Bitdeer Technologies Group (NASDAQ:BTDR) Price Target Raised to $18.00 at HC Wainwright

Bitdeer Technologies Group (NASDAQ:BTDR) had its price target boosted by HC Wainwright from $17.00 to $18.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts have also recently issued reports about the stock. Alliance Global Partners assumed coverage on shares of Bitdeer Technologies Group in a research note on Tuesday, October 8th. They set a “buy” rating and a $14.00 price target on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $9.00 target price on shares of Bitdeer Technologies Group in a report on Tuesday, October 8th. Northland Capmk raised Bitdeer Technologies Group to a “strong-buy” rating in a research note on Wednesday, October 9th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $13.00 price objective on shares of Bitdeer Technologies Group in a research note on Thursday, October 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $14.00 target price on shares of Bitdeer Technologies Group in a research report on Thursday, September 26th. Ten research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $14.80.

Bitdeer Technologies Group Price Performance

Bitdeer Technologies Group stock opened at $11.54 on Tuesday. The stock’s 50 day moving average price is $8.15 and its 200 day moving average price is $8.07. Bitdeer Technologies Group has a 1-year low of $3.91 and a 1-year high of $14.27. The company has a market cap of $1.29 billion, a PE ratio of -22.19 and a beta of 1.92.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new stake in shares of Bitdeer Technologies Group during the 3rd quarter worth about $66,000. Centiva Capital LP acquired a new stake in Bitdeer Technologies Group during the third quarter worth approximately $91,000. Barclays PLC acquired a new stake in Bitdeer Technologies Group during the third quarter worth approximately $161,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Bitdeer Technologies Group in the 3rd quarter worth approximately $169,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Bitdeer Technologies Group in the 3rd quarter valued at $220,000. Institutional investors and hedge funds own 22.25% of the company’s stock.

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.