B. Riley Lowers Bitdeer Technologies Group (NASDAQ:BTDR) Price Target to $17.00

Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) had its target price reduced by B. Riley from $18.00 to $17.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a buy rating on the stock. B. Riley also issued estimates for Bitdeer Technologies Group's Q2 2025 earnings at ($0.19) EPS, Q3 2025 earnings at ($0.09) EPS, Q4 2025 earnings at ($0.21) EPS, FY2025 earnings at ($0.86) EPS, FY2026 earnings at ($0.28) EPS and FY2027 earnings at ($0.22) EPS.

Several other equities analysts have also issued reports on BTDR. 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. Cantor Fitzgerald boosted their price target on shares of Bitdeer Technologies Group from $21.00 to $23.00 and gave the company an "overweight" rating in a report on Thursday. Wall Street Zen raised shares of Bitdeer Technologies Group from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Needham & Company LLC boosted their price target on shares of Bitdeer Technologies Group from $13.00 to $17.00 and gave the company a "buy" rating in a report on Friday, May 16th. Finally, Benchmark reissued a "buy" rating and issued a $24.00 price target on shares of Bitdeer Technologies Group in a report on Monday, May 12th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Bitdeer Technologies Group presently has a consensus rating of "Buy" and an average price target of $21.00.

Bitdeer Technologies Group Stock Performance

BTDR traded up $0.07 during trading on Thursday, reaching $13.24. 4,464,125 shares of the company's stock were exchanged, compared to its average volume of 5,202,441. The company's fifty day moving average price is $13.08 and its 200-day moving average price is $13.68. Bitdeer Technologies Group has a fifty-two week low of $5.40 and a fifty-two week high of $26.99. The firm has a market capitalization of $1.48 billion, a PE ratio of -3.25 and a beta of 2.22.

Hedge Funds Weigh In On Bitdeer Technologies Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Stonebridge Financial Group LLC boosted its stake in Bitdeer Technologies Group by 33.3% in 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 during the period. Quarry LP acquired a new position in Bitdeer Technologies Group in the 4th quarter worth $42,000. Caitong International Asset Management Co. Ltd acquired a new position in Bitdeer Technologies Group in the 1st quarter worth $55,000. Wells Fargo & Company MN boosted its stake in Bitdeer Technologies Group by 56.4% in the 4th quarter. Wells Fargo & Company MN now owns 4,270 shares of the company's stock worth $93,000 after purchasing an additional 1,540 shares during the period. Finally, Quantbot Technologies LP acquired a new position in Bitdeer Technologies Group in the 4th quarter worth $116,000. 22.25% of the stock is owned by institutional investors and hedge funds.

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.