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

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

Other equities analysts have also issued reports about the company. Wall Street Zen raised Bitdeer Technologies Group from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Cantor Fitzgerald increased their price target on Bitdeer Technologies Group from $21.00 to $23.00 and gave the company an "overweight" rating in a research note on Thursday. Needham & Company LLC increased their price target on Bitdeer Technologies Group from $13.00 to $17.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Benchmark reissued a "buy" rating and set a $24.00 price target on shares of Bitdeer Technologies Group in a research note on Monday, May 12th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $20.00 price objective on shares of Bitdeer Technologies Group in a research note on Monday, June 16th. One investment 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. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $21.00.

Bitdeer Technologies Group Price Performance

Shares of NASDAQ BTDR traded up $0.07 during mid-day trading on Thursday, reaching $13.24. The company's stock had a trading volume of 4,464,125 shares, compared to its average volume of 5,214,909. The firm has a market capitalization of $1.48 billion, a PE ratio of -3.25 and a beta of 2.22. The stock has a fifty day moving average of $13.13 and a two-hundred day moving average of $13.54. Bitdeer Technologies Group has a 52 week low of $5.40 and a 52 week high of $26.99.

Institutional Trading of Bitdeer Technologies Group

A number of institutional investors have recently made changes to their positions in BTDR. Trivest Advisors Ltd acquired a new stake in shares of Bitdeer Technologies Group in the 4th quarter worth $48,481,000. Renaissance Technologies LLC lifted its position in Bitdeer Technologies Group by 3,558.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,240,261 shares of the company's stock worth $26,876,000 after acquiring an additional 1,206,361 shares during the period. FengHe Fund Management Pte. Ltd. lifted its position in Bitdeer Technologies Group by 178.2% during the 1st quarter. FengHe Fund Management Pte. Ltd. now owns 1,332,200 shares of the company's stock worth $11,763,000 after acquiring an additional 853,300 shares during the period. Voloridge Investment Management LLC acquired a new stake in Bitdeer Technologies Group during the 4th quarter worth about $16,834,000. Finally, Capital Fund Management S.A. acquired a new stake in Bitdeer Technologies Group during the 1st quarter worth about $6,835,000. Institutional investors and hedge funds 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.