Teacher Retirement System of Texas Buys Shares of 15,278 Bitdeer Technologies Group (NASDAQ:BTDR)

Teacher Retirement System of Texas acquired a new position in Bitdeer Technologies Group (NASDAQ:BTDR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,278 shares of the company’s stock, valued at approximately $331,000.

A number of other large investors also recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC acquired a new stake in shares of Bitdeer Technologies Group in the fourth quarter valued at $65,000. SBI Securities Co. Ltd. purchased a new stake in Bitdeer Technologies Group in the fourth quarter valued at approximately $79,000. Public Employees Retirement System of Ohio acquired a new stake in Bitdeer Technologies Group during the 3rd quarter worth $66,000. Valliance Asset Management Ltd acquired a new stake in shares of Bitdeer Technologies Group during the fourth quarter worth about $217,000. Finally, Centiva Capital LP acquired a new stake in Bitdeer Technologies Group during the 3rd quarter worth approximately $91,000. 22.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. HC Wainwright restated a “buy” rating and issued a $21.00 price target (down from $22.00) on shares of Bitdeer Technologies Group in a research note on Wednesday, February 26th. Needham & Company LLC reduced their target price on Bitdeer Technologies Group from $18.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, March 19th. Northland Securities raised their price target on shares of Bitdeer Technologies Group from $20.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. B. Riley increased their target price on Bitdeer Technologies Group from $15.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, Rosenblatt Securities lowered their price objective on shares of Bitdeer Technologies Group from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Monday, March 17th. 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. According to MarketBeat.com, Bitdeer Technologies Group has a consensus rating of “Buy” and a consensus target price of $21.00.

Bitdeer Technologies Group Stock Up 1.5 %

Shares of NASDAQ:BTDR opened at $8.96 on Wednesday. Bitdeer Technologies Group has a 12-month low of $5.23 and a 12-month high of $26.99. The firm has a market capitalization of $1.00 billion, a P/E ratio of -17.23 and a beta of 2.12. The firm has a fifty day moving average of $13.43 and a two-hundred day moving average of $13.48.

About Bitdeer Technologies Group

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.