Rosenblatt Securities Increases Bitdeer Technologies Group (NASDAQ:BTDR) Price Target to $17.00

Bitdeer Technologies Group (NASDAQ:BTDR) had its price objective raised by Rosenblatt Securities from $9.00 to $17.00 in a research note published on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

BTDR has been the subject of several other reports. B. Riley reduced their target price on shares of Bitdeer Technologies Group from $14.00 to $12.00 and set a “buy” rating for the company in a report on Friday, October 11th. Northland Capmk upgraded Bitdeer Technologies Group to a “strong-buy” rating in a research report on Wednesday, October 9th. Alliance Global Partners initiated coverage on shares of Bitdeer Technologies Group in a research report on Tuesday, October 8th. They issued a “buy” rating and a $14.00 price target on the stock. Benchmark restated a “buy” rating and set a $16.00 price objective on shares of Bitdeer Technologies Group in a research report on Tuesday. Finally, Needham & Company LLC restated a “buy” rating and issued a $14.00 target price on shares of Bitdeer Technologies Group in a report on Tuesday. Ten analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Bitdeer Technologies Group has a consensus rating of “Buy” and a consensus price target of $14.80.

Bitdeer Technologies Group Price Performance

Shares of Bitdeer Technologies Group stock opened at $11.19 on Tuesday. Bitdeer Technologies Group has a 1 year low of $3.97 and a 1 year high of $14.27. The firm’s 50-day moving average is $8.35 and its 200 day moving average is $8.11. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of -21.52 and a beta of 1.92.

Hedge Funds Weigh In On Bitdeer Technologies Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new position in shares of Bitdeer Technologies Group during the third quarter valued at approximately $66,000. Centiva Capital LP acquired a new position in Bitdeer Technologies Group during the 3rd quarter valued at about $91,000. Barclays PLC acquired a new position in shares of Bitdeer Technologies Group during the third quarter valued at about $161,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Bitdeer Technologies Group during the 3rd quarter valued at approximately $169,000. Finally, Central Asset Investments & Management Holdings HK Ltd purchased a new position in Bitdeer Technologies Group in the 2nd quarter worth $272,000. Institutional investors own 22.25% of the company’s stock.

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.