Needham & Company LLC Has Lowered Expectations for Bitdeer Technologies Group (NASDAQ:BTDR) Stock Price

Bitdeer Technologies Group (NASDAQ:BTDR) had its price objective reduced by Needham & Company LLC from $30.00 to $22.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s price objective indicates a potential upside of 112.15% from the stock’s current price.

BTDR has been the subject of several other research reports. Benchmark decreased their price objective on Bitdeer Technologies Group from $38.00 to $27.00 and set a “buy” rating for the company in a report on Tuesday. BTIG Research reiterated a “buy” rating on shares of Bitdeer Technologies Group in a research report on Friday, January 16th. B. Riley Financial reduced their target price on shares of Bitdeer Technologies Group from $32.00 to $29.00 and set a “buy” rating for the company in a research note on Wednesday, November 12th. HC Wainwright lowered their price target on shares of Bitdeer Technologies Group from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bitdeer Technologies Group in a report on Wednesday, January 21st. Ten analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Bitdeer Technologies Group has an average rating of “Moderate Buy” and a consensus target price of $26.60.

Bitdeer Technologies Group Stock Down 13.5%

Bitdeer Technologies Group stock opened at $10.37 on Friday. The firm has a 50 day moving average price of $12.29 and a 200-day moving average price of $14.79. The company has a quick ratio of 0.74, a current ratio of 0.90 and a debt-to-equity ratio of 0.46. Bitdeer Technologies Group has a twelve month low of $6.84 and a twelve month high of $27.80. The company has a market capitalization of $2.20 billion, a P/E ratio of -1.84 and a beta of 2.33.

Bitdeer Technologies Group (NASDAQ:BTDR) last announced its quarterly earnings data on Thursday, February 12th. The company reported ($0.73) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.59). Bitdeer Technologies Group had a negative net margin of 115.59% and a negative return on equity of 91.31%. The firm had revenue of $224.84 million for the quarter, compared to the consensus estimate of $208.25 million. Bitdeer Technologies Group’s revenue for the quarter was up 225.8% compared to the same quarter last year. As a group, equities analysts predict that Bitdeer Technologies Group will post -0.73 EPS for the current year.

Institutional Investors Weigh In On Bitdeer Technologies Group

A number of institutional investors and hedge funds have recently modified their holdings of BTDR. Swiss National Bank boosted its position in shares of Bitdeer Technologies Group by 11.6% in the fourth quarter. Swiss National Bank now owns 198,700 shares of the company’s stock valued at $2,227,000 after acquiring an additional 20,600 shares during the period. Nuveen LLC increased its holdings in Bitdeer Technologies Group by 17.8% during the 4th quarter. Nuveen LLC now owns 319,381 shares of the company’s stock worth $3,580,000 after acquiring an additional 48,304 shares during the period. Empowered Funds LLC purchased a new stake in Bitdeer Technologies Group in the 4th quarter worth approximately $34,000. Deutsche Bank AG boosted its holdings in Bitdeer Technologies Group by 7.2% in the 4th quarter. Deutsche Bank AG now owns 102,462 shares of the company’s stock valued at $1,149,000 after purchasing an additional 6,860 shares during the period. Finally, Franklin Resources Inc. bought a new position in Bitdeer Technologies Group in the 4th quarter valued at $173,000. 22.25% of the stock is owned by hedge funds and other institutional investors.

More Bitdeer Technologies Group News

Here are the key news stories impacting Bitdeer Technologies Group this week:

• Positive Sentiment: Q4 revenue and profitability highlights — total revenue surged year‑over‑year to $224.8M and the company reported a GAAP net profit and positive adjusted EBITDA for Q4. These operational improvements support Bitdeer’s pivot toward AI/colocation services. QuiverQuant: Strong Q4 Results
• Positive Sentiment: Analyst support remains mixed but constructive — several firms still carry buy/overweight ratings and HC Wainwright retained a “buy” while lowering its target to $25, leaving upside vs. current levels. HC Wainwright PT Lowered
• Neutral Sentiment: Short‑interest reports in the data feed show anomalous/zero figures and days‑to‑cover metrics that appear unreliable — no clear signal of an increase in sustained short pressure from those data entries.
• Negative Sentiment: EPS miss / mixed headline — diluted EPS came in worse than Wall Street consensus (MarketBeat/Zacks reported a $0.73 loss vs. an expected ~$0.14 loss on a diluted basis), which spooked traders despite the revenue beat. Zacks: Q4 Loss, Beats Revenue
• Negative Sentiment: Liquidity and cash‑flow concerns — the company reported very large net cash used in operating activities (~$599.5M for Q4) and sizable increases in inventories, prepayments and borrowings, raising short‑term financing and execution risk for the growth plan. Business Insider: Unaudited Financial Results
• Negative Sentiment: Non‑cash accounting effects cloud the print — large fair‑value gains on derivative liabilities and convertible note items materially boosted GAAP profit, making the underlying operating picture harder to judge and prompting skepticism from some investors and analysts. See company MD&A for details. Company Q4 Deck / MD&A
• Negative Sentiment: Analyst downgrades / pessimistic commentary — Benchmark issued a bearish forecast and at least one outlet flagged a downgrade that preceded intraday selling, adding to negative sentiment. Benchmark Pessimistic Forecast Analyst Downgrade / Shares Down

Bitdeer Technologies Group Company Profile

Bitdeer Technologies Group Inc (NASDAQ:BTDR) is a global digital asset mining and computing services provider focused on delivering secure and efficient hashrate solutions to institutional and retail customers. The company leverages its proprietary mining platform to offer hosted mining, hashrate sales and management services, enabling clients to access large-scale mining operations without direct investment in hardware or infrastructure.

Bitdeer’s core offerings include mining hosting services, whereby the firm installs, operates and maintains specialized mining equipment on behalf of customers, and hashrate-as-a-service products that provide fixed-capacity mining power with transparent pricing structures.