1 week Ago By ABMN Staff
Bank of Montreal Can bought a new position in shares of Bit Digital, Inc. ( NASDAQ:BTBT – Free Report ) during the fourth quarter, HoldingsChannel reports. The firm bought 14,534 shares of the company’s stock, valued at approximately $43,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BTBT. OLD Mission Capital LLC acquired a new stake in shares of Bit Digital during the 4th quarter worth approximately $31,000. Cibc World Markets Corp bought a new position in Bit Digital in the fourth quarter worth $33,000.
Wedbush Securities Inc. acquired a new stake in Bit Digital during the fourth quarter worth $37,000. Stifel Financial Corp bought a new stake in Bit Digital in the 3rd quarter valued at $38,000.
Finally, Orion Portfolio Solutions LLC acquired a new position in shares of Bit Digital in the 4th quarter valued at $38,000. 47.70% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades BTBT has been the topic of several recent research reports. HC Wainwright reiterated a “buy” rating and set a $7.00 target price on shares of Bit Digital in a research report on Monday, April 21st.
Craig Hallum began coverage on Bit Digital in a report on Tuesday, January 21st. They set a “buy” rating and a $6.00 price objective on the stock.
Bit Digital Stock Performance Shares of NASDAQ BTBT opened at $2.09 on Friday. The business has a fifty day moving average of $2.
20 and a two-hundred day moving average of $3.21. Bit Digital, Inc.
has a 52-week low of $1.69 and a 52-week high of $5.74.
The stock has a market cap of $381.96 million, a PE ratio of 34.83 and a beta of 6.
05. Bit Digital ( NASDAQ:BTBT – Get Free Report ) last released its quarterly earnings results on Friday, March 14th. The company reported ($0.
11) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.07).
The firm had revenue of $26.10 million during the quarter, compared to analyst estimates of $25.06 million.
Bit Digital had a negative net margin of 2.75% and a negative return on equity of 5.69%.
During the same quarter last year, the firm earned ($0.16) earnings per share. Analysts predict that Bit Digital, Inc.
will post -0.2 earnings per share for the current year. Bit Digital Company Profile ( Free Report ) Bit Digital, Inc, together with its subsidiaries, engages in the bitcoin mining business.
It is also involved in the treasury management activities; and digital asset staking and digital asset mining businesses, as well as ethereum staking activities. In addition, it provides specialized cloud-infrastructure services for artificial intelligence applications. Read More Want to see what other hedge funds are holding BTBT? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Bit Digital, Inc. ( NASDAQ:BTBT – Free Report ). Receive News & Ratings for Bit Digital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bit Digital and related companies with MarketBeat.
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