Northland Capmk Has Negative Outlook of BTDR Q2 Earnings

Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) - Equities researchers at Northland Capmk lowered their Q2 2025 earnings per share estimates for Bitdeer Technologies Group in a research report issued on Monday, June 16th. Northland Capmk analyst M. Grondahl now anticipates that the company will post earnings of ($0.18) per share for the quarter, down from their prior estimate of ($0.17). The consensus estimate for Bitdeer Technologies Group's current full-year earnings is ($0.73) per share. Northland Capmk also issued estimates for Bitdeer Technologies Group's FY2025 earnings at ($0.88) EPS.

Other equities analysts have also issued research reports about the stock. Rosenblatt Securities reiterated a "buy" rating and set a $20.00 price objective on shares of Bitdeer Technologies Group in a report on Monday. B. Riley increased their price target on Bitdeer Technologies Group from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Wednesday, May 28th. Benchmark restated a "buy" rating and set a $24.00 price objective on shares of Bitdeer Technologies Group in a report on Monday, May 12th. Roth Mkm reaffirmed a "buy" rating and issued a $23.50 price objective (down from $29.00) on shares of Bitdeer Technologies Group in a research note on Wednesday, February 26th. Finally, Wall Street Zen upgraded Bitdeer Technologies Group from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $20.10.

Bitdeer Technologies Group Price Performance

Shares of Bitdeer Technologies Group stock traded down $0.90 during trading on Wednesday, reaching $11.80. 11,644,989 shares of the company traded hands, compared to its average volume of 5,068,865. The firm has a market capitalization of $1.32 billion, a PE 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 company has a 50 day moving average price of $12.11 and a 200-day moving average price of $14.45.

Institutional Trading of Bitdeer Technologies Group

Several hedge funds have recently added to or reduced their stakes in BTDR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Bitdeer Technologies Group by 3.2% in 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 last quarter. Stonebridge Financial Group LLC raised its stake in shares of Bitdeer Technologies Group by 33.3% in the first quarter. Stonebridge Financial Group LLC now owns 4,000 shares of the company's stock valued at $35,000 after buying an additional 1,000 shares during the period. Public Employees Retirement System of Ohio lifted its position in shares of Bitdeer Technologies Group by 14.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 9,600 shares of the company's stock valued at $208,000 after buying an additional 1,200 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Bitdeer Technologies Group by 56.4% during the 4th 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 bought a new position in shares of Bitdeer Technologies Group during the 4th quarter worth $42,000. Institutional investors own 22.25% of the company's stock.

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.