Bitdeer Technologies Group (NASDAQ:BTDR) Price Target Raised to $22.00

Bitdeer Technologies Group (NASDAQ:BTDR) had its price objective raised by Rosenblatt Securities from $17.00 to $22.00 in a report released on Friday morning,Benzinga reports. Rosenblatt Securities currently has a buy rating on the stock.

BTDR has been the subject of several other reports. Needham & Company LLC reaffirmed a “buy” rating and set a $14.00 price objective on shares of Bitdeer Technologies Group in a research report on Tuesday, November 19th. B. Riley lowered their price target on Bitdeer Technologies Group from $14.00 to $12.00 and set a “buy” rating for the company in a report on Friday, October 11th. Northland Securities raised their price objective on shares of Bitdeer Technologies Group from $14.00 to $20.00 and gave the stock an “outperform” rating in a report on Friday. Benchmark restated a “buy” rating and set a $16.00 price objective on shares of Bitdeer Technologies Group in a research report on Tuesday, November 19th. Finally, Alliance Global Partners initiated coverage on shares of Bitdeer Technologies Group in a research report on Tuesday, October 8th. They issued a “buy” rating and a $14.00 target price on the stock. Ten equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Bitdeer Technologies Group presently has an average rating of “Buy” and an average target price of $15.90.

Bitdeer Technologies Group Trading Up 23.7 %

Shares of BTDR stock opened at $21.01 on Friday. The company has a market cap of $2.35 billion, a P/E ratio of -40.40 and a beta of 2.27. The firm has a fifty day moving average price of $9.87 and a 200 day moving average price of $8.81. Bitdeer Technologies Group has a 12 month low of $5.21 and a 12 month high of $22.01.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BTDR. Public Employees Retirement System of Ohio acquired a new stake in shares of Bitdeer Technologies Group during the third quarter worth about $66,000. Centiva Capital LP acquired a new position in Bitdeer Technologies Group in the 3rd quarter valued at about $91,000. Barclays PLC acquired a new stake in Bitdeer Technologies Group during the 3rd quarter worth approximately $161,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Bitdeer Technologies Group in the 3rd quarter valued at 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 third quarter valued at approximately $220,000. 22.25% of the stock is owned by hedge funds and other institutional investors.

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.