Bitdeer Technologies Group (NASDAQ:BTDR) Stock Rating Reaffirmed by Benchmark

Bitdeer Technologies Group (NASDAQ:BTDR)‘s stock had its “buy” rating reaffirmed by equities researchers at Benchmark in a research note issued to investors on Monday, Benzinga reports. They presently have a $13.00 price target on the stock. Benchmark’s price target would suggest a potential upside of 139.85% from the company’s previous close.

Several other research firms have also recently issued reports on BTDR. HC Wainwright reissued a “buy” rating and set a $20.00 price target on shares of Bitdeer Technologies Group in a report on Tuesday, March 26th. B. Riley initiated coverage on shares of Bitdeer Technologies Group in a research report on Tuesday, March 12th. They set a “buy” rating and a $9.00 target price on the stock. Rosenblatt Securities initiated coverage on shares of Bitdeer Technologies Group in a research report on Tuesday, April 9th. They issued a “buy” rating and a $10.50 price target on the stock. BTIG Research initiated coverage on shares of Bitdeer Technologies Group in a research report on Wednesday, March 13th. They issued a “buy” rating and a $15.00 price target on the stock. Finally, Roth Mkm initiated coverage on shares of Bitdeer Technologies Group in a research report on Thursday, February 29th. They issued a “buy” rating and a $14.00 price target on the stock. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, Bitdeer Technologies Group has an average rating of “Buy” and a consensus price target of $13.64.

Bitdeer Technologies Group Price Performance

Shares of BTDR opened at $5.42 on Monday. Bitdeer Technologies Group has a 1-year low of $2.77 and a 1-year high of $14.65. The stock has a market cap of $606.88 million, a PE ratio of -12.90 and a beta of 1.70. The firm has a fifty day moving average price of $7.09 and a 200 day moving average price of $6.54.

Hedge Funds Weigh In On Bitdeer Technologies Group

Hedge funds have recently made changes to their positions in the business. UBS Group AG purchased a new position in shares of Bitdeer Technologies Group in the 3rd quarter valued at $35,000. Deutsche Bank AG purchased a new position in shares of Bitdeer Technologies Group in the 3rd quarter valued at $41,000. Barclays PLC purchased a new position in shares of Bitdeer Technologies Group in the 3rd quarter valued at $49,000. Wellington Management Group LLP purchased a new position in shares of Bitdeer Technologies Group in the 4th quarter valued at $116,000. Finally, Occudo Quantitative Strategies LP purchased a new position in shares of Bitdeer Technologies Group in the 4th quarter valued at $127,000. 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 the cryptocurrency mining community. It mines cryptocurrencies for its own account and serve the cryptocurrency mining community by providing cryptocurrency mining solution. The company handles various processes involved in mining, such as miner procurement, transport logistics, mining datacenter design and construction, mining machine management, and daily operations.