Bitdeer Technologies Group (NASDAQ:BTDR) Given “Overweight” Rating at Cantor Fitzgerald

Cantor Fitzgerald reiterated their overweight rating on shares of Bitdeer Technologies Group (NASDAQ:BTDR) in a report released on Tuesday morning, Benzinga reports. Cantor Fitzgerald currently has a $13.00 target price on the stock.

Several other brokerages have also issued reports on BTDR. Rosenblatt Securities restated a buy rating and set a $9.00 price target on shares of Bitdeer Technologies Group in a research note on Wednesday, August 14th. HC Wainwright decreased their price target on shares of Bitdeer Technologies Group from $20.00 to $17.00 and set a buy rating for the company in a research note on Tuesday, August 13th. Benchmark restated a buy rating and set a $16.00 price target on shares of Bitdeer Technologies Group in a research note on Tuesday, August 13th. Roth Mkm restated a buy rating and set a $14.00 price target on shares of Bitdeer Technologies Group in a research note on Monday, July 1st. Finally, Needham & Company LLC restated a buy rating and set a $14.00 price target on shares of Bitdeer Technologies Group in a research note on Tuesday, August 13th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of Buy and a consensus price target of $14.00.

Bitdeer Technologies Group Stock Down 8.3 %

Shares of BTDR stock opened at $6.00 on Tuesday. The company has a 50 day moving average of $8.96 and a 200-day moving average of $7.59. Bitdeer Technologies Group has a 12-month low of $2.77 and a 12-month high of $14.65. The firm has a market cap of $671.80 million, a P/E ratio of -14.63 and a beta of 1.96.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BTDR. Central Asset Investments & Management Holdings HK Ltd bought a new position in Bitdeer Technologies Group in the 2nd quarter valued at $272,000. XTX Topco Ltd bought a new position in Bitdeer Technologies Group in the 2nd quarter valued at $276,000. Virtu Financial LLC bought a new position in Bitdeer Technologies Group in the 1st quarter valued at $431,000. Symmetry Investments LP bought a new position in Bitdeer Technologies Group in the 2nd quarter valued at $432,000. Finally, Thomist Capital Management LP bought a new position in Bitdeer Technologies Group in the 2nd quarter valued at $1,156,000. 22.25% of the stock is owned by institutional investors.

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.