Voya Investment Management LLC Purchases 103,730 Shares of Bitdeer Technologies Group $BTDR

by · The Cerbat Gem

Voya Investment Management LLC raised its position in Bitdeer Technologies Group (NASDAQ:BTDR – Free Report) by 421.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,331 shares of the company’s stock after buying an additional 103,730 shares during the quarter. Voya Investment Management LLC owned 0.06% of Bitdeer Technologies Group worth $2,193,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in 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 acquiring an additional 2,553,093 shares during the period. Geode Capital Management LLC grew its position in shares of Bitdeer Technologies Group by 197.7% during the 2nd quarter. Geode Capital Management LLC now owns 1,592,504 shares of the company’s stock worth $18,280,000 after purchasing an additional 1,057,552 shares in the last quarter. Vident Advisory LLC increased its holdings in shares of Bitdeer Technologies Group by 13.2% during the second quarter. Vident Advisory LLC now owns 775,776 shares of the company’s stock worth $8,906,000 after purchasing an additional 90,762 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Bitdeer Technologies Group by 5,771.3% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 757,864 shares of the company’s stock worth $8,700,000 after purchasing an additional 744,956 shares during the period. Finally, Shaolin Capital Management LLC raised its position in shares of Bitdeer Technologies Group by 45.8% in the second quarter. Shaolin Capital Management LLC now owns 649,667 shares of the company’s stock valued at $7,458,000 after buying an additional 204,167 shares in the last quarter. Institutional investors own 22.25% of the company’s stock.

Bitdeer Technologies Group Trading Down 6.5%

Shares of BTDR stock opened at $10.74 on Monday. Bitdeer Technologies Group has a fifty-two week low of $6.84 and a fifty-two week high of $27.80. The stock’s fifty day moving average price is $15.02 and its two-hundred day moving average price is $14.80. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.74 and a current ratio of 0.90. The company has a market cap of $2.27 billion, a PE ratio of -1.91 and a beta of 2.32.

Bitdeer Technologies Group (NASDAQ:BTDR – Get Free Report) last posted its quarterly earnings results on Monday, November 10th. The company reported ($1.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($1.06). The business 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% on a year-over-year basis. During the same period last year, the firm posted ($0.35) EPS. Equities analysts predict that Bitdeer Technologies Group will post -0.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BTDR. Roth Capital reissued a “buy” rating and set a $40.00 price target on shares of Bitdeer Technologies Group in a research report on Wednesday, October 15th. B. Riley cut their target price on Bitdeer Technologies Group from $32.00 to $29.00 and set a “buy” rating for the company in a research report on Wednesday, November 12th. Benchmark reissued a “buy” rating on shares of Bitdeer Technologies Group in a report on Monday, October 20th. Rosenblatt Securities boosted their price target on Bitdeer Technologies Group from $20.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bitdeer Technologies Group in a research report on Wednesday, October 8th. Twelve equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Bitdeer Technologies Group has a consensus rating of “Moderate Buy” and an average price target of $29.00.

View Our Latest Analysis on BTDR

Bitdeer Technologies Group Profile

(Free Report)

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.

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