Virtu Financial LLC Acquires Shares of 120,975 Bit Digital, Inc. (NASDAQ:BTBT)

Virtu Financial LLC acquired a new position in Bit Digital, Inc. (NASDAQ:BTBT) during the third quarter, HoldingsChannel reports. The fund acquired 120,975 shares of the company’s stock, valued at approximately $425,000.

Several other large investors also recently made changes to their positions in BTBT. Crescent Grove Advisors LLC acquired a new stake in shares of Bit Digital in the third quarter valued at approximately $35,000. Creative Planning acquired a new position in Bit Digital during the 3rd quarter worth $37,000. Stifel Financial Corp bought a new position in Bit Digital in the 3rd quarter valued at $38,000. Thoroughbred Financial Services LLC acquired a new stake in shares of Bit Digital in the 2nd quarter valued at $38,000. Finally, Victory Capital Management Inc. raised its position in shares of Bit Digital by 39.3% during the second quarter. Victory Capital Management Inc. now owns 15,522 shares of the company’s stock worth $49,000 after acquiring an additional 4,380 shares during the last quarter. Institutional investors own 47.70% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on BTBT. B. Riley assumed coverage on Bit Digital in a research report on Thursday, October 24th. They issued a “buy” rating and a $6.00 price objective for the company. HC Wainwright reiterated a “buy” rating and set a $7.00 price target on shares of Bit Digital in a research report on Tuesday, November 19th.

Bit Digital Trading Down 3.3 %

NASDAQ BTBT opened at $4.10 on Monday. Bit Digital, Inc. has a 12 month low of $1.76 and a 12 month high of $5.74. The company has a market capitalization of $338.17 million, a PE ratio of 68.33 and a beta of 4.80. The stock has a 50-day simple moving average of $4.10 and a 200 day simple moving average of $3.51.

Bit Digital Profile

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.