Bitdeer Technologies Group (NASDAQ:BTDR) Coverage Initiated by Analysts at Keefe, Bruyette & Woods

Equities researchers at Keefe, Bruyette & Woods assumed coverage on shares of Bitdeer Technologies Group (NASDAQ:BTDR) in a report issued on Monday,Briefing.com Automated Import reports. The firm set an “outperform” rating and a $26.50 price target on the stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 28.27% from the company’s current price.

Several other brokerages have also recently issued reports on BTDR. Cantor Fitzgerald restated an “overweight” rating and issued a $13.00 target price on shares of Bitdeer Technologies Group in a report on Thursday, October 3rd. Roth Mkm boosted their price target on shares of Bitdeer Technologies Group from $15.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. B. Riley raised their price objective on Bitdeer Technologies Group from $15.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Needham & Company LLC boosted their target price on Bitdeer Technologies Group from $14.00 to $22.00 and gave the company a “buy” rating in a report on Monday, January 13th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $22.00 target price on shares of Bitdeer Technologies Group in a research report on Monday, January 13th. Eleven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $21.50.

Bitdeer Technologies Group Stock Up 4.6 %

Shares of BTDR opened at $20.66 on Monday. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of -39.73 and a beta of 2.09. Bitdeer Technologies Group has a 52-week low of $5.23 and a 52-week high of $26.99. The stock has a 50 day moving average price of $18.78 and a 200 day moving average price of $11.83.

Hedge Funds Weigh In On Bitdeer Technologies Group

A number of hedge funds and other institutional investors have recently bought and sold shares of BTDR. Public Employees Retirement System of Ohio acquired a new position in Bitdeer Technologies Group during the 3rd quarter worth approximately $66,000. Centiva Capital LP purchased a new stake in shares of Bitdeer Technologies Group in the third quarter valued at approximately $91,000. International Assets Investment Management LLC acquired a new position in Bitdeer Technologies Group during the fourth quarter worth $308,000. Barclays PLC purchased a new position in Bitdeer Technologies Group in the third quarter worth $161,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Bitdeer Technologies Group in the third quarter valued at $169,000. 22.25% of the stock is currently owned by hedge funds and other institutional investors.

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.