Bitdeer Technologies Group (NASDAQ:BTDR) Price Target Lowered to $25.00 at Rosenblatt Securities

Bitdeer Technologies Group (NASDAQ:BTDR) had its target price lowered by investment analysts at Rosenblatt Securities from $30.00 to $25.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Rosenblatt Securities’ target price would suggest a potential upside of 143.10% from the stock’s current price.

Several other equities analysts also recently weighed in on the company. B. Riley raised their price target on Bitdeer Technologies Group from $15.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Keefe, Bruyette & Woods assumed coverage on shares of Bitdeer Technologies Group in a research report on Monday, January 27th. They set an “outperform” rating and a $26.50 price objective on the stock. Northland Securities lifted their target price on shares of Bitdeer Technologies Group from $20.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Needham & Company LLC reduced their price target on shares of Bitdeer Technologies Group from $22.00 to $18.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. Finally, Benchmark lowered their price objective on Bitdeer Technologies Group from $29.00 to $24.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Ten investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $21.30.

Bitdeer Technologies Group Stock Down 0.6 %

Bitdeer Technologies Group stock opened at $10.28 on Monday. The stock’s 50 day moving average is $15.84 and its 200 day moving average is $13.16. The company has a market capitalization of $1.15 billion, a P/E ratio of -19.86 and a beta of 2.12. Bitdeer Technologies Group has a twelve month low of $5.23 and a twelve month high of $26.99.

Institutional Trading of Bitdeer Technologies Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Bitdeer Technologies Group during the fourth quarter valued at approximately $566,000. Public Employees Retirement System of Ohio increased its position in Bitdeer Technologies Group by 14.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 9,600 shares of the company’s stock worth $208,000 after purchasing an additional 1,200 shares during the last quarter. Two Seas Capital LP bought a new position in Bitdeer Technologies Group during the fourth quarter valued at $9,384,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Bitdeer Technologies Group by 118.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 61,254 shares of the company’s stock worth $1,327,000 after buying an additional 33,182 shares in the last quarter. Finally, Voloridge Investment Management LLC bought a new stake in shares of Bitdeer Technologies Group in the 4th quarter worth about $16,834,000. 22.25% of the stock is currently 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.