Bitdeer Technologies Group’s (BTDR) Buy Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reiterated their buy rating on shares of Bitdeer Technologies Group (NASDAQ:BTDR) in a research report released on Monday morning,Benzinga reports. Rosenblatt Securities currently has a $22.00 price target on the stock.

Other equities analysts also recently issued reports about the stock. Alliance Global Partners initiated coverage on shares of Bitdeer Technologies Group in a report on Tuesday, October 8th. They issued a “buy” rating and a $14.00 price objective on the stock. Benchmark increased their price target on shares of Bitdeer Technologies Group from $16.00 to $29.00 and gave the company a “buy” rating in a report on Monday, December 9th. HC Wainwright boosted their price objective on Bitdeer Technologies Group from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Northland Capmk raised Bitdeer Technologies Group to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, Needham & Company LLC reissued a “buy” rating and set a $14.00 price target on shares of Bitdeer Technologies Group in a report on Tuesday, November 19th. Ten investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Bitdeer Technologies Group has an average rating of “Buy” and a consensus target price of $21.00.

Bitdeer Technologies Group Trading Up 9.5 %

BTDR stock opened at $20.84 on Monday. Bitdeer Technologies Group has a 1-year low of $5.23 and a 1-year high of $26.99. The business’s 50 day simple moving average is $17.07 and its 200 day simple moving average is $11.30. The firm has a market capitalization of $2.33 billion, a PE ratio of -40.08 and a beta of 2.09.

Institutional Investors Weigh In On Bitdeer Technologies Group

Large investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Bitdeer Technologies Group by 281.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 246,834 shares of the company’s stock worth $1,933,000 after acquiring an additional 182,110 shares during the period. Millennium Management LLC raised its position in Bitdeer Technologies Group by 901.0% during the second quarter. Millennium Management LLC now owns 410,359 shares of the company’s stock valued at $4,210,000 after purchasing an additional 369,363 shares in the last quarter. Mirabella Financial Services LLP acquired a new stake in shares of Bitdeer Technologies Group in the 3rd quarter valued at $5,872,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Bitdeer Technologies Group in the 3rd quarter valued at $220,000. Finally, Geode Capital Management LLC raised its holdings in shares of Bitdeer Technologies Group by 14.6% during the 3rd quarter. Geode Capital Management LLC now owns 368,564 shares of the company’s stock worth $2,886,000 after buying an additional 46,968 shares in the last quarter. 22.25% of the stock is currently owned by institutional investors and hedge funds.

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.