1 week Ago By Defense World Staff
Bank of Montreal Can purchased a new stake in shares of Bit Digital, Inc. ( NASDAQ:BTBT – Free Report ) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 14,534 shares of the company’s stock, valued at approximately $43,000.
Several other large investors have also made changes to their positions in the company. Stifel Financial Corp acquired a new stake in Bit Digital in the third quarter valued at approximately $38,000. SG Americas Securities LLC lifted its stake in shares of Bit Digital by 427.
6% in the 4th quarter. SG Americas Securities LLC now owns 219,520 shares of the company’s stock valued at $643,000 after purchasing an additional 177,911 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Bit Digital by 1.
8% in the third quarter. Geode Capital Management LLC now owns 2,425,057 shares of the company’s stock worth $8,512,000 after purchasing an additional 42,375 shares in the last quarter. Barclays PLC increased its position in Bit Digital by 81.
4% during the third quarter. Barclays PLC now owns 235,106 shares of the company’s stock worth $826,000 after buying an additional 105,484 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in Bit Digital during the fourth quarter valued at about $378,000.
Institutional investors own 47.70% of the company’s stock. Analysts Set New Price Targets BTBT has been the topic of a number of analyst reports.
HC Wainwright reissued a “buy” rating and set a $7.00 price objective on shares of Bit Digital in a report on Monday, April 21st. Craig Hallum initiated coverage on Bit Digital in a report on Tuesday, January 21st.
They set a “buy” rating and a $6.00 price target on the stock. Bit Digital Price Performance BTBT stock opened at $2.
09 on Friday. The stock has a market capitalization of $381.96 million, a price-to-earnings ratio of 34.
83 and a beta of 6.05. The company has a 50-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.
Bit Digital ( NASDAQ:BTBT – Get Free Report ) last announced its earnings results on Friday, March 14th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.
04) by ($0.07). Bit Digital had a negative net margin of 2.
75% and a negative return on equity of 5.69%. The business had revenue of $26.
10 million for the quarter, compared to the consensus estimate of $25.06 million. During the same quarter in the previous year, the company earned ($0.
16) EPS. Equities analysts expect that Bit Digital, Inc. will post -0.
2 EPS for the current fiscal year. About Bit Digital ( 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 Five stocks we like better than Bit Digital Consumer Discretionary Stocks Explained Markets Think Robinhood Earnings Could Send the Stock Up The Most Important Warren Buffett Stock for Investors: His Own Churchill Downs Stock: Could Tariff Fears Dampen Derby Gains? How to Use Stock Screeners to Find Stocks AT&T: Subscriber Growth & Buybacks Signal Bullish Turnaround 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.com's FREE daily email newsletter .
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