Bitdeer Technologies Group (NASDAQ:BTDR) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analyst consensus: 13 analysts give Bitdeer an average recommendation of "Moderate Buy" (9 buys, 2 holds, 2 sells) with a one‑year average price target of $24.20.
• Quarterly results showed an EPS miss of ($0.73) versus estimates of ($0.14) while revenue of $224.84M beat expectations and rose 225.8% year‑over‑year; analysts forecast about −0.83 EPS for the fiscal year.
• Institutional activity and stock metrics: Goldman Sachs increased its stake by 167.6% to 483,022 shares and institutions own 22.25% of the company; BTDR trades near $11.30 with a $2.39B market cap and a 12‑month range of $6.92–$27.80.

Bitdeer Technologies Group (NASDAQ:BTDR - Get Free Report) has earned an average recommendation of "Moderate Buy" from the thirteen analysts that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $24.20.

A number of research analysts recently weighed in on BTDR shares. Weiss Ratings reissued a "sell (d-)" rating on shares of Bitdeer Technologies Group in a research report on Monday, April 20th. Needham & Company LLC lowered their price objective on shares of Bitdeer Technologies Group from $30.00 to $22.00 and set a "buy" rating on the stock in a research report on Friday, February 13th. Cantor Fitzgerald lowered shares of Bitdeer Technologies Group from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $20.00 to $10.00 in a research report on Thursday, April 9th. BTIG Research reaffirmed a "buy" rating on shares of Bitdeer Technologies Group in a research report on Friday, January 16th. Finally, Benchmark lowered their price objective on shares of Bitdeer Technologies Group from $38.00 to $27.00 and set a "buy" rating on the stock in a research report on Tuesday, February 10th.

Institutional Trading of Bitdeer Technologies Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. boosted its holdings in Bitdeer Technologies Group by 167.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 483,022 shares of the company's stock worth $4,265,000 after buying an additional 302,548 shares during the period. Legal & General Group Plc raised its holdings in Bitdeer Technologies Group by 39.0% during the 2nd quarter. Legal & General Group Plc now owns 73,541 shares of the company's stock valued at $844,000 after acquiring an additional 20,640 shares during the period. New York State Common Retirement Fund bought a new stake in Bitdeer Technologies Group during the 2nd quarter valued at $326,000. Invesco Ltd. raised its holdings in Bitdeer Technologies Group by 169.0% during the 2nd quarter. Invesco Ltd. now owns 71,822 shares of the company's stock valued at $825,000 after acquiring an additional 45,120 shares during the period. Finally, Marshall Wace LLP bought a new stake in Bitdeer Technologies Group during the 2nd quarter valued at $1,558,000. Institutional investors own 22.25% of the company's stock.

Bitdeer Technologies Group Trading Down 1.8%

NASDAQ:BTDR opened at $11.30 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of -3.60 and a beta of 2.28. The firm has a fifty day simple moving average of $9.36 and a two-hundred day simple moving average of $12.70. Bitdeer Technologies Group has a 12 month low of $6.92 and a 12 month high of $27.80.

Bitdeer Technologies Group (NASDAQ:BTDR - Get Free Report) last posted its quarterly earnings results on Thursday, February 12th. The company reported ($0.73) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.59). The company had revenue of $224.84 million during the quarter, compared to analyst estimates of $208.25 million. Bitdeer Technologies Group had a return on equity of 8.92% and a net margin of 10.58%.The business's revenue for the quarter was up 225.8% compared to the same quarter last year. Analysts expect that Bitdeer Technologies Group will post -0.83 EPS for the current fiscal year.

Bitdeer Technologies Group Company Profile

Bitdeer Technologies Group Inc NASDAQ: BTDR is a global digital asset mining and computing services provider focused on delivering secure and efficient hashrate solutions to institutional and retail customers. The company leverages its proprietary mining platform to offer hosted mining, hashrate sales and management services, enabling clients to access large-scale mining operations without direct investment in hardware or infrastructure.

Bitdeer’s core offerings include mining hosting services, whereby the firm installs, operates and maintains specialized mining equipment on behalf of customers, and hashrate-as-a-service products that provide fixed-capacity mining power with transparent pricing structures.

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