Bitdeer Technologies Group (NASDAQ:BTDR) Price Target Raised to $15.00

Bitdeer Technologies Group (NASDAQ:BTDR) had its price objective upped by Roth Mkm from $14.00 to $15.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

BTDR has been the topic of a number of other research reports. Alliance Global Partners began 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. HC Wainwright lifted their target price on Bitdeer Technologies Group from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday. B. Riley lowered their price objective on Bitdeer Technologies Group from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $13.00 price target on shares of Bitdeer Technologies Group in a research report on Thursday, October 3rd. Finally, Northland Securities lifted their target price on shares of Bitdeer Technologies Group from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Tuesday. Ten investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $14.80.

Bitdeer Technologies Group Trading Up 3.1 %

NASDAQ:BTDR opened at $11.54 on Tuesday. The company has a market cap of $1.29 billion, a PE ratio of -22.19 and a beta of 1.92. Bitdeer Technologies Group has a 12 month low of $4.10 and a 12 month high of $14.27. The company has a 50 day simple moving average of $8.44 and a two-hundred day simple moving average of $8.15.

Institutional Inflows and Outflows

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