Bitdeer Technologies Group’s (BTDR) “Buy” Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reiterated their buy rating on shares of Bitdeer Technologies Group (NASDAQ:BTDR) in a research report report published on Monday morning,Benzinga reports. They currently have a $30.00 price objective on the stock.

Several other analysts also recently issued reports on BTDR. B. Riley increased their price objective on shares of Bitdeer Technologies Group from $15.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Roth Mkm increased their target price on Bitdeer Technologies Group from $15.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Keefe, Bruyette & Woods began coverage on shares of Bitdeer Technologies Group in a research report on Monday, January 27th. They set an “outperform” rating and a $26.50 price target on the stock. Northland Securities boosted their price objective on Bitdeer Technologies Group from $20.00 to $24.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Finally, HC Wainwright increased their target price on Bitdeer Technologies Group from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Eleven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $21.18.

Bitdeer Technologies Group Price Performance

Shares of BTDR opened at $10.25 on Monday. Bitdeer Technologies Group has a 12 month low of $5.23 and a 12 month high of $26.99. The stock has a market cap of $1.15 billion, a PE ratio of -19.71 and a beta of 2.04. The stock’s 50-day moving average is $18.60 and its two-hundred day moving average is $12.79.

Institutional Investors Weigh In On Bitdeer Technologies Group

Hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its position in shares of Bitdeer Technologies Group by 281.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 246,834 shares of the company’s stock worth $1,933,000 after acquiring an additional 182,110 shares during the last quarter. Mirabella Financial Services LLP bought a new position in Bitdeer Technologies Group in the 3rd quarter worth about $5,872,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Bitdeer Technologies Group in the third quarter valued at approximately $169,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Bitdeer Technologies Group during the third quarter valued at approximately $220,000. Finally, Centiva Capital LP acquired a new position in shares of Bitdeer Technologies Group during the third quarter worth approximately $91,000. 22.25% of the stock is currently owned by institutional investors.

About Bitdeer Technologies Group

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.