Bitdeer Technologies Group (NASDAQ:BTDR) Earns Overweight Rating from Cantor Fitzgerald

Cantor Fitzgerald reissued their overweight rating on shares of Bitdeer Technologies Group (NASDAQ:BTDR) in a report issued on Thursday, Benzinga reports. The brokerage currently has a $13.00 price objective on the stock.

A number of other research analysts also recently weighed in on BTDR. Benchmark reissued a buy rating and issued a $16.00 price target on shares of Bitdeer Technologies Group in a research note on Tuesday, August 13th. HC Wainwright cut their target price on Bitdeer Technologies Group from $20.00 to $17.00 and set a buy rating on the stock in a research note on Tuesday, August 13th. Needham & Company LLC restated a buy rating and set a $14.00 target price on shares of Bitdeer Technologies Group in a research report on Thursday, September 26th. Rosenblatt Securities reaffirmed a buy rating and issued a $9.00 price target on shares of Bitdeer Technologies Group in a research note on Wednesday, August 14th. Finally, Roth Mkm reissued a buy rating and set a $14.00 price objective on shares of Bitdeer Technologies Group in a research note on Monday, July 1st. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of Buy and an average target price of $14.00.

Bitdeer Technologies Group Stock Up 5.1 %

Shares of BTDR stock opened at $7.30 on Thursday. The firm has a market cap of $817.35 million, a price-to-earnings ratio of -17.80 and a beta of 1.92. Bitdeer Technologies Group has a 12 month low of $2.77 and a 12 month high of $14.27. The stock has a 50-day moving average price of $7.19 and a 200 day moving average price of $7.57.

Bitdeer Technologies Group (NASDAQ:BTDR) last issued its quarterly earnings results on Monday, August 12th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.06). Bitdeer Technologies Group had a negative return on equity of 2.56% and a negative net margin of 5.69%. The business had revenue of $99.23 million for the quarter, compared to analyst estimates of $110.79 million. Sell-side analysts predict that Bitdeer Technologies Group will post -0.17 earnings per share for the current fiscal year.

Institutional Trading of Bitdeer Technologies Group

A number of large investors have recently bought and sold shares of BTDR. Central Asset Investments & Management Holdings HK Ltd acquired a new position in shares of Bitdeer Technologies Group in the second quarter valued at approximately $272,000. XTX Topco Ltd bought a new stake in Bitdeer Technologies Group in the 2nd quarter valued at $276,000. Symmetry Investments LP acquired a new position in Bitdeer Technologies Group in the 2nd quarter worth $432,000. Virtu Financial LLC bought a new position in Bitdeer Technologies Group during the 1st quarter worth about $431,000. Finally, Thomist Capital Management LP acquired a new stake in shares of Bitdeer Technologies Group in the 2nd quarter valued at about $1,156,000. 22.25% of the stock is owned by institutional investors.

Bitdeer Technologies Group Company Profile

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.