Bitdeer Technologies Group’s (BTDR) Buy Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of Bitdeer Technologies Group (NASDAQ:BTDR) in a research report sent to investors on Monday morning,Benzinga reports. Rosenblatt Securities currently has a $20.00 price objective on the stock.

A number of other research firms have also recently weighed in on BTDR. Cantor Fitzgerald reiterated an “overweight” rating and set a $23.00 price target on shares of Bitdeer Technologies Group in a report on Friday, August 15th. B. Riley reiterated a “buy” rating on shares of Bitdeer Technologies Group in a report on Friday, August 15th. HC Wainwright increased their price target on Bitdeer Technologies Group from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Monday, August 18th. Benchmark reiterated a “buy” rating on shares of Bitdeer Technologies Group in a report on Friday, August 15th. Finally, Wall Street Zen cut Bitdeer Technologies Group from a “hold” rating to a “sell” rating in a report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $20.80.

Bitdeer Technologies Group Stock Up 3.4%

Shares of BTDR opened at $16.94 on Monday. Bitdeer Technologies Group has a 52-week low of $6.61 and a 52-week high of $26.99. The company has a market capitalization of $3.59 billion, a PE ratio of -3.60 and a beta of 2.23. The stock has a fifty day simple moving average of $13.66 and a two-hundred day simple moving average of $12.13. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 0.12.

Hedge Funds Weigh In On Bitdeer Technologies Group

Several hedge funds and other institutional investors have recently made changes to their positions in BTDR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Bitdeer Technologies Group by 3.2% during the 4th 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 in the last quarter. Main Management ETF Advisors LLC raised its position in shares of Bitdeer Technologies Group by 1.6% during the 2nd quarter. Main Management ETF Advisors LLC now owns 57,153 shares of the company’s stock worth $656,000 after acquiring an additional 924 shares in the last quarter. Stonebridge Financial Group LLC increased its position 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 buying an additional 1,000 shares during the period. Advisors Asset Management Inc. increased its position in Bitdeer Technologies Group by 68.4% during the second quarter. Advisors Asset Management Inc. now owns 2,570 shares of the company’s stock worth $30,000 after buying an additional 1,044 shares during the period. Finally, Public Employees Retirement System of Ohio increased its position 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 buying an additional 1,200 shares during the period. Hedge funds and other 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.