Bitdeer Technologies Group (NASDAQ:BTDR) Earns Outperform Rating from Analysts at Keefe, Bruyette & Woods

Investment analysts at Keefe, Bruyette & Woods started coverage on shares of Bitdeer Technologies Group (NASDAQ:BTDR) in a research note issued on Monday,Briefing.com Automated Import reports. The brokerage set an “outperform” rating and a $26.50 price target on the stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 28.27% from the stock’s previous close.

Other analysts also recently issued reports about the company. Rosenblatt Securities reissued a “buy” rating and set a $22.00 price objective on shares of Bitdeer Technologies Group in a research report on Monday, January 13th. Needham & Company LLC lifted their price target on shares of Bitdeer Technologies Group from $14.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Cantor Fitzgerald restated an “overweight” rating and issued a $13.00 price objective on shares of Bitdeer Technologies Group in a report on Thursday, October 3rd. Northland Capmk raised shares of Bitdeer Technologies Group to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, Benchmark boosted their target price on Bitdeer Technologies Group from $16.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Eleven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $21.50.

Bitdeer Technologies Group Stock Up 4.6 %

BTDR stock opened at $20.66 on Monday. Bitdeer Technologies Group has a 52-week low of $5.23 and a 52-week high of $26.99. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of -39.73 and a beta of 2.09. The business has a fifty day moving average of $18.78 and a two-hundred day moving average of $11.83.

Institutional Investors Weigh In On Bitdeer Technologies Group

Large investors have recently bought and sold shares of the stock. Baader Bank Aktiengesellschaft acquired a new position in shares of Bitdeer Technologies Group during the fourth quarter worth about $566,000. International Assets Investment Management LLC purchased a new position in Bitdeer Technologies Group in the fourth quarter worth approximately $308,000. Sanctuary Advisors LLC acquired a new position in Bitdeer Technologies Group during the 3rd quarter worth approximately $275,000. Barclays PLC purchased a new stake in shares of Bitdeer Technologies Group in the 3rd quarter valued at approximately $161,000. Finally, Geode Capital Management LLC raised its holdings in shares of Bitdeer Technologies Group by 14.6% in the 3rd quarter. Geode Capital Management LLC now owns 368,564 shares of the company’s stock valued at $2,886,000 after purchasing an additional 46,968 shares in the last quarter. Hedge funds and other 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.