Bitdeer Technologies Group (NASDAQ:BTDR) Research Coverage Started at Keefe, Bruyette & Woods

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

Other equities analysts have also issued research reports about the stock. Northland Capmk upgraded shares of Bitdeer Technologies Group to a “strong-buy” rating in a report on Wednesday, October 9th. HC Wainwright lifted their target price on Bitdeer Technologies Group from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Benchmark increased their price target 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. Needham & Company LLC lifted their price objective on Bitdeer Technologies Group from $14.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $13.00 target price on shares of Bitdeer Technologies Group in a report on Thursday, October 3rd. Eleven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $21.50.

Bitdeer Technologies Group Price Performance

Bitdeer Technologies Group stock opened at $17.12 on Monday. The business has a 50 day moving average of $18.96 and a 200-day moving average of $11.91. Bitdeer Technologies Group has a 1 year low of $5.23 and a 1 year high of $26.99. The company has a market capitalization of $1.92 billion, a P/E ratio of -32.92 and a beta of 2.09.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp acquired a new stake in Bitdeer Technologies Group in the fourth quarter worth $29,125,000. Stonebridge Financial Group LLC bought a new position in shares of Bitdeer Technologies Group during the 4th quarter worth about $65,000. Baader Bank Aktiengesellschaft acquired a new stake in shares of Bitdeer Technologies Group in the 4th quarter valued at about $566,000. International Assets Investment Management LLC bought a new stake in Bitdeer Technologies Group in the 4th quarter valued at about $308,000. Finally, Sanctuary Advisors LLC acquired a new position in Bitdeer Technologies Group during the 3rd quarter worth approximately $275,000. Institutional investors and hedge funds own 22.25% of the company’s stock.

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.