Azora Capital LP Sells 611,585 Shares of Bitdeer Technologies Group $BTDR

Azora Capital LP decreased its holdings in shares of Bitdeer Technologies Group (NASDAQ:BTDR) by 43.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 782,038 shares of the company’s stock after selling 611,585 shares during the quarter. Azora Capital LP owned about 0.37% of Bitdeer Technologies Group worth $8,767,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Empowered Funds LLC bought a new stake in Bitdeer Technologies Group during the 4th quarter valued at $34,000. Kestra Advisory Services LLC bought a new stake in Bitdeer Technologies Group during the 4th quarter valued at $39,000. Tower Research Capital LLC TRC increased its holdings in shares of Bitdeer Technologies Group by 7,157.0% in the second quarter. Tower Research Capital LLC TRC now owns 7,257 shares of the company’s stock worth $83,000 after purchasing an additional 7,157 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Bitdeer Technologies Group in the third quarter worth $159,000. Finally, Mariner LLC bought a new position in shares of Bitdeer Technologies Group in the fourth quarter worth $117,000. Institutional investors own 22.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Wall Street Zen cut shares of Bitdeer Technologies Group from a “sell” rating to a “strong sell” rating in a report on Saturday, May 2nd. Cantor Fitzgerald upped their price target on shares of Bitdeer Technologies Group from $11.00 to $15.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Bitdeer Technologies Group in a report on Wednesday, May 20th. Needham & Company LLC upped their price target on shares of Bitdeer Technologies Group from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, Zacks Research raised shares of Bitdeer Technologies Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Bitdeer Technologies Group has a consensus rating of “Moderate Buy” and an average price target of $24.50.

Bitdeer Technologies Group Stock Down 1.8%

Shares of NASDAQ:BTDR opened at $17.92 on Thursday. Bitdeer Technologies Group has a 52-week low of $6.92 and a 52-week high of $27.80. The firm has a fifty day moving average of $14.34 and a 200 day moving average of $12.02. The firm has a market capitalization of $4.22 billion, a PE ratio of -5.19 and a beta of 2.45. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.11 and a current ratio of 1.85.

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