BTGO (NYSE:BTGO – Get Free Report) shares saw strong trading volume on Friday . 925,992 shares were traded during trading, an increase of 13% from the previous session’s volume of 820,148 shares.The stock last traded at $8.8440 and had previously closed at $9.86.
Wall Street Analyst Weigh In
BTGO has been the topic of a number of research reports. Compass Point initiated coverage on BTGO in a report on Tuesday, February 17th. They issued a “buy” rating and a $17.00 price target on the stock. Rosenblatt Securities reduced their price objective on BTGO from $17.00 to $15.00 and set a “buy” rating for the company in a report on Friday, March 27th. The Goldman Sachs Group decreased their target price on BTGO from $12.00 to $10.50 and set a “neutral” rating on the stock in a research report on Friday, March 27th. Wells Fargo & Company initiated coverage on BTGO in a report on Tuesday, February 17th. They issued an “overweight” rating and a $13.00 target price on the stock. Finally, Clear Str upgraded BTGO to a “strong-buy” rating in a research report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.14.
View Our Latest Report on BTGO
BTGO Stock Down 10.5%
BTGO (NYSE:BTGO – Get Free Report) last released its quarterly earnings results on Wednesday, May 13th. The company reported ($0.62) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.55). The business had revenue of $3.77 billion during the quarter. The company’s revenue was up 112.6% compared to the same quarter last year. As a group, analysts predict that BTGO will post 0.05 earnings per share for the current year.
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.
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