B. Riley Has Optimistic View of BTDR FY2025 Earnings

Bitdeer Technologies Group (NASDAQ:BTDR) – Stock analysts at B. Riley upped their FY2025 earnings estimates for Bitdeer Technologies Group in a report issued on Wednesday, February 12th. B. Riley analyst N. Giles now anticipates that the company will post earnings per share of $0.60 for the year, up from their prior forecast of $0.58. B. Riley currently has a “Buy” rating and a $24.00 target price on the stock. The consensus estimate for Bitdeer Technologies Group’s current full-year earnings is ($0.73) per share. B. Riley also issued estimates for Bitdeer Technologies Group’s FY2026 earnings at $1.05 EPS.

BTDR has been the subject of several other reports. Keefe, Bruyette & Woods initiated coverage on Bitdeer Technologies Group in a research note on Monday, January 27th. They issued an “outperform” rating and a $26.50 price objective for the company. Roth Mkm increased their price target on Bitdeer Technologies Group from $15.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Needham & Company LLC lifted their price objective on shares of Bitdeer Technologies Group from $14.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, January 13th. HC Wainwright increased their target price on shares of Bitdeer Technologies Group from $17.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, Northland Securities raised their price target on shares of Bitdeer Technologies Group from $20.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Eleven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Bitdeer Technologies Group currently has a consensus rating of “Buy” and a consensus target price of $22.23.

Bitdeer Technologies Group Stock Up 3.2 %

Shares of NASDAQ BTDR opened at $16.16 on Thursday. Bitdeer Technologies Group has a fifty-two week low of $5.23 and a fifty-two week high of $26.99. The firm’s 50-day simple moving average is $19.86 and its 200 day simple moving average is $12.39.

Institutional Trading of Bitdeer Technologies Group

Several hedge funds have recently added to or reduced their stakes in BTDR. Yong Rong HK Asset Management Ltd purchased a new stake in shares of Bitdeer Technologies Group during the 4th quarter worth approximately $65,010,000. Trivest Advisors Ltd bought a new position in Bitdeer Technologies Group during the fourth quarter valued at $48,481,000. Van ECK Associates Corp purchased a new stake in Bitdeer Technologies Group in the fourth quarter worth $29,125,000. Mirabella Financial Services LLP bought a new stake in shares of Bitdeer Technologies Group in the third quarter valued at $5,872,000. Finally, HCEP Management Ltd purchased a new position in shares of Bitdeer Technologies Group during the 4th quarter valued at $11,551,000. Institutional investors own 22.25% of the company’s stock.

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.