Bitdeer Technologies Group (NASDAQ:BTDR) Price Target Raised to $14.00 at Northland Securities

Bitdeer Technologies Group (NASDAQ:BTDR) had its price objective hoisted by Northland Securities from $13.00 to $14.00 in a research report released on Tuesday morning,Benzinga reports. Northland Securities currently has an outperform rating on the stock.

BTDR has been the topic of a number of other reports. Benchmark reiterated a “buy” rating and issued a $16.00 target price on shares of Bitdeer Technologies Group in a research note on Tuesday, August 13th. B. Riley decreased their price target on Bitdeer Technologies Group from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, October 11th. Rosenblatt Securities reiterated a “buy” rating and set a $9.00 price target on shares of Bitdeer Technologies Group in a report on Tuesday, October 8th. HC Wainwright lowered their target price on Bitdeer Technologies Group from $20.00 to $17.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Finally, Alliance Global Partners started coverage on shares of Bitdeer Technologies Group in a report on Tuesday, October 8th. They set a “buy” rating and a $14.00 price target on the stock. Ten investment 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, the company presently has an average rating of “Buy” and a consensus target price of $14.80.

Bitdeer Technologies Group Trading Down 2.6 %

Shares of Bitdeer Technologies Group stock opened at $11.54 on Tuesday. Bitdeer Technologies Group has a twelve month low of $3.91 and a twelve month high of $14.27. The stock has a market capitalization of $1.29 billion, a P/E ratio of -22.19 and a beta of 1.92. The business’s fifty day moving average price is $8.15 and its 200 day moving average price is $8.07.

Hedge Funds Weigh In On Bitdeer Technologies Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC bought a new stake in Bitdeer Technologies Group in the 3rd quarter valued at $161,000. Geode Capital Management LLC raised its holdings in Bitdeer Technologies Group by 14.6% in the 3rd quarter. Geode Capital Management LLC now owns 368,564 shares of the company’s stock valued at $2,886,000 after acquiring an additional 46,968 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Bitdeer Technologies Group in the 3rd quarter worth approximately $66,000. Y Intercept Hong Kong Ltd increased its holdings in Bitdeer Technologies Group by 96.8% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 44,328 shares of the company’s stock valued at $347,000 after buying an additional 21,798 shares during the period. Finally, State Street Corp acquired a new stake in Bitdeer Technologies Group during the third quarter valued at approximately $1,510,000. 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.