Bitdeer Technologies Group’s (BTDR) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Bitdeer Technologies Group (NASDAQ:BTDR) in a research report sent to investors on Tuesday morning,Benzinga reports. Needham & Company LLC currently has a $14.00 price objective on the stock.

Other analysts have also recently issued research reports about the stock. B. Riley decreased their price target on shares of Bitdeer Technologies Group from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, October 11th. HC Wainwright raised their target price on Bitdeer Technologies Group from $17.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday. Cantor Fitzgerald reissued an “overweight” rating and set a $13.00 price target on shares of Bitdeer Technologies Group in a research note on Thursday, October 3rd. Benchmark restated a “buy” rating and set a $16.00 target price on shares of Bitdeer Technologies Group in a report on Tuesday, August 13th. Finally, Northland Securities upped their price objective on Bitdeer Technologies Group from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Tuesday. Ten analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $14.80.

Bitdeer Technologies Group Price Performance

Shares of BTDR opened at $11.19 on Tuesday. Bitdeer Technologies Group has a 1-year low of $3.97 and a 1-year high of $14.27. The stock has a market cap of $1.25 billion, a PE ratio of -21.52 and a beta of 1.92. The firm has a fifty day moving average price of $8.35 and a 200 day moving average price of $8.11.

Hedge Funds Weigh In On Bitdeer Technologies Group

Several large investors have recently modified their holdings of the stock. Barclays PLC acquired a new position in Bitdeer Technologies Group in the third quarter worth $161,000. Geode Capital Management LLC boosted its position in shares of Bitdeer Technologies Group by 14.6% during the third quarter. Geode Capital Management LLC now owns 368,564 shares of the company’s stock worth $2,886,000 after buying an additional 46,968 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Bitdeer Technologies Group in the third quarter worth $66,000. Y Intercept Hong Kong Ltd increased its stake in Bitdeer Technologies Group by 96.8% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 44,328 shares of the company’s stock valued at $347,000 after buying an additional 21,798 shares during the period. Finally, State Street Corp bought a new stake in Bitdeer Technologies Group during the third quarter worth approximately $1,510,000. Institutional investors own 22.25% of the company’s stock.

Bitdeer Technologies Group Company Profile

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.