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

Rosenblatt Securities reissued their buy rating on shares of Bitdeer Technologies Group (NASDAQ:BTDR) in a research report report published on Monday,Benzinga reports. The firm currently has a $30.00 target price on the stock.

Several other equities analysts have also recently issued reports on BTDR. Needham & Company LLC lifted their price objective on shares of Bitdeer Technologies Group from $14.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. HC Wainwright lifted their price target on shares of Bitdeer Technologies Group from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Benchmark raised their price objective on Bitdeer Technologies Group from $16.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Keefe, Bruyette & Woods began coverage on Bitdeer Technologies Group in a report on Monday, January 27th. They issued an “outperform” rating and a $26.50 target price on the stock. Finally, Roth Mkm upped their target price on Bitdeer Technologies Group from $15.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Eleven 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, Bitdeer Technologies Group has a consensus rating of “Buy” and a consensus price target of $21.18.

Bitdeer Technologies Group Stock Performance

BTDR opened at $10.25 on Monday. The stock’s fifty day moving average is $18.60 and its 200-day moving average is $12.79. Bitdeer Technologies Group has a one year low of $5.23 and a one year high of $26.99. The company has a market capitalization of $1.15 billion, a PE ratio of -19.71 and a beta of 2.04.

Hedge Funds Weigh In On Bitdeer Technologies Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Yong Rong HK Asset Management Ltd purchased a new stake in shares of Bitdeer Technologies Group in the fourth quarter worth approximately $65,010,000. Trivest Advisors Ltd purchased a new stake in Bitdeer Technologies Group in the 4th quarter worth approximately $48,481,000. Van ECK Associates Corp acquired a new stake in shares of Bitdeer Technologies Group during the 4th quarter valued at $29,125,000. Renaissance Technologies LLC grew its holdings in shares of Bitdeer Technologies Group by 3,558.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,240,261 shares of the company’s stock valued at $26,876,000 after acquiring an additional 1,206,361 shares in the last quarter. Finally, Vident Advisory LLC increased its stake in shares of Bitdeer Technologies Group by 29.7% in the fourth quarter. Vident Advisory LLC now owns 1,139,619 shares of the company’s stock worth $24,696,000 after acquiring an additional 260,649 shares during the last quarter. Hedge funds and other institutional investors own 22.25% of the company’s stock.

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.