Equities Analysts Set Expectations for BTDR FY2025 Earnings

Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) - Research analysts at B. Riley upped their FY2025 EPS estimates for shares of Bitdeer Technologies Group in a research note issued to investors on Wednesday, February 12th. B. Riley analyst N. Giles now anticipates that the company will earn $0.60 per share for the year, up from their previous estimate of $0.58. B. Riley has a "Buy" rating and a $24.00 price objective on the stock. The consensus estimate for Bitdeer Technologies Group's current full-year earnings is ($0.73) per share. B. Riley also issued estimates for Bitdeer Technologies Group's FY2026 earnings at $1.05 EPS.

BTDR has been the subject of several other reports. Benchmark upped their price target on shares of Bitdeer Technologies Group from $16.00 to $29.00 and gave the company a "buy" rating in a research report on Monday, December 9th. HC Wainwright raised their price objective on shares of Bitdeer Technologies Group from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Rosenblatt Securities raised their price objective on shares of Bitdeer Technologies Group from $22.00 to $30.00 and gave the company a "buy" rating in a research note on Wednesday, February 5th. Keefe, Bruyette & Woods began coverage on shares of Bitdeer Technologies Group in a research report on Monday, January 27th. They set an "outperform" rating and a $26.50 price target on the stock. Finally, Roth Mkm raised 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. Eleven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $22.23.

Bitdeer Technologies Group Stock Down 0.5 %

NASDAQ BTDR traded down $0.08 on Thursday, hitting $16.50. The company's stock had a trading volume of 2,958,087 shares, compared to its average volume of 6,500,237. Bitdeer Technologies Group has a 1-year low of $5.23 and a 1-year high of $26.99. The company's 50-day moving average is $19.77 and its 200 day moving average is $12.52. The firm has a market cap of $1.85 billion, a PE ratio of -31.73 and a beta of 2.04.

Hedge Funds Weigh In On Bitdeer Technologies Group

Several large investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Bitdeer Technologies Group by 3.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,358 shares of the company's stock worth $636,000 after purchasing an additional 916 shares in the last quarter. GeoSphere Capital Management LLC purchased a new position in Bitdeer Technologies Group during the fourth quarter valued at approximately $3,576,000. Fred Alger Management LLC purchased a new position in Bitdeer Technologies Group during the fourth quarter valued at approximately $9,823,000. Deutsche Bank AG grew its stake in Bitdeer Technologies Group by 173.7% during the fourth quarter. Deutsche Bank AG now owns 16,525 shares of the company's stock valued at $358,000 after acquiring an additional 10,488 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in Bitdeer Technologies Group during the fourth quarter valued at approximately $878,000. Hedge funds and other institutional investors 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.