Bitdeer Technologies Group (NASDAQ:BTDR) Given New $24.00 Price Target at Northland Securities

Bitdeer Technologies Group (NASDAQ:BTDR) had its price target hoisted by Northland Securities from $20.00 to $24.00 in a research report released on Friday,Benzinga reports. Northland Securities currently has an outperform rating on the stock.

Several other equities analysts also recently weighed in on the company. B. Riley lifted their target price on Bitdeer Technologies Group from $15.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Needham & Company LLC reaffirmed a “buy” rating and set a $14.00 price objective on shares of Bitdeer Technologies Group in a research report on Tuesday, November 19th. Roth Mkm increased their target price on shares of Bitdeer Technologies Group from $15.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $13.00 price target on shares of Bitdeer Technologies Group in a report on Thursday, October 3rd. Finally, Alliance Global Partners assumed coverage on shares of Bitdeer Technologies Group in a research note on Tuesday, October 8th. They issued a “buy” rating and a $14.00 price objective for the company. Ten research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $20.20.

Bitdeer Technologies Group Trading Down 0.4 %

BTDR opened at $18.50 on Friday. The firm’s 50 day simple moving average is $16.64 and its two-hundred day simple moving average is $11.16. The company has a market capitalization of $2.07 billion, a PE ratio of -35.58 and a beta of 2.09. Bitdeer Technologies Group has a 1-year low of $5.23 and a 1-year high of $26.99.

Institutional Trading of Bitdeer Technologies Group

Several hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio purchased a new position in shares of Bitdeer Technologies Group during the third quarter valued at about $66,000. Centiva Capital LP purchased a new position in Bitdeer Technologies Group during the 3rd quarter valued at approximately $91,000. International Assets Investment Management LLC bought a new stake in Bitdeer Technologies Group in the 4th quarter worth approximately $308,000. Barclays PLC purchased a new stake in shares of Bitdeer Technologies Group during the 3rd quarter worth approximately $161,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Bitdeer Technologies Group during the 3rd quarter valued at approximately $169,000. Hedge funds and other institutional investors own 22.25% of the company’s stock.

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.