Exchange Traded Concepts LLC Sells 105,360 Shares of Bitdeer Technologies Group (NASDAQ:BTDR)

Exchange Traded Concepts LLC reduced its holdings in Bitdeer Technologies Group (NASDAQ:BTDR) by 32.5% in the fourth quarter, HoldingsChannel reports. The firm owned 218,555 shares of the company’s stock after selling 105,360 shares during the period. Exchange Traded Concepts LLC’s holdings in Bitdeer Technologies Group were worth $4,736,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio bought a new stake in shares of Bitdeer Technologies Group in the 3rd quarter valued at $66,000. Centiva Capital LP bought a new stake in Bitdeer Technologies Group in the third quarter valued at $91,000. Barclays PLC acquired a new position in shares of Bitdeer Technologies Group during the third quarter valued at about $161,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Bitdeer Technologies Group during the 3rd quarter worth about $169,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Bitdeer Technologies Group in the 3rd quarter valued at about $220,000. 22.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on BTDR shares. B. Riley increased their price target on Bitdeer Technologies Group from $15.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Needham & Company LLC lifted their price target on shares of Bitdeer Technologies Group from $14.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, January 13th. HC Wainwright boosted their price target on shares of Bitdeer Technologies Group from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Roth Mkm lifted their price objective on shares of Bitdeer Technologies Group from $15.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $13.00 target price on shares of Bitdeer Technologies Group in a research report on Thursday, October 3rd. Ten research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $21.00.

Bitdeer Technologies Group Stock Performance

Shares of BTDR stock opened at $20.66 on Friday. Bitdeer Technologies Group has a 52-week low of $5.23 and a 52-week high of $26.99. The company has a 50-day simple moving average of $18.59 and a two-hundred day simple moving average of $11.76. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of -39.73 and a beta of 2.09.

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.