B. Riley Research Analysts Cut Earnings Estimates for BTDR

Bitdeer Technologies Group (NASDAQ:BTDR) – Research analysts at B. Riley cut their FY2024 earnings per share estimates for Bitdeer Technologies Group in a research note issued on Wednesday, February 12th. B. Riley analyst N. Giles now anticipates that the company will earn ($0.63) per share for the year, down from their prior estimate of ($0.62). B. Riley currently has a “Buy” rating and a $24.00 target price on the stock. The consensus estimate for Bitdeer Technologies Group’s current full-year earnings is ($0.73) per share.

Other research analysts also recently issued reports about the company. Northland Securities upped their price target on Bitdeer Technologies Group from $20.00 to $24.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Rosenblatt Securities upped their price target on Bitdeer Technologies Group from $22.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. HC Wainwright upped their price target on Bitdeer Technologies Group from $17.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Needham & Company LLC upped their price target on Bitdeer Technologies Group from $14.00 to $22.00 and gave the company a “buy” rating in a report on Monday, January 13th. Finally, Benchmark upped their price target on Bitdeer Technologies Group from $16.00 to $29.00 and gave the company a “buy” rating in a report on Monday, December 9th. Eleven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $22.23.

Bitdeer Technologies Group Trading Down 0.5 %

NASDAQ BTDR opened at $16.50 on Friday. Bitdeer Technologies Group has a 12 month low of $5.23 and a 12 month high of $26.99. The stock has a market cap of $1.85 billion, a P/E ratio of -31.73 and a beta of 2.04. The stock’s fifty day moving average price is $19.86 and its 200-day moving average price is $12.42.

Hedge Funds Weigh In On Bitdeer Technologies Group

Hedge funds have recently made changes to their positions in the business. Shariaportfolio Inc. bought a new position in Bitdeer Technologies Group in the 3rd quarter worth approximately $1,039,000. Charles Schwab Investment Management Inc. increased its holdings in Bitdeer Technologies Group by 281.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 246,834 shares of the company’s stock valued at $1,933,000 after acquiring an additional 182,110 shares during the last quarter. Mirabella Financial Services LLP purchased a new stake in Bitdeer Technologies Group in the 3rd quarter worth $5,872,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Bitdeer Technologies Group during the 3rd quarter valued at about $169,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Bitdeer Technologies Group during the 3rd quarter valued at about $220,000. Institutional investors 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.