Bitdeer Technologies Group (NASDAQ:BTDR) Given New $17.00 Price Target at B. Riley

Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) had its price target decreased by B. Riley from $18.00 to $17.00 in a research note released on Thursday morning,Benzinga reports. B. Riley currently has 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.

BTDR has been the topic of several other research reports. Cantor Fitzgerald raised their target price on shares of Bitdeer Technologies Group from $21.00 to $23.00 and gave the company an "overweight" rating in a research note on Thursday. Rosenblatt Securities restated a "buy" rating and set a $20.00 price objective on shares of Bitdeer Technologies Group in a research report on Monday, June 16th. Benchmark restated a "buy" rating and set a $24.00 price objective on shares of Bitdeer Technologies Group in a research report on Monday, May 12th. Wall Street Zen upgraded shares of Bitdeer Technologies Group from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, Needham & Company LLC lifted their target price on shares of Bitdeer Technologies Group from $13.00 to $17.00 and gave the company a "buy" rating in a research note on Friday, May 16th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $21.00.

Bitdeer Technologies Group Stock Up 4.9%

Bitdeer Technologies Group stock traded up $0.65 during trading hours on Thursday, hitting $13.82. 1,129,955 shares of the company traded hands, compared to its average volume of 5,187,190. The firm has a market cap of $1.55 billion, a P/E ratio of -3.39 and a beta of 2.22. The firm's 50-day simple moving average is $13.08 and its two-hundred day simple moving average is $13.68. Bitdeer Technologies Group has a 1-year low of $5.40 and a 1-year high of $26.99.

Institutional Investors Weigh In On Bitdeer Technologies Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Trivest Advisors Ltd bought a new stake in Bitdeer Technologies Group in the 4th quarter valued at $48,481,000. FengHe Fund Management Pte. Ltd. increased its holdings in Bitdeer Technologies Group by 178.2% in the 1st quarter. FengHe Fund Management Pte. Ltd. now owns 1,332,200 shares of the company's stock valued at $11,763,000 after buying an additional 853,300 shares during the period. Renaissance Technologies LLC increased its holdings in Bitdeer Technologies Group by 3,558.6% in the 4th quarter. Renaissance Technologies LLC now owns 1,240,261 shares of the company's stock valued at $26,876,000 after buying an additional 1,206,361 shares during the period. Vident Advisory LLC increased its holdings in Bitdeer Technologies Group by 29.7% in the 4th quarter. Vident Advisory LLC now owns 1,139,619 shares of the company's stock valued at $24,696,000 after buying an additional 260,649 shares during the period. Finally, Voloridge Investment Management LLC bought a new stake in Bitdeer Technologies Group in the 4th quarter valued at $16,834,000. 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.