Bitdeer Technologies Group (NASDAQ:BTDR) Price Target Cut to $25.00 by Analysts at Rosenblatt Securities

Bitdeer Technologies Group (NASDAQ:BTDR) had its price objective decreased by Rosenblatt Securities from $30.00 to $25.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Rosenblatt Securities’ target price suggests a potential upside of 163.71% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the company. HC Wainwright reiterated a “buy” rating and set a $21.00 target price (down previously from $22.00) on shares of Bitdeer Technologies Group in a report on Wednesday, February 26th. Benchmark lowered their target price on Bitdeer Technologies Group from $29.00 to $24.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Needham & Company LLC lowered their target price on Bitdeer Technologies Group from $22.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Northland Securities increased their target price on Bitdeer Technologies Group from $20.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Finally, Keefe, Bruyette & Woods started coverage on Bitdeer Technologies Group in a report on Monday, January 27th. They set an “outperform” rating and a $26.50 target price for the company. Ten equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Bitdeer Technologies Group currently has an average rating of “Buy” and an average target price of $21.30.

Bitdeer Technologies Group Trading Down 9.5 %

BTDR stock opened at $9.48 on Monday. The stock has a 50-day moving average price of $15.38 and a two-hundred day moving average price of $13.21. The stock has a market cap of $1.06 billion, a PE ratio of -18.23 and a beta of 2.12. Bitdeer Technologies Group has a 1 year low of $5.23 and a 1 year high of $26.99.

Institutional Investors Weigh In On Bitdeer Technologies Group

Several hedge funds have recently bought and sold shares of BTDR. Quarry LP acquired a new stake in Bitdeer Technologies Group in the 4th quarter valued at about $42,000. Stonebridge Financial Group LLC acquired a new stake in Bitdeer Technologies Group in the 4th quarter valued at about $65,000. Public Employees Retirement System of Ohio acquired a new stake in Bitdeer Technologies Group in the 3rd quarter valued at about $66,000. SBI Securities Co. Ltd. acquired a new stake in Bitdeer Technologies Group in the 4th quarter valued at about $79,000. Finally, Centiva Capital LP acquired a new stake in Bitdeer Technologies Group in the 3rd quarter valued at about $91,000. 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.