Bitdeer Technologies Group (NASDAQ:BTDR) Given New $25.00 Price Target at Rosenblatt Securities

Bitdeer Technologies Group (NASDAQ:BTDR) had its target price reduced by Rosenblatt Securities from $30.00 to $25.00 in a research note released on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Other analysts have also issued research reports about the stock. Keefe, Bruyette & Woods started coverage on shares of Bitdeer Technologies Group in a research report on Monday, January 27th. They issued an “outperform” rating and a $26.50 price objective on the stock. Roth Mkm reissued a “buy” rating and issued a $23.50 price objective (down previously from $29.00) on shares of Bitdeer Technologies Group in a research report on Wednesday, February 26th. Needham & Company LLC cut their price objective on shares of Bitdeer Technologies Group from $22.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Benchmark cut their price objective on shares of Bitdeer Technologies Group from $29.00 to $24.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Finally, HC Wainwright reissued a “buy” rating and issued a $21.00 price objective (down previously from $22.00) on shares of Bitdeer Technologies Group in a research report on Wednesday, February 26th. Ten analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $21.30.

Bitdeer Technologies Group Stock Performance

Shares of BTDR opened at $10.48 on Monday. Bitdeer Technologies Group has a twelve month low of $5.23 and a twelve month high of $26.99. The firm’s 50 day moving average price is $15.58 and its two-hundred day moving average price is $13.18. The firm has a market cap of $1.17 billion, a P/E ratio of -20.15 and a beta of 2.12.

Institutional Trading of Bitdeer Technologies Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in BTDR. Charles Schwab Investment Management Inc. increased its holdings in shares of Bitdeer Technologies Group by 281.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 246,834 shares of the company’s stock valued at $1,933,000 after purchasing an additional 182,110 shares during the last quarter. Mirabella Financial Services LLP acquired a new position in shares of Bitdeer Technologies Group in the third quarter valued at $5,872,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Bitdeer Technologies Group in the third quarter valued at $169,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Bitdeer Technologies Group in the third quarter valued at $220,000. Finally, Centiva Capital LP acquired a new position in shares of Bitdeer Technologies Group in the third quarter valued at $91,000. 22.25% of the stock is 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.