Northland Securities Increases Bitdeer Technologies Group (NASDAQ:BTDR) Price Target to $20.00

Bitdeer Technologies Group (NASDAQ:BTDR) had its price target hoisted by Northland Securities from $14.00 to $20.00 in a research note published on Friday,Benzinga reports. They currently have an outperform rating on the stock.

BTDR has been the subject of several other reports. B. Riley decreased their price objective 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. Cantor Fitzgerald reiterated an “overweight” rating and issued a $13.00 price target on shares of Bitdeer Technologies Group in a research note on Thursday, October 3rd. Alliance Global Partners initiated coverage on Bitdeer Technologies Group in a research note on Tuesday, October 8th. They set a “buy” rating and a $14.00 price objective on the stock. Rosenblatt Securities increased their target price on Bitdeer Technologies Group from $9.00 to $17.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, HC Wainwright boosted their price target on Bitdeer Technologies Group from $17.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Ten equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Bitdeer Technologies Group presently has an average rating of “Buy” and a consensus price target of $15.90.

Bitdeer Technologies Group Trading Up 23.7 %

BTDR stock opened at $21.01 on Friday. The firm has a 50 day simple moving average of $9.87 and a 200-day simple moving average of $8.81. The company has a market capitalization of $2.35 billion, a P/E ratio of -40.40 and a beta of 2.27. Bitdeer Technologies Group has a twelve month low of $5.21 and a twelve month high of $22.01.

Institutional Trading of Bitdeer Technologies Group

Hedge funds have recently made changes to their positions in the stock. Mirabella Financial Services LLP bought a new position in Bitdeer Technologies Group during the 3rd quarter worth $5,872,000. D1 Capital Partners L.P. acquired a new position in shares of Bitdeer Technologies Group during the second quarter valued at $5,386,000. Marshall Wace LLP bought a new position in shares of Bitdeer Technologies Group during the second quarter worth about $5,074,000. Point72 Asset Management L.P. acquired a new stake in shares of Bitdeer Technologies Group in the 2nd quarter worth about $4,617,000. Finally, Point72 Hong Kong Ltd bought a new stake in Bitdeer Technologies Group in the 2nd quarter valued at about $4,510,000. 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.