BTGO (NYSE:BTGO) Receives $16.05 Average Target Price from Analysts

Shares of BTGO (NYSE:BTGO) have earned an average recommendation of “Moderate Buy” from the fourteen brokerages that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $16.0455.

Several equities research analysts have recently issued reports on BTGO shares. Clear Str raised BTGO to a “strong-buy” rating in a report on Tuesday, February 17th. Keefe, Bruyette & Woods raised BTGO to a “hold” rating in a research note on Tuesday, February 17th. Wall Street Zen cut BTGO from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Compass Point started coverage on BTGO in a research report on Tuesday, February 17th. They set a “buy” rating and a $17.00 target price for the company. Finally, Craig Hallum began coverage on shares of BTGO in a report on Tuesday, February 17th. They issued a “buy” rating and a $18.00 target price for the company.

Insider Buying and Selling at BTGO

In related news, CFO Edward Reginelli sold 45,000 shares of the stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $16.74, for a total value of $753,300.00. Following the completion of the transaction, the chief financial officer owned 539,000 shares of the company’s stock, valued at approximately $9,022,860. This trade represents a 7.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jody Mettler sold 25,000 shares of BTGO stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $16.74, for a total value of $418,500.00. Following the completion of the transaction, the chief operating officer owned 25,000 shares of the company’s stock, valued at approximately $418,500. This represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 436,007 shares of company stock valued at $7,298,757.

BTGO Stock Performance

Shares of BTGO stock opened at $10.51 on Friday. BTGO has a 52 week low of $9.29 and a 52 week high of $24.50.

BTGO Company Profile

BitGo Holdings Inc is the digital asset infrastructure company delivering custody, wallets, staking, trading, financing, stablecoins and settlement services from regulated cold storage. BitGo Holdings Inc is based in NEW YORK.