Bitdeer Technologies Group (NASDAQ:BTDR) Given New $15.00 Price Target at Needham & Company LLC

Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) had its price objective reduced by Needham & Company LLC from $18.00 to $15.00 in a report published on Wednesday morning, Marketbeat reports. Needham & Company LLC currently has a buy rating on the stock.

Other research analysts have also recently issued research reports about the stock. B. Riley lifted their target price on shares of Bitdeer Technologies Group from $15.00 to $24.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. Rosenblatt Securities lowered their target price on shares of Bitdeer Technologies Group from $30.00 to $25.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. Keefe, Bruyette & Woods initiated coverage on shares of Bitdeer Technologies Group in a research note on Monday, January 27th. They set an "outperform" rating and a $26.50 target price on the stock. Roth Mkm restated a "buy" rating and set a $23.50 target price (down previously from $29.00) on shares of Bitdeer Technologies Group in a research note on Wednesday, February 26th. Finally, HC Wainwright restated a "buy" rating and set a $21.00 target price (down previously from $22.00) on shares of Bitdeer Technologies Group in a research note on Wednesday, February 26th. Ten analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Bitdeer Technologies Group currently has a consensus rating of "Buy" and an average price target of $21.00.

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Bitdeer Technologies Group Stock Performance

Shares of Bitdeer Technologies Group stock traded up $0.01 on Wednesday, hitting $10.01. 4,160,260 shares of the company's stock were exchanged, compared to its average volume of 4,124,519. 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 simple moving average of $14.88 and a 200-day simple moving average of $13.29. The stock has a market capitalization of $1.12 billion, a PE ratio of -19.25 and a beta of 2.12.

Institutional Trading of Bitdeer Technologies Group

Large investors have recently made changes to their positions in the business. Quarry LP bought a new stake in shares of Bitdeer Technologies Group in the 4th quarter worth about $42,000. Stonebridge Financial Group LLC bought a new stake in shares of Bitdeer Technologies Group in the 4th quarter worth about $65,000. SBI Securities Co. Ltd. bought a new stake in shares of Bitdeer Technologies Group in the 4th quarter worth about $79,000. Wells Fargo & Company MN increased its holdings 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. Finally, Quantbot Technologies LP bought a new stake in shares of Bitdeer Technologies Group in the 4th quarter worth about $116,000. 22.25% of the stock is currently owned by 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.