Y Intercept Hong Kong Ltd Has $4.65 Million Holdings in Bitdeer Technologies Group $BTDR

Y Intercept Hong Kong Ltd grew its stake in Bitdeer Technologies Group (NASDAQ:BTDR) by 2,332.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 272,313 shares of the company’s stock after acquiring an additional 261,118 shares during the period. Y Intercept Hong Kong Ltd owned 0.13% of Bitdeer Technologies Group worth $4,654,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Advisors Asset Management Inc. increased its holdings in shares of Bitdeer Technologies Group by 68.4% in the second quarter. Advisors Asset Management Inc. now owns 2,570 shares of the company’s stock valued at $30,000 after purchasing an additional 1,044 shares in the last quarter. Amalgamated Bank acquired a new position in Bitdeer Technologies Group during the 2nd quarter worth $35,000. Tower Research Capital LLC TRC boosted its position in Bitdeer Technologies Group by 7,157.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,257 shares of the company’s stock valued at $83,000 after buying an additional 7,157 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in Bitdeer Technologies Group in the 2nd quarter valued at $105,000. Finally, Entropy Technologies LP acquired a new stake in shares of Bitdeer Technologies Group in the 2nd quarter valued at $131,000. 22.25% of the stock is currently owned by institutional investors and hedge funds.

Bitdeer Technologies Group Trading Up 3.5%

NASDAQ:BTDR opened at $14.53 on Monday. Bitdeer Technologies Group has a 1-year low of $6.84 and a 1-year high of $27.80. The business’s 50-day moving average price is $12.01 and its two-hundred day moving average price is $14.91. The company has a current ratio of 0.90, a quick ratio of 0.74 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of -2.58 and a beta of 2.33.

Bitdeer Technologies Group (NASDAQ:BTDR) last posted its earnings results on Monday, November 10th. The company reported ($1.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($1.06). The company had revenue of $169.71 million for the quarter, compared to analyst estimates of $151.80 million. Bitdeer Technologies Group had a negative return on equity of 91.31% and a negative net margin of 115.59%.Bitdeer Technologies Group’s quarterly revenue was up 173.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.35) earnings per share. On average, equities analysts expect that Bitdeer Technologies Group will post -0.73 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BTDR. Rosenblatt Securities set a $5.90 price target on Bitdeer Technologies Group in a research note on Wednesday, January 14th. Roth Mkm reissued a “buy” rating and set a $40.00 price objective on shares of Bitdeer Technologies Group in a report on Wednesday, October 15th. HC Wainwright cut their target price on shares of Bitdeer Technologies Group from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, November 11th. Needham & Company LLC raised their target price on shares of Bitdeer Technologies Group from $17.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Finally, BTIG Research reiterated a “buy” rating on shares of Bitdeer Technologies Group in a research report on Friday, January 16th. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.64.

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.