Bitdeer Technologies Group (NASDAQ:BTDR) Price Target Lowered to $13.00 at Needham & Company LLC

Bitdeer Technologies Group (NASDAQ:BTDR) had its price target reduced by Needham & Company LLC from $15.00 to $13.00 in a research report released on Monday morning, MarketBeat reports. They currently have a buy rating on the stock.

BTDR has been the topic of several other research reports. Benchmark lowered their target price on shares of Bitdeer Technologies Group from $29.00 to $24.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Keefe, Bruyette & Woods assumed coverage on shares of Bitdeer Technologies Group in a research report on Monday, January 27th. They issued an “outperform” rating and a $26.50 price target on the stock. Rosenblatt Securities dropped their price objective on shares of Bitdeer Technologies Group from $25.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, April 10th. 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 report on Friday, January 10th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $23.50 price target (down from $29.00) on shares of Bitdeer Technologies Group in a report on Wednesday, February 26th. Ten research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $19.50.

Bitdeer Technologies Group Price Performance

Bitdeer Technologies Group stock opened at $7.60 on Monday. The business has a 50 day simple moving average of $10.38 and a 200 day simple moving average of $13.51. Bitdeer Technologies Group has a one year low of $5.25 and a one year high of $26.99. The company has a market capitalization of $850.94 million, a PE ratio of -14.62 and a beta of 2.25.

Hedge Funds Weigh In On Bitdeer Technologies Group

Several large investors have recently bought and sold shares of the business. Quarry LP bought a new position in shares of Bitdeer Technologies Group in the 4th quarter worth $42,000. Stonebridge Financial Group LLC bought a new position in Bitdeer Technologies Group during the fourth quarter worth about $65,000. SBI Securities Co. Ltd. acquired a new position in shares of Bitdeer Technologies Group during the 4th quarter worth about $79,000. Wells Fargo & Company MN increased its stake in shares of Bitdeer Technologies Group by 56.4% in the 4th quarter. Wells Fargo & Company MN now owns 4,270 shares of the company’s stock valued at $93,000 after acquiring an additional 1,540 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Bitdeer Technologies Group in the 4th quarter valued at about $116,000. 22.25% of the stock is currently owned by institutional investors and hedge funds.

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.