Bitdeer Technologies Group’s (BTDR) “Buy” Rating Reaffirmed at Rosenblatt Securities

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

BTDR has been the subject of several other reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $13.00 target price on shares of Bitdeer Technologies Group in a research report on Thursday, October 3rd. Northland Securities lifted their target price on shares of Bitdeer Technologies Group from $20.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Roth Mkm upped 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 report on Tuesday, December 17th. Northland Capmk upgraded shares of Bitdeer Technologies Group to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, HC Wainwright increased 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. Ten equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $21.00.

Bitdeer Technologies Group Stock Performance

Shares of NASDAQ:BTDR opened at $20.84 on Monday. Bitdeer Technologies Group has a 52-week low of $5.23 and a 52-week high of $26.99. The company has a market capitalization of $2.33 billion, a PE ratio of -40.08 and a beta of 2.09. The company has a fifty day moving average of $17.07 and a 200-day moving average of $11.30.

Institutional Investors Weigh In On Bitdeer Technologies Group

Several institutional investors and hedge funds have recently made changes to their positions in BTDR. International Assets Investment Management LLC acquired a new position in Bitdeer Technologies Group in the fourth quarter valued at approximately $308,000. Sanctuary Advisors LLC bought a new stake in shares of Bitdeer Technologies Group in the 3rd quarter valued at $275,000. Barclays PLC acquired a new position in shares of Bitdeer Technologies Group during the 3rd quarter valued at $161,000. Geode Capital Management LLC boosted its stake in Bitdeer Technologies Group by 14.6% during the third quarter. Geode Capital Management LLC now owns 368,564 shares of the company’s stock worth $2,886,000 after acquiring an additional 46,968 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in Bitdeer Technologies Group in the third quarter worth $66,000. 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.