Bitdeer Technologies Group (NASDAQ:BTDR) Given New $15.00 Price Target at Roth Mkm

Bitdeer Technologies Group (NASDAQ:BTDR) had its price objective upped by stock analysts at Roth Mkm from $14.00 to $15.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Roth Mkm’s price target suggests a potential upside of 26.16% from the company’s previous close.

A number of other research firms also recently commented on BTDR. Rosenblatt Securities reiterated a “buy” rating and set a $9.00 target price on shares of Bitdeer Technologies Group in a research report on Tuesday, October 8th. B. Riley dropped their price target on Bitdeer Technologies Group from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Northland Capmk raised Bitdeer Technologies Group to a “strong-buy” rating in a research report on Wednesday, October 9th. Northland Securities upped their price objective on Bitdeer Technologies Group from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Needham & Company LLC reiterated a “buy” rating and set a $14.00 price target on shares of Bitdeer Technologies Group in a research 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 MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $14.80.

Bitdeer Technologies Group Price Performance

Bitdeer Technologies Group stock opened at $11.89 on Tuesday. Bitdeer Technologies Group has a 1-year low of $3.91 and a 1-year high of $14.27. The company has a market cap of $1.33 billion, a PE ratio of -22.87 and a beta of 1.92. The stock’s 50 day moving average price is $8.26 and its 200 day moving average price is $8.09.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BTDR. Public Employees Retirement System of Ohio acquired a new stake in shares of Bitdeer Technologies Group in the third quarter worth about $66,000. Centiva Capital LP bought a new stake in shares of Bitdeer Technologies Group in the 3rd quarter valued at approximately $91,000. Barclays PLC bought a new stake in shares of Bitdeer Technologies Group in the 3rd quarter valued at approximately $161,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Bitdeer Technologies Group in the 3rd quarter worth approximately $169,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Bitdeer Technologies Group in the 3rd quarter worth approximately $220,000. 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.