BTGO (NYSE:BTGO) Shares Gap Down Following Analyst Downgrade

Shares of BTGO (NYSE:BTGO) gapped down prior to trading on Friday after Cantor Fitzgerald lowered their price target on the stock from $18.00 to $17.00. The stock had previously closed at $9.10, but opened at $8.70. Cantor Fitzgerald currently has an overweight rating on the stock. BTGO shares last traded at $8.0360, with a volume of 432,925 shares changing hands.

Several other equities analysts have also commented on BTGO. Wall Street Zen lowered shares of BTGO from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Wedbush restated an “outperform” rating and issued a $15.00 target price on shares of BTGO in a report on Friday. Deutsche Bank Aktiengesellschaft assumed coverage on shares of BTGO in a research report on Tuesday, February 17th. They set a “buy” rating and a $17.00 target price on the stock. The Goldman Sachs Group began coverage on BTGO in a research report on Tuesday, February 17th. They issued a “neutral” rating and a $11.50 price target for the company. Finally, Wells Fargo & Company began coverage on BTGO in a research note on Tuesday, February 17th. They set an “overweight” rating and a $13.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $15.68.

Insider Activity

In other news, insider Jeff Peter Horowitz sold 116,007 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 $1,941,957.18. Following the sale, the insider owned 311,118 shares of the company’s stock, valued at approximately $5,208,115.32. This represents a 27.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Jody Mettler sold 25,000 shares of the firm’s stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $16.74, for a total transaction of $418,500.00. Following the completion of the sale, the chief operating officer owned 25,000 shares of the company’s stock, valued at $418,500. This trade represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 436,007 shares of company stock valued at $7,298,757 over the last ninety days.

More BTGO News

Here are the key news stories impacting BTGO this week:

• Positive Sentiment: Company reported robust Q4 and full-year 2025 results, including a more-than-400% jump in Q4 revenue and commentary around becoming the first public, federally chartered digital-asset infrastructure company — this drove after-hours buying. BitGo Holdings Announces Fourth Quarter and Full Year 2025 Financial Results BitGo stock up in after hours after more than 400% jump in Q4 revenue
• Positive Sentiment: Partnership with zkSync to build a tokenized deposit platform for banks (Prividium blockchain) signals new revenue streams and product expansion into tokenized deposits for regulated financial institutions; testing underway with 2025 rollout planned. BitGo (BTGO) Partners with ZKsync to Launch Tokenized Deposit Platform for Banks
• Positive Sentiment: Launched institutional OTC access to prediction markets with Susquehanna Crypto — another institutional product rollout that broadens BitGo’s custody/trading connectivity and could support fee-based revenue growth. BitGo and Susquehanna Crypto launch institutional OTC access to predictions markets
• Neutral Sentiment: Wedbush reaffirmed an “outperform” rating and set a $15 price target — supportive endorsement but no change to view; the PT implies ~65% upside vs. current price. Benzinga (Wedbush reaffirmation)
• Neutral Sentiment: Canaccord Genuity reiterated a “buy” rating with a $15 target — another analyst aligning on the same $15 level, reinforcing consensus upside but not altering immediate sell-side conviction. Benzinga (Canaccord reaffirmation)
• Negative Sentiment: Rosenblatt cut its price target from $17 to $15 while keeping a “buy” rating — a modest downward revision to near-term analyst expectations that could temper upside momentum despite the maintained positive rating. Benzinga (Rosenblatt lowers PT)

BTGO Price Performance

The firm’s 50-day moving average is $10.93.

About BTGO

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.