Rosenblatt Securities Reaffirms “Buy” Rating for Bitdeer Technologies Group (NASDAQ:BTDR)

Bitdeer Technologies Group (NASDAQ:BTDR)‘s stock had its “buy” rating restated by equities researchers at Rosenblatt Securities in a research note issued to investors on Monday,Benzinga reports. They currently have a $22.00 price objective on the stock. Rosenblatt Securities’ target price would suggest a potential upside of 15.55% from the company’s current price.

BTDR has been the subject of a number of other reports. Benchmark increased their price objective on shares of Bitdeer Technologies Group from $16.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. B. Riley increased their price target on Bitdeer Technologies Group from $15.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Northland Capmk upgraded Bitdeer Technologies Group to a “strong-buy” rating in a research note on Wednesday, October 9th. Cantor Fitzgerald reiterated an “overweight” rating and set a $13.00 price objective on shares of Bitdeer Technologies Group in a research note on Thursday, October 3rd. Finally, HC Wainwright increased their price objective on Bitdeer Technologies Group from $17.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Ten analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $21.00.

Bitdeer Technologies Group Trading Up 11.3 %

Shares of BTDR opened at $19.04 on Monday. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of -36.61 and a beta of 2.09. Bitdeer Technologies Group has a 12 month low of $5.23 and a 12 month high of $26.99. The firm has a fifty day simple moving average of $17.07 and a 200 day simple moving average of $11.30.

Institutional Investors Weigh In On Bitdeer Technologies Group

Several hedge funds have recently added to or reduced their stakes in the business. Mirabella Financial Services LLP acquired a new position in shares of Bitdeer Technologies Group in the third quarter valued at $5,872,000. D1 Capital Partners L.P. acquired a new position in Bitdeer Technologies Group in the 2nd quarter valued at about $5,386,000. Marshall Wace LLP acquired a new position in Bitdeer Technologies Group in the 2nd quarter valued at about $5,074,000. Point72 Asset Management L.P. bought a new position in Bitdeer Technologies Group in the 2nd quarter valued at about $4,617,000. Finally, Point72 Hong Kong Ltd acquired a new stake in Bitdeer Technologies Group during the second quarter worth approximately $4,510,000. Institutional investors and hedge funds 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.