Rosenblatt Securities Issues Pessimistic Forecast for Bitdeer Technologies Group (NASDAQ:BTDR) Stock Price

Bitdeer Technologies Group (NASDAQ:BTDR - Get Free Report) had its price target cut by equities researchers at Rosenblatt Securities from $30.00 to $25.00 in a report released on Monday,Benzinga reports. The firm currently has a "buy" rating on the stock. Rosenblatt Securities' price target would suggest a potential upside of 149.75% from the company's current price.

A number of other equities analysts have also recently issued reports on the company. Northland Securities upped their price objective on Bitdeer Technologies Group from $20.00 to $24.00 and gave the stock an "outperform" rating in a report on Friday, January 10th. HC Wainwright reaffirmed a "buy" rating and issued a $21.00 target price (down previously from $22.00) on shares of Bitdeer Technologies Group in a research note on Wednesday, February 26th. B. Riley lifted their price target on shares of Bitdeer Technologies Group from $15.00 to $24.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Benchmark lowered their price objective on shares of Bitdeer Technologies Group from $29.00 to $24.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. Finally, Keefe, Bruyette & Woods initiated coverage on shares of Bitdeer Technologies Group in a report on Monday, January 27th. They set an "outperform" rating and a $26.50 target price on the stock. Ten equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $21.00.

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Bitdeer Technologies Group Stock Up 0.1 %

NASDAQ:BTDR traded up $0.01 during midday trading on Monday, hitting $10.01. The company had a trading volume of 4,160,260 shares, compared to its average volume of 4,107,818. The company has a market capitalization of $1.12 billion, a PE ratio of -19.25 and a beta of 2.12. Bitdeer Technologies Group has a 52-week low of $5.23 and a 52-week high of $26.99. The stock's fifty day moving average price is $15.05 and its 200-day moving average price is $13.16.

Institutional Investors Weigh In On Bitdeer Technologies Group

Large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Bitdeer Technologies Group by 3.2% during 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 during the period. Public Employees Retirement System of Ohio lifted its holdings in Bitdeer Technologies Group by 14.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 9,600 shares of the company's stock worth $208,000 after buying an additional 1,200 shares during the period. Wells Fargo & Company MN grew its position in shares of Bitdeer Technologies Group by 56.4% in the 4th quarter. Wells Fargo & Company MN now owns 4,270 shares of the company's stock worth $93,000 after buying an additional 1,540 shares during the last quarter. Quarry LP purchased a new position in shares of Bitdeer Technologies Group during the fourth quarter valued at approximately $42,000. Finally, Stonebridge Financial Group LLC bought a new position in shares of Bitdeer Technologies Group during the fourth quarter valued at approximately $65,000. 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.