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

Rosenblatt Securities reissued their buy rating on shares of Bitdeer Technologies Group (NASDAQ:BTDR) in a research note issued to investors on Wednesday morning,Benzinga reports. The firm currently has a $20.00 target price on the stock.

A number of other analysts have also weighed in on BTDR. B. Riley reissued a “buy” rating on shares of Bitdeer Technologies Group in a research report on Friday, August 15th. BTIG Research increased their price objective on shares of Bitdeer Technologies Group from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday. Cantor Fitzgerald reissued an “overweight” rating and issued a $23.00 price objective on shares of Bitdeer Technologies Group in a research report on Friday, August 15th. Needham & Company LLC reissued a “buy” rating and issued a $17.00 price objective on shares of Bitdeer Technologies Group in a research report on Friday, August 15th. Finally, Roth Capital increased their price objective on shares of Bitdeer Technologies Group from $18.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Twelve research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $27.58.

Bitdeer Technologies Group Stock Down 7.2%

Shares of NASDAQ BTDR opened at $24.02 on Wednesday. The firm’s 50-day moving average price is $16.21 and its 200-day moving average price is $13.48. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $5.09 billion, a price-to-earnings ratio of -5.11 and a beta of 2.25. Bitdeer Technologies Group has a 12-month low of $6.84 and a 12-month high of $27.80.

Institutional Investors Weigh In On Bitdeer Technologies Group

Several institutional investors have recently bought and sold shares of the company. Advisors Asset Management Inc. raised its holdings in shares of Bitdeer Technologies Group by 68.4% in the second quarter. Advisors Asset Management Inc. now owns 2,570 shares of the company’s stock worth $30,000 after buying an additional 1,044 shares during the last quarter. Stonebridge Financial Group LLC raised its holdings in shares of Bitdeer Technologies Group by 33.3% in the first quarter. Stonebridge Financial Group LLC now owns 4,000 shares of the company’s stock worth $35,000 after buying an additional 1,000 shares during the last quarter. Amalgamated Bank purchased a new position in shares of Bitdeer Technologies Group in the second quarter worth $35,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Bitdeer Technologies Group in the first quarter worth $55,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Bitdeer Technologies Group by 7,157.0% in the second quarter. Tower Research Capital LLC TRC now owns 7,257 shares of the company’s stock worth $83,000 after buying an additional 7,157 shares during the last quarter. 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.