Bitdeer Technologies Group (NASDAQ:BTDR) Given Buy Rating at Rosenblatt Securities

Bitdeer Technologies Group (NASDAQ:BTDR)‘s stock had its “buy” rating reaffirmed by analysts at Rosenblatt Securities in a research report issued on Monday,Benzinga reports. They currently have a $30.00 target price on the stock. Rosenblatt Securities’ price objective suggests a potential upside of 129.27% from the stock’s previous close.

Several other research analysts have also recently issued reports on the stock. Northland Securities increased their target price on shares of Bitdeer Technologies Group from $20.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Keefe, Bruyette & Woods began coverage on Bitdeer Technologies Group in a research note on Monday, January 27th. They issued an “outperform” rating and a $26.50 target price on the stock. B. Riley upped their price target on Bitdeer Technologies Group from $15.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Benchmark increased their price target on Bitdeer Technologies Group from $16.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, Needham & Company LLC raised their price target on Bitdeer Technologies Group from $14.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Eleven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $22.23.

Bitdeer Technologies Group Trading Down 12.4 %

Shares of BTDR stock opened at $13.09 on Monday. Bitdeer Technologies Group has a twelve month low of $5.23 and a twelve month high of $26.99. The stock has a fifty day simple moving average of $19.22 and a two-hundred day simple moving average of $12.77. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of -25.16 and a beta of 2.04.

Hedge Funds Weigh In On Bitdeer Technologies Group

A number of institutional investors have recently bought and sold shares of BTDR. Quarry LP purchased a new stake in shares of Bitdeer Technologies Group in the 4th quarter valued at $42,000. Stonebridge Financial Group LLC purchased a new stake in Bitdeer Technologies Group in the fourth quarter valued at $65,000. Public Employees Retirement System of Ohio acquired a new stake in Bitdeer Technologies Group during the 3rd quarter worth about $66,000. SBI Securities Co. Ltd. purchased a new position in shares of Bitdeer Technologies Group during the 4th quarter valued at about $79,000. Finally, Centiva Capital LP acquired a new position in shares of Bitdeer Technologies Group in the 3rd quarter valued at about $91,000. 22.25% of the stock is owned by hedge funds and other institutional investors.

Bitdeer Technologies Group Company Profile

Bitdeer Technologies Group operates as a technology company for blockchain and computing. It offers hash rate sharing solutions, including Cloud hash rate and Hash rate marketplace; and a one-stop mining machine hosting solutions encompassing deployment, maintenance, and management services for efficient cryptocurrency mining; as well as mines cryptocurrencies for its own account.