Brokers Issue Forecasts for BTDR Q1 Earnings

Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) - Analysts at B. Riley issued their Q1 2025 EPS estimates for Bitdeer Technologies Group in a report issued on Monday, April 28th. B. Riley analyst N. Giles forecasts that the company will post earnings per share of ($0.43) for the quarter. The consensus estimate for Bitdeer Technologies Group's current full-year earnings is ($0.73) per share. B. Riley also issued estimates for Bitdeer Technologies Group's Q2 2025 earnings at ($0.08) EPS, Q4 2025 earnings at ($0.13) EPS, FY2025 earnings at ($0.68) EPS and FY2026 earnings at $0.00 EPS.

BTDR has been the subject of a number of other reports. Benchmark decreased their price objective on Bitdeer Technologies Group from $29.00 to $24.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Rosenblatt Securities decreased their price target on shares of Bitdeer Technologies Group from $25.00 to $12.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. HC Wainwright reaffirmed a "buy" rating and issued a $21.00 price objective (down previously from $22.00) on shares of Bitdeer Technologies Group in a research report on Wednesday, February 26th. Keefe, Bruyette & Woods assumed coverage on shares of Bitdeer Technologies Group in a research report on Monday, January 27th. They set an "outperform" rating and a $26.50 target price for the company. Finally, Northland Securities lifted their price target on shares of Bitdeer Technologies Group from $20.00 to $24.00 and gave the stock an "outperform" rating in a report on Friday, January 10th. Ten analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $19.50.

Bitdeer Technologies Group Stock Performance

Bitdeer Technologies Group stock traded up $0.54 during mid-day trading on Thursday, reaching $10.79. 1,596,084 shares of the company were exchanged, compared to its average volume of 4,592,289. The firm has a market cap of $1.21 billion, a P/E ratio of -20.76 and a beta of 2.24. The business has a fifty day moving average of $9.60 and a 200 day moving average of $13.68. Bitdeer Technologies Group has a 12-month low of $5.25 and a 12-month high of $26.99.

Hedge Funds Weigh In On Bitdeer Technologies Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FengHe Fund Management Pte. Ltd. acquired a new position in shares of Bitdeer Technologies Group in the fourth quarter valued at about $10,378,000. Barclays PLC acquired a new stake in Bitdeer Technologies Group during the 3rd quarter worth about $161,000. Geode Capital Management LLC lifted its holdings in shares of Bitdeer Technologies Group by 14.6% in the 3rd quarter. Geode Capital Management LLC now owns 368,564 shares of the company's stock valued at $2,886,000 after buying an additional 46,968 shares during the period. Renaissance Technologies LLC grew its holdings in Bitdeer Technologies Group by 3,558.6% during the fourth 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. Finally, Yong Rong HK Asset Management Ltd acquired a new position in Bitdeer Technologies Group in the fourth quarter valued at approximately $65,010,000. Hedge funds and other 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.