Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) had its target price upped by Rosenblatt Securities from $17.00 to $22.00 in a research note published on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.
BTDR has been the topic of several other reports. Alliance Global Partners initiated coverage on shares of Bitdeer Technologies Group in a report on Tuesday, October 8th. They issued a "buy" rating and a $14.00 price objective on the stock. Needham & Company LLC reissued a "buy" rating and issued a $14.00 price target on shares of Bitdeer Technologies Group in a report on Tuesday, November 19th. Northland Capmk upgraded shares of Bitdeer Technologies Group to a "strong-buy" rating in a research report on Wednesday, October 9th. Northland Securities upped their target price on Bitdeer Technologies Group from $14.00 to $20.00 and gave the company an "outperform" rating in a research report on Friday. Finally, HC Wainwright increased their target price on Bitdeer Technologies Group from $17.00 to $18.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Ten equities research analysts have rated the stock with a buy rating and one has assigned 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 $15.90.
Check Out Our Latest Stock Analysis on Bitdeer Technologies Group
Bitdeer Technologies Group Stock Performance
Shares of NASDAQ BTDR traded up $4.03 during midday trading on Friday, hitting $21.01. 18,361,410 shares of the company's stock were exchanged, compared to its average volume of 7,567,068. Bitdeer Technologies Group has a 12 month low of $5.21 and a 12 month high of $22.01. The company's 50 day moving average price is $9.62 and its 200 day moving average price is $8.66.
Hedge Funds Weigh In On Bitdeer Technologies Group
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mirabella Financial Services LLP bought a new position in Bitdeer Technologies Group in the 3rd quarter valued at about $5,872,000. D1 Capital Partners L.P. bought a new position in Bitdeer Technologies Group in the second quarter valued at approximately $5,386,000. Marshall Wace LLP bought a new stake in Bitdeer Technologies Group during the second quarter worth $5,074,000. Point72 Asset Management L.P. acquired a new stake in Bitdeer Technologies Group in the second quarter valued at about $4,617,000. Finally, Point72 Hong Kong Ltd acquired a new position in Bitdeer Technologies Group during the second quarter worth about $4,510,000. 22.25% of the stock is owned by institutional investors and hedge funds.
Bitdeer Technologies Group Company Profile
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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.
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