Bitdeer Technologies Group (NASDAQ:BTDR) Stock Falls 11% Following Analyst Downgrade

Shares of Bitdeer Technologies Group (NASDAQ:BTDR) dropped 11% during trading on Thursday after Barclays lowered their price target on the stock from $17.00 to $14.00. Barclays currently has an overweight rating on the stock. Bitdeer Technologies Group traded as low as $6.33 and last traded at $6.2580. Approximately 989,952 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 9,738,263 shares. The stock had previously closed at $7.03.

BTDR has been the subject of several other research reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $25.00 price target on shares of Bitdeer Technologies Group in a research note on Tuesday, September 15th. B. Riley Financial dropped their price objective on Bitdeer Technologies Group from $21.00 to $19.00 and set a “buy” rating on the stock in a research note on Friday, October 30th. Weiss Ratings downgraded Bitdeer Technologies Group from a “hold (c-)” rating to a “sell (d-)” rating in a report on Friday, October 2nd. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Bitdeer Technologies Group in a research report on Monday, October 26th. Finally, Benchmark reiterated a “buy” rating on shares of Bitdeer Technologies Group in a report on Tuesday, August 11th. Ten investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.10.

Insider Buying and Selling

In other Bitdeer Technologies Group news, insider Haris Basit purchased 25,000 shares of Bitdeer Technologies Group stock in a transaction dated Friday, August 14th. The stock was acquired at an average price of $8.84 per share, for a total transaction of $221,000.00. Following the acquisition, the insider owned 35,000 shares in the company, valued at $309,400. This trade represents a 250.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

More Bitdeer Technologies Group News

These are some of the BTDR news items that stood out recently:

• Positive Sentiment: Third-quarter revenue rose 89% year over year to $320.7 million, above the roughly $258 million analyst consensus. The company also reported $7.6 billion in expected contracted AI-platform revenue, highlighting potential beyond crypto mining. Bitdeer: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Barclays and Needham lowered their price targets to $14 and $18, respectively, but kept their ratings at “overweight” and “buy.” The target cuts temper the positive ratings, while signaling the analysts still see upside potential.
• Negative Sentiment: Bitdeer reported a third-quarter loss of $0.46 per share, worse than the $0.33 loss analysts expected. Northland Securities also lowered its Q4 and full-year 2026 EPS estimates, reinforcing concerns that the company’s losses may persist despite strong sales growth. Bitdeer shares rise as Q3 revenue jumps 89% despite earnings miss

Hedge Funds Weigh In On Bitdeer Technologies Group

Institutional investors have recently bought and sold shares of the business. Bank of America Corp DE lifted its holdings in Bitdeer Technologies Group by 1,366.7% during the first quarter. Bank of America Corp DE now owns 3,227,585 shares of the company’s stock worth $27,919,000 after buying an additional 3,007,523 shares during the period. Q Fund Management Hong Kong Ltd purchased a new position in shares of Bitdeer Technologies Group in the 3rd quarter valued at $3,321,000. Situational Awareness LP increased its holdings in shares of Bitdeer Technologies Group by 92.4% in the 1st quarter. Situational Awareness LP now owns 3,439,450 shares of the company’s stock valued at $29,751,000 after acquiring an additional 1,651,450 shares during the period. Engineers Gate Manager LP bought a new position in shares of Bitdeer Technologies Group in the 2nd quarter worth $2,115,000. Finally, Bank of Nova Scotia raised its position in shares of Bitdeer Technologies Group by 91.1% in the 1st quarter. Bank of Nova Scotia now owns 1,369,447 shares of the company’s stock worth $11,846,000 after acquiring an additional 652,874 shares in the last quarter. 22.25% of the stock is owned by hedge funds and other institutional investors.

Bitdeer Technologies Group Stock Down 9.3%

The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $1.45 billion, a PE ratio of -2.83 and a beta of 2.72. The business has a 50 day moving average of $9.55 and a two-hundred day moving average of $11.39.

Bitdeer Technologies Group (NASDAQ:BTDR) last issued its quarterly earnings data on Tuesday, November 10th. The company reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.13). Bitdeer Technologies Group had a negative net margin of 31.84% and a negative return on equity of 34.08%. The company had revenue of $320.75 million for the quarter, compared to the consensus estimate of $258.18 million. During the same period in the previous year, the business earned ($1.28) EPS. Bitdeer Technologies Group’s revenue for the quarter was up 89.0% compared to the same quarter last year. Analysts predict that Bitdeer Technologies Group will post -1.68 EPS for the current year.

Bitdeer Technologies Group Company Profile

Bitdeer Technologies Group is a technology company focused on cryptocurrency mining and related infrastructure. Its business includes operating mining data centers, mining digital assets for its own account, and providing hosting services that allow customers to deploy and operate mining equipment. The company also develops and sells cryptocurrency mining machines and offers cloud hash rate services, which provide customers access to computing capacity for mining without requiring them to operate the equipment themselves.