Vima LLC Grows Stake in Bit Digital, Inc. (NASDAQ:BTBT)

Vima LLC grew its position in Bit Digital, Inc. (NASDAQ:BTBT) by 26.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 89,469 shares of the company’s stock after purchasing an additional 18,748 shares during the quarter. Vima LLC owned about 0.11% of Bit Digital worth $314,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Creative Planning acquired a new stake in shares of Bit Digital during the third quarter worth $37,000. Bleakley Financial Group LLC acquired a new stake in shares of Bit Digital during the first quarter worth $33,000. Thoroughbred Financial Services LLC acquired a new stake in shares of Bit Digital during the second quarter worth $38,000. Victory Capital Management Inc. lifted its position in Bit Digital by 39.3% during the second quarter. Victory Capital Management Inc. now owns 15,522 shares of the company’s stock valued at $49,000 after purchasing an additional 4,380 shares during the period. Finally, Sei Investments Co. acquired a new position in Bit Digital during the second quarter valued at $51,000. 47.70% of the stock is owned by hedge funds and other institutional investors.

Bit Digital Price Performance

NASDAQ BTBT traded up $0.23 during trading hours on Monday, hitting $4.16. 9,702,538 shares of the company’s stock traded hands, compared to its average volume of 9,084,379. Bit Digital, Inc. has a 52-week low of $1.76 and a 52-week high of $5.27. The company has a market capitalization of $343.13 million, a PE ratio of 14.20 and a beta of 4.79. The firm’s 50-day moving average is $3.32 and its 200-day moving average is $3.00.

Bit Digital (NASDAQ:BTBT) last announced its quarterly earnings results on Monday, August 19th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.02. The business had revenue of $28.95 million during the quarter, compared to the consensus estimate of $26.63 million. Bit Digital had a net margin of 33.30% and a negative return on equity of 1.48%. Equities research analysts predict that Bit Digital, Inc. will post -0.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BTBT has been the subject of a number of research reports. B. Riley began coverage on shares of Bit Digital in a research report on Thursday. They set a “buy” rating and a $6.00 target price for the company. HC Wainwright upped their price objective on shares of Bit Digital from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th.

About Bit Digital

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.