Bitdeer Technologies Group (NASDAQ:BTDR) Price Target Raised to $15.00

Bitdeer Technologies Group (NASDAQ:BTDR) had its price objective increased by Roth Mkm from $14.00 to $15.00 in a report released on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Other research analysts have also recently issued research reports about the company. Benchmark restated a “buy” rating and issued a $16.00 price target on shares of Bitdeer Technologies Group in a research report on Tuesday. Cantor Fitzgerald reiterated an “overweight” rating and set a $13.00 price objective on shares of Bitdeer Technologies Group in a research note on Thursday, October 3rd. Needham & Company LLC reiterated a “buy” rating and set a $14.00 price objective on shares of Bitdeer Technologies Group in a research note on Tuesday. Northland Capmk upgraded shares of Bitdeer Technologies Group to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, B. Riley reduced their price objective on shares of Bitdeer Technologies Group from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Ten analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Bitdeer Technologies Group has an average rating of “Buy” and a consensus target price of $14.80.

Bitdeer Technologies Group Price Performance

Shares of NASDAQ:BTDR opened at $11.54 on Tuesday. The business’s 50 day simple moving average is $8.15 and its 200 day simple moving average is $8.07. Bitdeer Technologies Group has a 1 year low of $3.91 and a 1 year high of $14.27. The company has a market capitalization of $1.29 billion, a P/E ratio of -22.19 and a beta of 1.92.

Institutional Investors Weigh In On Bitdeer Technologies Group

Hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio acquired a new stake in Bitdeer Technologies Group during the 3rd quarter worth approximately $66,000. Centiva Capital LP acquired a new stake in Bitdeer Technologies Group during the 3rd quarter worth approximately $91,000. Barclays PLC acquired a new stake in Bitdeer Technologies Group during the 3rd quarter worth approximately $161,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Bitdeer Technologies Group during the 3rd quarter worth approximately $169,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Bitdeer Technologies Group during the 3rd quarter worth approximately $220,000. 22.25% of the stock is currently owned by institutional investors and hedge funds.

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.