Van ECK Associates Corp Has $14.47 Million Stock Holdings in Bitdeer Technologies Group $BTDR

Van ECK Associates Corp trimmed its position in Bitdeer Technologies Group (NASDAQ:BTDR) by 60.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 846,707 shares of the company’s stock after selling 1,296,282 shares during the quarter. Van ECK Associates Corp owned approximately 0.40% of Bitdeer Technologies Group worth $14,470,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Bank of America Corp DE increased its position in Bitdeer Technologies Group by 67.5% during the second quarter. Bank of America Corp DE now owns 6,337,339 shares of the company’s stock worth $72,753,000 after buying an additional 2,553,093 shares during the last quarter. Geode Capital Management LLC raised its stake in Bitdeer Technologies Group by 197.7% in the second quarter. Geode Capital Management LLC now owns 1,592,504 shares of the company’s stock valued at $18,280,000 after buying an additional 1,057,552 shares during the period. Vident Advisory LLC lifted its position in shares of Bitdeer Technologies Group by 13.2% in the second quarter. Vident Advisory LLC now owns 775,776 shares of the company’s stock valued at $8,906,000 after buying an additional 90,762 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Bitdeer Technologies Group by 5,771.3% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 757,864 shares of the company’s stock worth $8,700,000 after acquiring an additional 744,956 shares during the period. Finally, Shaolin Capital Management LLC boosted its stake in shares of Bitdeer Technologies Group by 45.8% during the 2nd quarter. Shaolin Capital Management LLC now owns 649,667 shares of the company’s stock worth $7,458,000 after acquiring an additional 204,167 shares during the period. 22.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on BTDR. Cantor Fitzgerald dropped their price target on Bitdeer Technologies Group to $34.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 16th. Needham & Company LLC reduced their price objective on shares of Bitdeer Technologies Group from $30.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Bitdeer Technologies Group in a report on Wednesday, January 21st. Keefe, Bruyette & Woods restated a “market perform” rating and set a $14.00 target price (down from $26.50) on shares of Bitdeer Technologies Group in a research note on Tuesday, January 27th. Finally, BTIG Research reaffirmed a “buy” rating on shares of Bitdeer Technologies Group in a report on Friday, January 16th. Ten research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $26.60.

Bitdeer Technologies Group Stock Performance

NASDAQ:BTDR traded up $0.51 during mid-day trading on Friday, hitting $7.85. 1,760,842 shares of the stock were exchanged, compared to its average volume of 7,786,836. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of -2.50 and a beta of 2.40. The firm’s 50-day simple moving average is $11.15 and its 200 day simple moving average is $14.10. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.75 and a current ratio of 0.91. Bitdeer Technologies Group has a fifty-two week low of $6.84 and a fifty-two week high of $27.80.

Bitdeer Technologies Group (NASDAQ:BTDR) last issued its quarterly earnings data on Thursday, February 12th. The company reported ($0.73) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.59). The firm had revenue of $224.84 million during the quarter, compared to analyst estimates of $208.25 million. Bitdeer Technologies Group had a net margin of 10.58% and a return on equity of 8.92%. The firm’s revenue for the quarter was up 225.8% on a year-over-year basis. As a group, equities analysts anticipate that Bitdeer Technologies Group will post -0.73 EPS for the current fiscal year.

About Bitdeer Technologies Group

Bitdeer Technologies Group Inc (NASDAQ:BTDR) is a global digital asset mining and computing services provider focused on delivering secure and efficient hashrate solutions to institutional and retail customers. The company leverages its proprietary mining platform to offer hosted mining, hashrate sales and management services, enabling clients to access large-scale mining operations without direct investment in hardware or infrastructure.

Bitdeer’s core offerings include mining hosting services, whereby the firm installs, operates and maintains specialized mining equipment on behalf of customers, and hashrate-as-a-service products that provide fixed-capacity mining power with transparent pricing structures.