Analysts Set Bitdeer Technologies Group (NASDAQ:BTDR) PT at $21.50

Bitdeer Technologies Group (NASDAQ:BTDR) has been assigned a consensus recommendation of “Buy” from the twelve research firms that are currently covering the firm, Marketbeat.com reports. Eleven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $22.23.

A number of brokerages recently commented on BTDR. HC Wainwright raised their target price on Bitdeer Technologies Group from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. B. Riley boosted their price objective on Bitdeer Technologies Group from $15.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Benchmark raised their target price on shares of Bitdeer Technologies Group from $16.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Keefe, Bruyette & Woods started coverage on shares of Bitdeer Technologies Group in a research note on Monday, January 27th. They issued an “outperform” rating and a $26.50 price objective for the company. Finally, Needham & Company LLC upped their target price on shares of Bitdeer Technologies Group from $14.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, January 13th.

Bitdeer Technologies Group Trading Up 2.5 %

Shares of NASDAQ BTDR opened at $16.66 on Monday. Bitdeer Technologies Group has a 12-month low of $5.23 and a 12-month high of $26.99. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of -32.04 and a beta of 2.04. The firm has a 50 day moving average of $19.77 and a 200 day moving average of $12.25.

Institutional Investors Weigh In On Bitdeer Technologies Group

Hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its holdings in shares of Bitdeer Technologies Group by 49.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 368,778 shares of the company’s stock worth $7,991,000 after buying an additional 121,944 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Bitdeer Technologies Group during the fourth quarter worth approximately $79,000. Central Asset Investments & Management Holdings HK Ltd purchased a new stake in Bitdeer Technologies Group during the fourth quarter valued at approximately $1,361,000. Valliance Asset Management Ltd bought a new stake in shares of Bitdeer Technologies Group in the 4th quarter valued at approximately $217,000. Finally, Yong Rong HK Asset Management Ltd purchased a new position in shares of Bitdeer Technologies Group in the 4th quarter worth approximately $65,010,000. 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.