quarter valued at about $432,000. Finally, D1 Capital Partners L.P. bought a new stake in shares of Bitdeer Technologies Group during the second quarter valued at about $5,386,000. 22.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BTDR. HC Wainwright raised their price objective on shares of Bitdeer Technologies Group from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Roth Mkm raised their price target on shares of Bitdeer Technologies Group from $14.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Alliance Global Partners started coverage on shares of Bitdeer Technologies Group in a research report on Tuesday, October 8th. They set a “buy” rating and a $14.00 price target for the company. Northland Capmk upgraded Bitdeer Technologies Group to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, Needham & Company LLC restated a “buy” rating and set a $14.00 target price on shares of Bitdeer Technologies Group in a research report on Tuesday, November 19th. Ten analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $17.20.

Bitdeer Technologies Group Price Performance

NASDAQ:BTDR opened at $20.92 on Friday. Bitdeer Technologies Group has a 1-year low of $5.23 and a 1-year high of $24.68. The business has a 50 day moving average of $11.19 and a 200 day moving average of $9.27. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of -40.23 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.