Bitdeer Technologies Group (NASDAQ:BTDR) Price Target Raised to $14.00

Bitdeer Technologies Group (NASDAQ:BTDR) had its target price boosted by Northland Securities from $13.00 to $14.00 in a research report released on Tuesday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other research firms have also commented on BTDR. Alliance Global Partners started coverage on Bitdeer Technologies Group in a research report on Tuesday, October 8th. They set a “buy” rating and a $14.00 price target on the stock. Benchmark reissued a “buy” rating and issued a $16.00 target price on shares of Bitdeer Technologies Group in a research report on Tuesday, August 13th. Rosenblatt Securities reaffirmed a “buy” rating and set a $9.00 price target on shares of Bitdeer Technologies Group in a research report on Tuesday, October 8th. HC Wainwright cut their price target on shares of Bitdeer Technologies Group from $20.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $13.00 price objective on shares of Bitdeer Technologies Group in a research report on Thursday, October 3rd. Ten equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Bitdeer Technologies Group has an average rating of “Buy” and an average target price of $14.80.

Bitdeer Technologies Group Trading Down 2.6 %

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BTDR. Mirabella Financial Services LLP bought a new stake in Bitdeer Technologies Group during the 3rd quarter valued at $5,872,000. Vident Advisory LLC grew its position in Bitdeer Technologies Group by 186.4% during the 1st quarter. Vident Advisory LLC now owns 868,622 shares of the company’s stock worth $6,098,000 after acquiring an additional 565,362 shares during the last quarter. D1 Capital Partners L.P. bought a new stake in Bitdeer Technologies Group in the 2nd quarter worth $5,386,000. Marshall Wace LLP purchased a new position in Bitdeer Technologies Group during the 2nd quarter valued at about $5,074,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Bitdeer Technologies Group in the 2nd quarter worth about $4,617,000. 22.25% of the stock is 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.