Needham & Company LLC Cuts Bitdeer Technologies Group (NASDAQ:BTDR) Price Target to $22.00

Bitdeer Technologies Group (NASDAQ:BTDR) had its target price cut by Needham & Company LLC from $30.00 to $22.00 in a research note released on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts also recently issued reports on BTDR. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bitdeer Technologies Group in a report on Wednesday, January 21st. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $14.00 price target (down from $26.50) on shares of Bitdeer Technologies Group in a research note on Tuesday, January 27th. Rosenblatt Securities cut their price objective on Bitdeer Technologies Group from $30.00 to $18.00 and set a “buy” rating for the company in a report on Monday, February 9th. Cantor Fitzgerald lowered their target price on Bitdeer Technologies Group to $34.00 and set an “overweight” rating on the stock in a report on Tuesday, December 16th. Finally, HC Wainwright reduced their price target on shares of Bitdeer Technologies Group from $30.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday. Ten research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $26.60.

Bitdeer Technologies Group Stock Down 2.8%

BTDR stock opened at $10.08 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 0.28. The business has a 50 day moving average of $12.25 and a 200 day moving average of $14.78. Bitdeer Technologies Group has a twelve month low of $6.84 and a twelve month high of $27.80. The firm has a market cap of $2.13 billion, a PE ratio of -3.21 and a beta of 2.33.

Bitdeer Technologies Group (NASDAQ:BTDR) last released its earnings results on Thursday, February 12th. The company reported ($0.73) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.59). Bitdeer Technologies Group had a return on equity of 8.92% and a net margin of 10.58%.The company had revenue of $224.84 million during the quarter, compared to analysts’ expectations of $208.25 million. Bitdeer Technologies Group’s quarterly revenue was up 225.8% compared to the same quarter last year. On average, research analysts forecast that Bitdeer Technologies Group will post -0.73 EPS for the current fiscal year.

Institutional Investors Weigh In On Bitdeer Technologies Group

Institutional investors have recently bought and sold shares of the business. Fund Resources Investment Holding Group Co Ltd purchased a new position in shares of Bitdeer Technologies Group in the fourth quarter valued at about $102,732,000. Bank of America Corp DE lifted its holdings in Bitdeer Technologies Group by 67.5% in the 2nd quarter. Bank of America Corp DE now owns 6,337,339 shares of the company’s stock worth $72,753,000 after purchasing an additional 2,553,093 shares in the last quarter. Azora Capital LP bought a new position in Bitdeer Technologies Group in the 3rd quarter worth approximately $23,817,000. Geode Capital Management LLC boosted its stake in Bitdeer Technologies Group by 197.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,592,504 shares of the company’s stock worth $18,280,000 after purchasing an additional 1,057,552 shares during the period. Finally, Situational Awareness LP grew its holdings in Bitdeer Technologies Group by 92.3% during the 4th quarter. Situational Awareness LP now owns 1,788,000 shares of the company’s stock valued at $20,043,000 after buying an additional 858,400 shares in the last quarter. Hedge funds and other institutional investors own 22.25% of the company’s stock.

More Bitdeer Technologies Group News

Here are the key news stories impacting Bitdeer Technologies Group this week:

• Positive Sentiment: Very strong top-line growth and strategic update — Q4 revenue jumped year‑over‑year to about $224.8M and management emphasized a shift into AI/high‑performance compute and colocation that could unlock higher‑margin growth over time. Adjusted EBITDA was reported positive (US$31.2M) and Quiver/press coverage highlighted a GAAP net profit of US$70.5M for Q4. Read More.
• Neutral Sentiment: Consensus and analyst stance remains mixed‑to‑supportive — Street consensus is a “Moderate Buy” even as individual firms adjust targets; the stock still has multiple buy ratings on the books which supports longer‑term upside narratives. Read More.
• Neutral Sentiment: Short‑interest data in recent feeds looks anomalous (shows 0 shares / 0 days to cover) and is likely a data/reporting glitch — not meaningful to the trading move. (No external link; entry flagged in data feed.)
• Negative Sentiment: EPS and margin disappointment — the company reported ($0.73) EPS vs. consensus (~$0.14 loss expected on some publications), and gross margin compressed to ~4.7% in Q4; several outlets noted margin decline as a key negative driver. Read More.
• Negative Sentiment: Cash flow and balance‑sheet pressure — net cash used in operating activities was very large (~US$599.5M for Q4), cash balances fell to ~US$149M, and material borrowings/derivative liabilities remain on the balance sheet — these raise liquidity and funding questions despite the revenue/earnings headlines. Read More.
• Negative Sentiment: Analyst target cuts and downgrades pressured sentiment — Needham and HC Wainwright trimmed price targets (to $22 and $25) and at least one outlet reported an analyst downgrade, contributing to the intra‑day weakness. Read More. Read More.

Bitdeer Technologies Group Company Profile

Bitdeer Technologies Group Inc (NASDAQ:BTDR) is a global digital asset mining and computing services provider focused on delivering secure and efficient hashrate solutions to institutional and retail customers. The company leverages its proprietary mining platform to offer hosted mining, hashrate sales and management services, enabling clients to access large-scale mining operations without direct investment in hardware or infrastructure.

Bitdeer’s core offerings include mining hosting services, whereby the firm installs, operates and maintains specialized mining equipment on behalf of customers, and hashrate-as-a-service products that provide fixed-capacity mining power with transparent pricing structures.