Bitdeer Technologies Group (NASDAQ:BTDR) Given Buy Rating at Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) in a report issued on Monday morning,Benzinga reports. The firm currently has a $20.00 price objective on the stock.

Several other analysts also recently commented on the company. HC Wainwright reissued a "buy" rating and issued a $21.00 price objective (down from $22.00) on shares of Bitdeer Technologies Group in a research note on Wednesday, February 26th. 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 report on Friday, May 16th. Wall Street Zen raised Bitdeer Technologies Group from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. B. Riley increased their price target on Bitdeer Technologies Group from $17.00 to $18.00 and gave the company a "buy" rating in a research report on Wednesday, May 28th. Finally, Roth Mkm reaffirmed a "buy" rating and set a $23.50 price target (down from $29.00) on shares of Bitdeer Technologies Group in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Bitdeer Technologies Group currently has an average rating of "Buy" and an average price target of $20.10.

Bitdeer Technologies Group Stock Performance

Shares of Bitdeer Technologies Group stock traded down $0.90 on Monday, hitting $11.80. The company had a trading volume of 11,644,989 shares, compared to its average volume of 5,068,865. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of -2.89 and a beta of 2.32. Bitdeer Technologies Group has a 1 year low of $5.40 and a 1 year high of $26.99. The stock has a 50 day moving average of $12.02 and a 200-day moving average of $14.46.

Hedge Funds Weigh In On Bitdeer Technologies Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Bitdeer Technologies Group by 3.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,358 shares of the company's stock valued at $636,000 after purchasing an additional 916 shares during the period. Stonebridge Financial Group LLC grew its holdings in Bitdeer Technologies Group by 33.3% during the first quarter. Stonebridge Financial Group LLC now owns 4,000 shares of the company's stock valued at $35,000 after purchasing an additional 1,000 shares during the period. Public Employees Retirement System of Ohio grew its holdings in Bitdeer Technologies Group by 14.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 9,600 shares of the company's stock valued at $208,000 after purchasing an additional 1,200 shares during the period. Wells Fargo & Company MN grew its holdings in Bitdeer Technologies Group by 56.4% during the fourth quarter. Wells Fargo & Company MN now owns 4,270 shares of the company's stock valued at $93,000 after purchasing an additional 1,540 shares during the period. Finally, Quarry LP bought a new position in Bitdeer Technologies Group during the fourth quarter valued at $42,000. 22.25% of the stock is owned by institutional investors.

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.