Keefe, Bruyette & Woods Begins Coverage on Bitdeer Technologies Group (NASDAQ:BTDR)

Investment analysts at Keefe, Bruyette & Woods initiated coverage on shares of Bitdeer Technologies Group (NASDAQ:BTDRGet Free Report) in a note issued to investors on Monday, Marketbeat Ratings reports. The brokerage set an “outperform” rating and a $26.50 price target on the stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 58.97% from the stock’s previous close.

BTDR has been the subject of a number of other research reports. B. Riley raised their price objective 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. Rosenblatt Securities reaffirmed a “buy” rating and set a $22.00 price target on shares of Bitdeer Technologies Group in a research report on Monday, January 13th. HC Wainwright boosted their price objective on Bitdeer Technologies Group from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Benchmark lifted their target price on shares of Bitdeer Technologies Group from $16.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, Needham & Company LLC increased their target price on Bitdeer Technologies Group from $14.00 to $22.00 and gave the company a “buy” rating in a report on Monday, January 13th. Eleven analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Bitdeer Technologies Group presently has an average rating of “Buy” and an average target price of $21.50.

Check Out Our Latest Research Report on BTDR

Bitdeer Technologies Group Stock Up 7.3 %

Shares of Bitdeer Technologies Group stock opened at $16.67 on Monday. The company’s fifty day moving average is $18.85 and its 200 day moving average is $11.86. Bitdeer Technologies Group has a twelve month low of $5.23 and a twelve month high of $26.99. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of -32.06 and a beta of 2.09.

Institutional Investors Weigh In On Bitdeer Technologies Group

Large investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new stake in Bitdeer Technologies Group in the 3rd quarter worth approximately $66,000. Centiva Capital LP purchased a new position in shares of Bitdeer Technologies Group in the third quarter valued at $91,000. Barclays PLC bought a new stake in Bitdeer Technologies Group during the third quarter worth approximately $161,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Bitdeer Technologies Group during the third quarter valued at $169,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Bitdeer Technologies Group in the third quarter worth approximately $220,000. 22.25% of the stock is owned by institutional investors.

About Bitdeer Technologies Group

(Get Free Report)

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.

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