Needham & Company LLC Cuts Bitdeer Technologies Group (NASDAQ:BTDR) Price Target to $18.00

Bitdeer Technologies Group (NASDAQ:BTDR) had its target price trimmed by Needham & Company LLC from $22.00 to $18.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts have also recently commented on the stock. Benchmark boosted their price target on shares of Bitdeer Technologies Group from $16.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Northland Securities boosted their price target on shares of Bitdeer Technologies Group from $20.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. B. Riley boosted their price target on shares of Bitdeer Technologies Group from $15.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Keefe, Bruyette & Woods started 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 target on the stock. Finally, Roth Mkm boosted their price target on shares of Bitdeer Technologies Group from $15.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Eleven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Bitdeer Technologies Group presently has an average rating of “Buy” and an average target price of $21.18.

Bitdeer Technologies Group Trading Up 13.0 %

Shares of NASDAQ BTDR opened at $12.31 on Wednesday. The company has a fifty day moving average price of $18.29 and a 200 day moving average price of $12.81. Bitdeer Technologies Group has a 1-year low of $5.23 and a 1-year high of $26.99. The firm has a market cap of $1.38 billion, a PE ratio of -23.67 and a beta of 2.04.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP acquired a new position in Bitdeer Technologies Group in the 4th quarter valued at about $42,000. Stonebridge Financial Group LLC acquired a new position in Bitdeer Technologies Group in the 4th quarter valued at about $65,000. Public Employees Retirement System of Ohio acquired a new position in Bitdeer Technologies Group in the 3rd quarter valued at about $66,000. SBI Securities Co. Ltd. acquired a new position in Bitdeer Technologies Group in the 4th quarter valued at about $79,000. Finally, Centiva Capital LP acquired a new position in Bitdeer Technologies Group in the 3rd quarter valued at about $91,000. Institutional investors and hedge funds 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.