Bitdeer Technologies Group (NASDAQ:BTDR) Price Target Raised to $18.00 at HC Wainwright

Bitdeer Technologies Group (NASDAQ:BTDR) had its price objective hoisted by HC Wainwright from $17.00 to $18.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts also recently weighed in on the company. Needham & Company LLC reissued a “buy” rating and issued a $14.00 price target on shares of Bitdeer Technologies Group in a report on Thursday, September 26th. Rosenblatt Securities reaffirmed a “buy” rating and set a $9.00 price objective on shares of Bitdeer Technologies Group in a report on Tuesday, October 8th. Benchmark reissued a “buy” rating and set a $16.00 price objective on shares of Bitdeer Technologies Group in a research note on Tuesday, August 13th. Northland Securities upped 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 report on Tuesday. Finally, Northland Capmk raised Bitdeer Technologies Group to a “strong-buy” rating in a research report on Wednesday, October 9th. Ten equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $14.80.

Bitdeer Technologies Group Trading Down 5.9 %

Shares of BTDR opened at $11.19 on Tuesday. Bitdeer Technologies Group has a 12 month low of $3.97 and a 12 month high of $14.27. The stock has a fifty day moving average price of $8.35 and a 200-day moving average price of $8.11. The firm has a market cap of $1.25 billion, a PE ratio of -21.52 and a beta of 1.92.

Institutional Investors Weigh In On Bitdeer Technologies Group

Several institutional investors have recently made changes to their positions in BTDR. Public Employees Retirement System of Ohio acquired a new stake in Bitdeer Technologies Group in the third quarter valued at $66,000. Centiva Capital LP acquired a new position in Bitdeer Technologies Group during the third quarter worth about $91,000. Barclays PLC acquired a new stake in shares of Bitdeer Technologies Group in the third quarter valued at approximately $161,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Bitdeer Technologies Group during the 3rd quarter worth approximately $169,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Bitdeer Technologies Group during the 3rd quarter worth approximately $220,000. 22.25% of the stock is currently 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.