Bitdeer Technologies Group (NASDAQ:BTDR) Given New $24.00 Price Target at Northland Securities

Bitdeer Technologies Group (NASDAQ:BTDR) had its target price raised by Northland Securities from $20.00 to $24.00 in a research note published on Friday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other research analysts also recently issued reports on BTDR. HC Wainwright upped their price objective on Bitdeer Technologies Group from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. B. Riley upped their price target on Bitdeer Technologies Group from $15.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Benchmark lifted their price objective on Bitdeer Technologies Group from $16.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Cantor Fitzgerald restated an “overweight” rating and set a $13.00 target price on shares of Bitdeer Technologies Group in a research report on Thursday, October 3rd. Finally, Rosenblatt Securities lifted their price target on shares of Bitdeer Technologies Group from $17.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Ten research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $20.20.

Bitdeer Technologies Group Trading Down 0.4 %

Shares of NASDAQ BTDR opened at $18.50 on Friday. Bitdeer Technologies Group has a 1-year low of $5.23 and a 1-year high of $26.99. The company has a 50-day moving average of $16.64 and a two-hundred day moving average of $11.19. The company has a market cap of $2.07 billion, a PE ratio of -35.58 and a beta of 2.09.

Institutional Trading of Bitdeer Technologies Group

Large investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in Bitdeer Technologies Group by 281.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 246,834 shares of the company’s stock valued at $1,933,000 after acquiring an additional 182,110 shares during the period. Millennium Management LLC lifted its holdings in shares of Bitdeer Technologies Group by 901.0% during the 2nd quarter. Millennium Management LLC now owns 410,359 shares of the company’s stock valued at $4,210,000 after purchasing an additional 369,363 shares in the last quarter. Mirabella Financial Services LLP bought a new position in shares of Bitdeer Technologies Group during the 3rd quarter valued at about $5,872,000. 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 valued at approximately $220,000. Finally, Geode Capital Management LLC increased its stake in Bitdeer Technologies Group by 14.6% during the 3rd quarter. Geode Capital Management LLC now owns 368,564 shares of the company’s stock worth $2,886,000 after purchasing an additional 46,968 shares in the last quarter. 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.