Situational Awareness LP Grows Stock Holdings in Bitdeer Technologies Group $BTDR

Situational Awareness LP raised its holdings in shares of Bitdeer Technologies Group (NASDAQ:BTDR) by 92.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 3,439,450 shares of the company’s stock after buying an additional 1,651,450 shares during the quarter. Bitdeer Technologies Group comprises 0.2% of Situational Awareness LP’s portfolio, making the stock its 12th largest holding. Situational Awareness LP’s holdings in Bitdeer Technologies Group were worth $29,751,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Empowered Funds LLC purchased a new position in shares of Bitdeer Technologies Group in the 4th quarter worth $34,000. Kestra Advisory Services LLC purchased a new stake in shares of Bitdeer Technologies Group during the 4th quarter valued at about $39,000. Hollencrest Capital Management purchased a new stake in shares of Bitdeer Technologies Group during the 1st quarter valued at about $43,000. Leonteq Securities AG bought a new position in shares of Bitdeer Technologies Group in the 1st quarter valued at about $72,000. Finally, Royal Bank of Canada lifted its holdings in shares of Bitdeer Technologies Group by 80.2% in the 1st quarter. Royal Bank of Canada now owns 9,548 shares of the company’s stock valued at $83,000 after acquiring an additional 4,250 shares during the last quarter. Institutional investors own 22.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on BTDR. Keefe, Bruyette & Woods dropped their price target on Bitdeer Technologies Group from $17.00 to $14.00 and set a “market perform” rating for the company in a research report on Tuesday. Wall Street Zen downgraded Bitdeer Technologies Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 2nd. Needham & Company LLC raised their price objective on Bitdeer Technologies Group from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Cantor Fitzgerald lifted their target price on Bitdeer Technologies Group from $11.00 to $15.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Finally, B. Riley Financial boosted their target price on Bitdeer Technologies Group from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Ten analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Bitdeer Technologies Group has an average rating of “Moderate Buy” and a consensus price target of $25.45.

Bitdeer Technologies Group Trading Down 9.4%

Shares of BTDR opened at $10.28 on Wednesday. The company’s fifty day simple moving average is $15.29 and its 200-day simple moving average is $12.52. The company has a market cap of $2.42 billion, a P/E ratio of -2.98 and a beta of 2.47. The company has a current ratio of 1.85, a quick ratio of 1.11 and a debt-to-equity ratio of 1.88. Bitdeer Technologies Group has a twelve month low of $6.92 and a twelve month high of $27.80.

Bitdeer Technologies Group (NASDAQ:BTDR) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.68) EPS for the quarter, missing analysts’ consensus estimates of ($0.47) by ($0.21). The firm had revenue of $188.93 million for the quarter, compared to analysts’ expectations of $184.02 million. Bitdeer Technologies Group had a negative return on equity of 69.95% and a negative net margin of 68.11%.Bitdeer Technologies Group’s revenue for the quarter was up 169.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.37) earnings per share. As a group, analysts expect that Bitdeer Technologies Group will post -1.18 EPS for the current year.

Bitdeer Technologies Group Company Profile

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.