BTGO (NYSE:BTGO) Given New $14.00 Price Target at Mizuho

BTGO (NYSE:BTGO) had its price objective trimmed by Mizuho from $17.00 to $14.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other equities research analysts have also recently issued reports on BTGO. Zacks Research upgraded BTGO to a “hold” rating in a report on Wednesday, February 18th. The Goldman Sachs Group reduced their target price on BTGO from $12.00 to $10.50 and set a “neutral” rating for the company in a report on Friday, March 27th. Wedbush restated an “outperform” rating and issued a $15.00 target price on shares of BTGO in a research report on Friday, March 27th. Keefe, Bruyette & Woods raised BTGO to a “hold” rating in a research note on Tuesday, February 17th. Finally, Clear Str upgraded BTGO to a “strong-buy” rating in a research report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $15.32.

BTGO Stock Up 2.3%

Shares of NYSE BTGO opened at $8.42 on Wednesday. The business has a fifty day moving average of $10.69. BTGO has a one year low of $7.25 and a one year high of $24.50.

BTGO (NYSE:BTGO) last posted its quarterly earnings data on Thursday, March 26th. The company reported ($1.03) earnings per share (EPS) for the quarter. The business had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.11 billion.

Insider Buying and Selling at BTGO

In other BTGO news, insider Jeff Peter Horowitz sold 116,007 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 $1,941,957.18. Following the completion of the sale, the insider owned 311,118 shares in the company, valued at approximately $5,208,115.32. This represents a 27.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Chen Fang sold 250,000 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $20,648,639.34. This trade represents a 16.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 436,007 shares of company stock worth $7,298,757 in the last 90 days.

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.