Bitdeer Technologies Group (NASDAQ:BTDR) Coverage Initiated at Benchmark

Benchmark started coverage on shares of Bitdeer Technologies Group (NASDAQ:BTDRFree Report) in a research note published on Thursday, Marketbeat Ratings reports. The firm issued a buy rating and a $13.00 target price on the stock.

A number of other equities research analysts also recently commented on the stock. Roth Mkm began coverage on shares of Bitdeer Technologies Group in a research report on Thursday, February 29th. They issued a buy rating and a $14.00 price objective for the company. HC Wainwright restated a buy rating and issued a $20.00 price objective on shares of Bitdeer Technologies Group in a research report on Monday, March 4th. BTIG Research began coverage on shares of Bitdeer Technologies Group in a research report on Wednesday, March 13th. They issued a buy rating and a $15.00 price objective for the company. Finally, B. Riley began coverage on shares of Bitdeer Technologies Group in a research report on Tuesday, March 12th. They set a buy rating and a $9.00 price target for the company. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of Buy and an average price target of $14.20.

View Our Latest Research Report on BTDR

Bitdeer Technologies Group Stock Up 23.8 %

Shares of NASDAQ:BTDR opened at $8.00 on Thursday. The company has a market cap of $890.32 million, a P/E ratio of -17.78 and a beta of 1.70. Bitdeer Technologies Group has a 52 week low of $2.77 and a 52 week high of $14.65. The company has a 50-day moving average price of $7.22 and a 200 day moving average price of $7.28.

Institutional Investors Weigh In On Bitdeer Technologies Group

A number of hedge funds and other institutional investors have recently modified their holdings of BTDR. UBS Group AG purchased a new position in shares of Bitdeer Technologies Group during the 3rd quarter worth approximately $35,000. First Trust Advisors LP increased its stake in shares of Bitdeer Technologies Group by 8.9% during the 4th quarter. First Trust Advisors LP now owns 51,237 shares of the company’s stock worth $505,000 after purchasing an additional 4,197 shares in the last quarter. Deutsche Bank AG purchased a new position in shares of Bitdeer Technologies Group during the 3rd quarter worth approximately $41,000. Barclays PLC purchased a new position in shares of Bitdeer Technologies Group during the 3rd quarter worth approximately $49,000. Finally, Wellington Management Group LLP purchased a new position in shares of Bitdeer Technologies Group during the 4th quarter worth approximately $116,000. 81.47% of the stock is currently owned by institutional investors and hedge funds.

About Bitdeer Technologies Group

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Bitdeer Technologies Group operates as a technology company for the cryptocurrency mining community. It mines cryptocurrencies for its own account and serve the cryptocurrency mining community by providing cryptocurrency mining solution. The company handles various processes involved in mining, such as miner procurement, transport logistics, mining datacenter design and construction, mining machine management, and daily operations.

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Analyst Recommendations for Bitdeer Technologies Group (NASDAQ:BTDR)

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