Bitdeer Technologies Group (NASDAQ:BTDR) Price Target Raised to $22.00 at Needham & Company LLC

Bitdeer Technologies Group (NASDAQ:BTDR - Get Free Report) had its target price lifted by investment analysts at Needham & Company LLC from $14.00 to $22.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Needham & Company LLC's price objective points to a potential upside of 28.58% from the stock's previous close.

BTDR has been the topic of a number of other reports. Benchmark upped their price target on Bitdeer Technologies Group from $16.00 to $29.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. Alliance Global Partners began coverage on Bitdeer Technologies Group in a research report on Tuesday, October 8th. They set a "buy" rating and a $14.00 target price on the stock. Northland Capmk raised Bitdeer Technologies Group to a "strong-buy" rating in a report on Wednesday, October 9th. Northland Securities upped their price objective on shares of Bitdeer Technologies Group from $20.00 to $24.00 and gave the company an "outperform" rating in a report on Friday. Finally, B. Riley lifted their target price 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. Ten investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $21.00.

Bitdeer Technologies Group Stock Down 7.5 %

Shares of Bitdeer Technologies Group stock traded down $1.39 on Monday, reaching $17.11. The stock had a trading volume of 5,140,861 shares, compared to its average volume of 8,758,477. Bitdeer Technologies Group has a 1 year low of $5.23 and a 1 year high of $26.99. The company has a 50 day moving average price of $16.84 and a 200 day moving average price of $11.24. The stock has a market capitalization of $1.92 billion, a P/E ratio of -32.90 and a beta of 2.09.

Institutional Trading of Bitdeer Technologies Group

Several large investors have recently made changes to their positions in the business. Mirabella Financial Services LLP acquired a new position in Bitdeer Technologies Group during the third quarter valued at $5,872,000. D1 Capital Partners L.P. acquired a new position in shares of Bitdeer Technologies Group in the 2nd quarter valued at about $5,386,000. Marshall Wace LLP purchased a new stake in shares of Bitdeer Technologies Group in the second quarter worth about $5,074,000. Point72 Asset Management L.P. acquired a new position in Bitdeer Technologies Group in the second quarter valued at approximately $4,617,000. Finally, Point72 Hong Kong Ltd purchased a new stake in Bitdeer Technologies Group in the 2nd quarter worth approximately $4,510,000. 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.