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

Bitdeer Technologies Group (NASDAQ:BTDR) had its target price trimmed by Rosenblatt Securities from $30.00 to $25.00 in a research report released on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

Other research analysts have also issued research reports about the stock. B. Riley boosted their price objective on shares of Bitdeer Technologies Group from $15.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Needham & Company LLC reduced their price target on Bitdeer Technologies Group from $22.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Benchmark lowered their price objective on Bitdeer Technologies Group from $29.00 to $24.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. Northland Securities boosted their target price on Bitdeer Technologies Group from $20.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Finally, Roth Mkm reiterated a “buy” rating and issued a $23.50 price target (down from $29.00) on shares of Bitdeer Technologies Group in a research note on Wednesday, February 26th. Ten investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $21.00.

Bitdeer Technologies Group Stock Performance

Shares of Bitdeer Technologies Group stock opened at $10.57 on Monday. The company has a market capitalization of $1.18 billion, a PE ratio of -20.33 and a beta of 2.12. The company has a 50-day simple moving average of $15.22 and a two-hundred day simple moving average of $13.19. Bitdeer Technologies Group has a one year low of $5.23 and a one year high of $26.99.

Institutional Trading of Bitdeer Technologies Group

Several large investors have recently added to or reduced their stakes in BTDR. Charles Schwab Investment Management Inc. raised its stake in shares of Bitdeer Technologies Group by 281.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 246,834 shares of the company’s stock worth $1,933,000 after purchasing an additional 182,110 shares during the last quarter. Mirabella Financial Services LLP acquired a new position in Bitdeer Technologies Group in the 3rd quarter worth approximately $5,872,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Bitdeer Technologies Group during the 3rd quarter worth approximately $169,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Bitdeer Technologies Group during the 3rd quarter valued at approximately $220,000. Finally, Centiva Capital LP purchased a new stake in shares of Bitdeer Technologies Group in the 3rd quarter valued at $91,000. Hedge funds and other institutional investors own 22.25% of the company’s stock.

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.