Bitdeer Technologies Group (NASDAQ:BTDR) Price Target Raised to $19.00

Bitdeer Technologies Group (NASDAQ:BTDR) had its price target upped by HC Wainwright from $18.00 to $19.00 in a research note published on Monday,Benzinga reports. They currently have a buy rating on the stock.

BTDR has been the topic of several other reports. Wall Street Zen upgraded shares of Bitdeer Technologies Group from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd. B. Riley restated a “buy” rating on shares of Bitdeer Technologies Group in a research note on Friday, August 15th. Cantor Fitzgerald restated an “overweight” rating and set a $23.00 price objective on shares of Bitdeer Technologies Group in a research note on Friday, August 15th. Needham & Company LLC restated a “buy” rating and set a $17.00 price objective on shares of Bitdeer Technologies Group in a research note on Friday, August 15th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $20.00 price target on shares of Bitdeer Technologies Group in a report on Monday, June 16th. One analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the stock. According to MarketBeat.com, Bitdeer Technologies Group currently has a consensus rating of “Buy” and a consensus price target of $20.80.

Bitdeer Technologies Group Price Performance

Bitdeer Technologies Group stock opened at $12.94 on Monday. The firm has a market capitalization of $1.45 billion, a PE ratio of -2.75 and a beta of 2.23. The company’s 50-day moving average is $12.96 and its 200-day moving average is $12.25. Bitdeer Technologies Group has a fifty-two week low of $5.40 and a fifty-two week high of $26.99.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Advisors Asset Management Inc. grew its position in shares of Bitdeer Technologies Group by 68.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,570 shares of the company’s stock worth $30,000 after purchasing an additional 1,044 shares in the last quarter. Stonebridge Financial Group LLC grew its position in shares of Bitdeer Technologies Group by 33.3% during the 1st quarter. Stonebridge Financial Group LLC now owns 4,000 shares of the company’s stock worth $35,000 after purchasing an additional 1,000 shares in the last quarter. Amalgamated Bank acquired a new position in shares of Bitdeer Technologies Group during the 2nd quarter worth approximately $35,000. Quarry LP acquired a new position in shares of Bitdeer Technologies Group during the 4th quarter worth approximately $42,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Bitdeer Technologies Group during the 1st quarter worth approximately $55,000. 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.