Bitdeer Technologies Group (NASDAQ:BTDR) Coverage Initiated by Analysts at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods assumed coverage on shares of Bitdeer Technologies Group (NASDAQ:BTDR) in a research note published on Monday morning, MarketBeat.com reports. The brokerage issued an outperform rating and a $26.50 price objective on the stock.

Several other equities analysts also recently commented on BTDR. Northland Capmk raised Bitdeer Technologies Group to a “strong-buy” rating in a research report on Wednesday, October 9th. Roth Mkm upped their price objective on Bitdeer Technologies Group from $15.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Alliance Global Partners started coverage on Bitdeer Technologies Group in a research report on Tuesday, October 8th. They issued a “buy” rating and a $14.00 price objective on the stock. Benchmark upped their target price on Bitdeer Technologies Group from $16.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, Needham & Company LLC upped their target price on Bitdeer Technologies Group from $14.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Eleven investment 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.com, Bitdeer Technologies Group presently has an average rating of “Buy” and an average target price of $21.50.

Bitdeer Technologies Group Stock Performance

NASDAQ BTDR opened at $15.54 on Monday. The company has a market cap of $1.74 billion, a P/E ratio of -29.88 and a beta of 2.09. The business’s 50 day moving average price is $18.78 and its 200-day moving average price is $11.83. Bitdeer Technologies Group has a fifty-two week low of $5.23 and a fifty-two week high of $26.99.

Institutional Trading of Bitdeer Technologies Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new stake in Bitdeer Technologies Group in the 3rd quarter valued at approximately $66,000. Centiva Capital LP purchased a new stake in Bitdeer Technologies Group in the 3rd quarter valued at approximately $91,000. Barclays PLC purchased a new stake in Bitdeer Technologies Group in the 3rd quarter valued at approximately $161,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in 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 purchased a new stake in Bitdeer Technologies Group in the 3rd quarter valued at approximately $220,000. 22.25% of the stock is owned by hedge funds and other 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.