Bitdeer Technologies Group (NASDAQ:BTDR) Earns Buy Rating from Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) in a research report report published on Monday,Benzinga reports. Rosenblatt Securities currently has a $22.00 target price on the stock.

BTDR has been the subject of several other research reports. Northland Capmk upgraded Bitdeer Technologies Group to a "strong-buy" rating in a research report on Wednesday, October 9th. HC Wainwright lifted their target price on Bitdeer Technologies Group from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Needham & Company LLC restated a "buy" rating and set a $14.00 price target on shares of Bitdeer Technologies Group in a report on Tuesday, November 19th. Benchmark lifted their price objective on shares of Bitdeer Technologies Group from $16.00 to $29.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Finally, Roth Mkm increased their target price on shares of Bitdeer Technologies Group from $15.00 to $29.00 and gave the company a "buy" rating in a research note on Tuesday, December 17th. Ten analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Bitdeer Technologies Group has a consensus rating of "Buy" and a consensus price target of $21.00.

Bitdeer Technologies Group Stock Performance

BTDR stock traded down $1.39 during trading on Monday, hitting $17.11. 5,140,861 shares of the company's stock traded hands, compared to its average volume of 8,758,477. Bitdeer Technologies Group has a 52 week low of $5.23 and a 52 week high of $26.99. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of -32.90 and a beta of 2.09. The business has a fifty day simple moving average of $16.84 and a 200 day simple moving average of $11.24.

Hedge Funds Weigh In On Bitdeer Technologies Group

A number of institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio bought a new position in Bitdeer Technologies Group in the third quarter worth approximately $66,000. Centiva Capital LP bought a new position in shares of Bitdeer Technologies Group during the 3rd quarter worth $91,000. Barclays PLC purchased a new position in shares of Bitdeer Technologies Group during the third quarter valued at $161,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Bitdeer Technologies Group during the third quarter valued at $169,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Bitdeer Technologies Group in the third quarter valued at about $220,000. 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.