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

Rosenblatt Securities reissued their buy rating on shares of Bitdeer Technologies Group (NASDAQ:BTDR) in a report published on Monday morning,Benzinga reports. The firm currently has a $22.00 price objective on the stock.

A number of other equities research analysts have also weighed in on the company. HC Wainwright lifted 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. Northland Capmk upgraded Bitdeer Technologies Group to a “strong-buy” rating in a report on Wednesday, October 9th. Benchmark raised their target price 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. B. Riley increased their price target on shares of Bitdeer Technologies Group from $15.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, Roth Mkm raised their price target on shares of Bitdeer Technologies Group from $15.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Ten investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Bitdeer Technologies Group presently has an average rating of “Buy” and an average target price of $21.00.

Bitdeer Technologies Group Stock Down 7.5 %

BTDR opened at $17.11 on Monday. Bitdeer Technologies Group has a 52 week low of $5.23 and a 52 week high of $26.99. The firm has a market cap of $1.92 billion, a P/E ratio of -32.90 and a beta of 2.09. The business has a fifty day simple moving average of $16.84 and a 200-day simple moving average of $11.24.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BTDR. Public Employees Retirement System of Ohio bought a new position in Bitdeer Technologies Group in the 3rd quarter valued at about $66,000. Centiva Capital LP acquired a new stake in shares of Bitdeer Technologies Group in the 3rd quarter valued at approximately $91,000. Barclays PLC acquired a new stake in shares of Bitdeer Technologies Group in the 3rd quarter valued at approximately $161,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Bitdeer Technologies Group in the 3rd quarter valued at approximately $169,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Bitdeer Technologies Group in the 3rd quarter valued at approximately $220,000. Institutional investors and hedge funds own 22.25% of the company’s stock.

Bitdeer Technologies Group Company Profile

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.