Harvest Portfolios Group Inc. Sells 9,891 Shares of Bitdeer Technologies Group (NASDAQ:BTDR)

Harvest Portfolios Group Inc. lowered its stake in shares of Bitdeer Technologies Group (NASDAQ:BTDR) by 45.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 11,636 shares of the company’s stock after selling 9,891 shares during the period. Harvest Portfolios Group Inc.’s holdings in Bitdeer Technologies Group were worth $91,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of BTDR. Central Asset Investments & Management Holdings HK Ltd bought a new position in shares of Bitdeer Technologies Group in the 2nd quarter worth approximately $272,000. XTX Topco Ltd purchased a new stake in Bitdeer Technologies Group during the 2nd quarter valued at approximately $276,000. Symmetry Investments LP purchased a new position in shares of Bitdeer Technologies Group in the second quarter valued at $432,000. Virtu Financial LLC purchased a new position in shares of Bitdeer Technologies Group in the first quarter valued at $431,000. Finally, Thomist Capital Management LP purchased a new position in Bitdeer Technologies Group during the second quarter worth $1,156,000. Institutional investors own 22.25% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and set a $14.00 target price on shares of Bitdeer Technologies Group in a research note on Thursday, September 26th. Northland Capmk upgraded shares of Bitdeer Technologies Group to a “strong-buy” rating in a report on Wednesday, October 9th. Rosenblatt Securities restated a “buy” rating and set a $9.00 price objective on shares of Bitdeer Technologies Group in a report on Tuesday, October 8th. Cantor Fitzgerald reissued an “overweight” rating and issued a $13.00 price objective on shares of Bitdeer Technologies Group in a report on Thursday, October 3rd. Finally, HC Wainwright cut their price objective on shares of Bitdeer Technologies Group from $20.00 to $17.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Ten equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Bitdeer Technologies Group currently has a consensus rating of “Buy” and a consensus price target of $13.70.

Bitdeer Technologies Group Stock Up 4.6 %

BTDR opened at $8.90 on Friday. Bitdeer Technologies Group has a fifty-two week low of $3.49 and a fifty-two week high of $14.27. The company has a fifty day moving average of $7.33 and a two-hundred day moving average of $7.76.

Bitdeer Technologies Group (NASDAQ:BTDR) last released its earnings results on Monday, August 12th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.06). The company had revenue of $99.23 million for the quarter, compared to analysts’ expectations of $110.79 million. Bitdeer Technologies Group had a negative return on equity of 2.56% and a negative net margin of 5.69%. Sell-side analysts predict that Bitdeer Technologies Group will post -0.47 earnings per share for the current fiscal year.

Bitdeer Technologies Group Company Profile

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.