Cantor Fitzgerald Boosts Bitdeer Technologies Group (NASDAQ:BTDR) Price Target to $23.00

Bitdeer Technologies Group (NASDAQ:BTDR - Get Free Report) had its price target lifted by analysts at Cantor Fitzgerald from $21.00 to $23.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Cantor Fitzgerald's price target would indicate a potential upside of 73.72% from the company's previous close.

BTDR has been the topic of several other reports. B. Riley increased their target price on Bitdeer Technologies Group from $17.00 to $18.00 and gave the stock a "buy" rating in a research report on Wednesday, May 28th. Benchmark reissued a "buy" rating and set a $24.00 price target on shares of Bitdeer Technologies Group in a report on Monday, May 12th. Wall Street Zen raised Bitdeer Technologies Group from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Rosenblatt Securities reissued a "buy" rating and set a $20.00 price target on shares of Bitdeer Technologies Group in a report on Monday, June 16th. Finally, Needham & Company LLC raised their price target on Bitdeer Technologies Group from $13.00 to $17.00 and gave the company a "buy" rating in a report on Friday, May 16th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $21.00.

Bitdeer Technologies Group Stock Up 0.5%

NASDAQ BTDR traded up $0.07 during trading hours on Thursday, hitting $13.24. The company had a trading volume of 4,464,125 shares, compared to its average volume of 5,214,909. Bitdeer Technologies Group has a fifty-two week low of $5.40 and a fifty-two week high of $26.99. The business has a fifty day simple moving average of $13.13 and a 200-day simple moving average of $13.46. The firm has a market cap of $1.48 billion, a P/E ratio of -3.25 and a beta of 2.22.

Institutional Inflows and Outflows

A number of 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 worth $636,000 after acquiring 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 worth $35,000 after acquiring 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 worth $208,000 after acquiring 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 worth $93,000 after acquiring an additional 1,540 shares during the period. Finally, Quarry LP acquired a new position in shares of Bitdeer Technologies Group in the 4th quarter valued at $42,000. 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.