Bitdeer Technologies Group (NASDAQ:BTDR) Given New $15.00 Price Target at Needham & Company LLC

Bitdeer Technologies Group (NASDAQ:BTDR) had its target price trimmed by Needham & Company LLC from $18.00 to $15.00 in a report issued on Wednesday morning, MarketBeat.com reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts have also recently commented on BTDR. 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 report on Thursday, December 19th. Roth Mkm reissued a “buy” rating and set a $23.50 price objective (down previously from $29.00) on shares of Bitdeer Technologies Group in a report on Wednesday, February 26th. Rosenblatt Securities dropped their price objective on Bitdeer Technologies Group from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Monday. HC Wainwright reissued a “buy” rating and set a $21.00 price objective (down previously from $22.00) on shares of Bitdeer Technologies Group in a report on Wednesday, February 26th. Finally, Keefe, Bruyette & Woods began coverage on Bitdeer Technologies Group in a report on Monday, January 27th. They set an “outperform” rating and a $26.50 price objective on the stock. Ten investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $21.00.

Bitdeer Technologies Group Price Performance

Shares of NASDAQ BTDR opened at $10.57 on Wednesday. Bitdeer Technologies Group has a one year low of $5.23 and a one year high of $26.99. The business’s fifty day moving average price is $15.22 and its 200-day moving average price is $13.19. The stock has a market capitalization of $1.18 billion, a PE ratio of -20.33 and a beta of 2.12.

Hedge Funds Weigh In On Bitdeer Technologies Group

A number of institutional investors have recently added to or reduced their stakes in the business. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Bitdeer Technologies Group in the 4th quarter worth about $566,000. Public Employees Retirement System of Ohio increased its position in shares of Bitdeer Technologies Group by 14.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 9,600 shares of the company’s stock valued at $208,000 after purchasing an additional 1,200 shares during the last quarter. Two Seas Capital LP bought a new position in shares of Bitdeer Technologies Group during the 4th quarter valued at about $9,384,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Bitdeer Technologies Group by 118.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 61,254 shares of the company’s stock valued at $1,327,000 after purchasing an additional 33,182 shares during the last quarter. Finally, Voloridge Investment Management LLC bought a new position in shares of Bitdeer Technologies Group during the 4th quarter valued at about $16,834,000. 22.25% of the stock is currently owned by institutional investors.

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.