Bitdeer Technologies Group (NASDAQ:BTDR) Cut to “Hold” at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods cut shares of Bitdeer Technologies Group (NASDAQ:BTDR) from a moderate buy rating to a hold rating in a report published on Monday,Zacks.com reports.

A number of other equities analysts have also issued reports on BTDR. Rosenblatt Securities set a $5.90 target price on Bitdeer Technologies Group in a research report on Wednesday, January 14th. B. Riley dropped their price target on shares of Bitdeer Technologies Group from $32.00 to $29.00 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Roth Mkm reiterated a “buy” rating and set a $40.00 price objective on shares of Bitdeer Technologies Group in a research note on Wednesday, October 15th. Cantor Fitzgerald decreased their price objective on shares of Bitdeer Technologies Group to $34.00 and set an “overweight” rating for the company in a report on Tuesday, December 16th. Finally, Benchmark reiterated a “buy” rating on shares of Bitdeer Technologies Group in a research report on Monday, October 20th. Nine investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $26.39.

Bitdeer Technologies Group Stock Performance

NASDAQ:BTDR opened at $13.97 on Monday. The firm has a 50-day moving average of $12.23 and a two-hundred day moving average of $14.91. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.90 and a quick ratio of 0.74. The stock has a market cap of $2.96 billion, a P/E ratio of -2.48 and a beta of 2.33. Bitdeer Technologies Group has a 1-year low of $6.84 and a 1-year high of $27.80.

Bitdeer Technologies Group (NASDAQ:BTDR) last announced its earnings results on Monday, November 10th. The company reported ($1.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($1.06). The business had revenue of $169.71 million for the quarter, compared to analysts’ expectations of $151.80 million. Bitdeer Technologies Group had a negative return on equity of 91.31% and a negative net margin of 115.59%.The firm’s revenue was up 173.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.35) earnings per share. On average, research analysts expect that Bitdeer Technologies Group will post -0.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bitdeer Technologies Group

Several large investors have recently made changes to their positions in BTDR. Goldman Sachs Group Inc. raised its holdings in shares of Bitdeer Technologies Group by 167.6% during the first quarter. Goldman Sachs Group Inc. now owns 483,022 shares of the company’s stock valued at $4,265,000 after buying an additional 302,548 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Bitdeer Technologies Group in the 2nd quarter valued at approximately $129,000. Amalgamated Bank bought a new stake in Bitdeer Technologies Group during the 2nd quarter valued at $35,000. Harvest Portfolios Group Inc. boosted its position in Bitdeer Technologies Group by 76.3% during the 2nd quarter. Harvest Portfolios Group Inc. now owns 64,469 shares of the company’s stock worth $740,000 after acquiring an additional 27,891 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Bitdeer Technologies Group during the 2nd quarter worth $207,000. Institutional investors and hedge funds own 22.25% of the company’s stock.

Key Stories Impacting Bitdeer Technologies Group

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

• Neutral Sentiment: Short‑interest data reported large increases but show 0 shares and NaN changes with a 0.0 days‑to‑cover figure — this looks like unreliable or incomplete reporting and shouldn’t be over‑interpreted.
• Negative Sentiment: Keefe, Bruyette & Woods downgraded BTDR from “moderate buy” to “hold” and cut its price target from $26.50 to $14.00, signaling reduced analyst confidence and removing upside support for the shares. Keefe Bruyette & Woods Downgrade
• Negative Sentiment: Multiple law firms (Rosen, Faruqi & Faruqi, Robbins LLP, Bernstein Liebhard, Kahn Swick & Foti and others) have issued shareholder alerts and motions related to a securities class action covering purchases from June 6, 2024 to Nov 10, 2025, and are reminding investors of a Feb 2 lead‑plaintiff deadline — this increases legal overhang and potential future liability. Rosen Law Firm Deadline Notice KSF Class Action Notice

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.