BTGO (NYSE:BTGO) Receives $15.32 Average Target Price from Analysts

BTGO (NYSE:BTGO) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $15.3182.

BTGO has been the subject of a number of research reports. Cantor Fitzgerald cut their target price on shares of BTGO from $18.00 to $17.00 and set an “overweight” rating for the company in a research note on Friday, March 27th. Wells Fargo & Company initiated coverage on shares of BTGO in a research note on Tuesday, February 17th. They set an “overweight” rating and a $13.00 target price for the company. Deutsche Bank Aktiengesellschaft began coverage on shares of BTGO in a research note on Tuesday, February 17th. They set a “buy” rating and a $17.00 target price for the company. Keefe, Bruyette & Woods upgraded shares of BTGO to a “hold” rating in a research note on Tuesday, February 17th. Finally, Rosenblatt Securities dropped their price objective on shares of BTGO from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, March 27th.

Insider Activity

In other BTGO news, CRO Chen Fang sold 250,000 shares of the firm’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $16.74, for a total value of $4,185,000.00. Following the transaction, the executive directly owned 1,233,491 shares of the company’s stock, valued at $20,648,639.34. This trade represents a 16.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeff Peter Horowitz sold 116,007 shares of the firm’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $16.74, for a total transaction of $1,941,957.18. Following the completion of the transaction, the insider directly owned 311,118 shares in the company, valued at approximately $5,208,115.32. This represents a 27.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 436,007 shares of company stock valued at $7,298,757 in the last 90 days.

BTGO Stock Up 2.7%

NYSE BTGO opened at $8.56 on Wednesday. The business’s 50-day moving average is $10.06. BTGO has a 52-week low of $7.25 and a 52-week high of $24.50.

BTGO (NYSE:BTGO) last posted its earnings results on Thursday, March 26th. The company reported ($1.03) earnings per share (EPS) for the quarter. The firm had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.11 billion.

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.