Bitdeer Technologies Group (NASDAQ:BTDR) Receives “Buy” Rating from Rosenblatt Securities

Rosenblatt Securities reiterated their buy rating on shares of Bitdeer Technologies Group (NASDAQ:BTDR) in a research report report published on Monday,Benzinga reports. They currently have a $30.00 price target on the stock.

Several other equities research analysts also recently weighed in on the stock. Northland Securities raised their target price on shares of Bitdeer Technologies Group from $20.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. B. Riley raised their price objective on Bitdeer Technologies Group from $15.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. HC Wainwright boosted their target price on Bitdeer Technologies Group from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Benchmark increased their price target on Bitdeer Technologies Group from $16.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, Roth Mkm boosted their price target on Bitdeer Technologies Group from $15.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Bitdeer Technologies Group currently has a consensus rating of “Buy” and a consensus price target of $22.23.

Bitdeer Technologies Group Stock Performance

NASDAQ:BTDR opened at $13.10 on Monday. The company’s 50-day simple moving average is $19.02 and its 200-day simple moving average is $12.80. Bitdeer Technologies Group has a fifty-two week low of $5.23 and a fifty-two week high of $26.99. The stock has a market capitalization of $1.47 billion, a P/E ratio of -25.19 and a beta of 2.04.

Institutional Investors Weigh In On Bitdeer Technologies Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP purchased a new position in Bitdeer Technologies Group during the 4th quarter worth approximately $42,000. Stonebridge Financial Group LLC acquired a new stake in shares of Bitdeer Technologies Group in the fourth quarter worth $65,000. SBI Securities Co. Ltd. purchased a new position in shares of Bitdeer Technologies Group during the fourth quarter worth $79,000. Wells Fargo & Company MN lifted its position in Bitdeer Technologies Group by 56.4% during the fourth quarter. Wells Fargo & Company MN now owns 4,270 shares of the company’s stock valued at $93,000 after purchasing an additional 1,540 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in Bitdeer Technologies Group in the fourth quarter valued at $116,000. 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.