Bitdeer Technologies Group (NASDAQ:BTDR) Given New $14.00 Price Target at Northland Securities

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

Other research analysts have also recently issued reports about the company. HC Wainwright reduced their price objective on Bitdeer Technologies Group from $20.00 to $17.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Cantor Fitzgerald restated an “overweight” rating and issued a $13.00 target price on shares of Bitdeer Technologies Group in a research note on Thursday, October 3rd. Rosenblatt Securities reaffirmed a “buy” rating and set a $9.00 price target on shares of Bitdeer Technologies Group in a research note on Tuesday, October 8th. B. Riley cut their price objective on shares of Bitdeer Technologies Group from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. Finally, Northland Capmk upgraded shares of Bitdeer Technologies Group to a “strong-buy” rating in a report on Wednesday, October 9th. Ten analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $14.80.

Bitdeer Technologies Group Stock Up 3.1 %

Shares of NASDAQ:BTDR opened at $11.54 on Tuesday. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of -22.19 and a beta of 1.92. Bitdeer Technologies Group has a 12 month low of $4.10 and a 12 month high of $14.27. The company’s fifty day simple moving average is $8.44 and its 200 day simple moving average is $8.15.

Hedge Funds Weigh In On Bitdeer Technologies Group

Several institutional investors and hedge funds have recently modified their holdings of BTDR. Mirabella Financial Services LLP acquired a new position in shares of Bitdeer Technologies Group during the 3rd quarter worth approximately $5,872,000. Vident Advisory LLC grew its holdings in shares of Bitdeer Technologies Group by 186.4% during the 1st quarter. Vident Advisory LLC now owns 868,622 shares of the company’s stock valued at $6,098,000 after purchasing an additional 565,362 shares during the last quarter. D1 Capital Partners L.P. bought a new stake in shares of Bitdeer Technologies Group during the second quarter worth $5,386,000. Marshall Wace LLP bought a new stake in Bitdeer Technologies Group during the 2nd quarter worth $5,074,000. Finally, Point72 Asset Management L.P. acquired a new position in Bitdeer Technologies Group in the 2nd quarter worth about $4,617,000. 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.