BTGO (NYSE:BTGO) Price Target Lowered to $17.00 at Citigroup

BTGO (NYSE:BTGO) had its target price reduced by Citigroup from $18.00 to $17.00 in a report released on Wednesday morning,Benzinga reports. Citigroup currently has a buy rating on the stock.

A number of other research analysts have also weighed in on the company. Rosenblatt Securities started coverage on BTGO in a report on Tuesday, February 17th. They issued a “buy” rating and a $17.00 target price on the stock. Compass Point started coverage on shares of BTGO in a research note on Tuesday, February 17th. They issued a “buy” rating and a $17.00 target price for the company. Wells Fargo & Company started coverage on shares of BTGO in a research report on Tuesday, February 17th. They set an “overweight” rating and a $13.00 price target on the stock. Craig Hallum started coverage on shares of BTGO in a report on Tuesday, February 17th. They set a “buy” rating and a $18.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of BTGO in a research report on Tuesday, February 17th. They issued a “buy” rating and a $17.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $15.95.

BTGO Stock Performance

NYSE:BTGO opened at $10.08 on Wednesday. BTGO has a one year low of $9.29 and a one year high of $24.50.

Insider Activity at BTGO

In other BTGO news, CRO Chen Fang sold 250,000 shares of the stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $16.74, for a total transaction of $4,185,000.00. Following the completion of the transaction, the executive directly owned 1,233,491 shares of the company’s stock, valued at approximately $20,648,639.34. This represents a 16.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Edward Reginelli sold 45,000 shares of the stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $16.74, for a total value of $753,300.00. Following the transaction, the chief financial officer directly owned 539,000 shares of the company’s stock, valued at approximately $9,022,860. This trade represents a 7.71% decrease in their ownership of the stock. 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 worth $7,298,757.

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.