BTGO (NYSE:BTGO) Given Consensus Recommendation of “Moderate Buy” by Analysts

BTGO (NYSE:BTGO) has been given a consensus rating of “Moderate Buy” by the fourteen research firms that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $16.0455.

A number of research analysts have recently commented on the company. The Goldman Sachs Group began coverage on BTGO in a research report on Tuesday, February 17th. They set a “neutral” rating and a $11.50 target price for the company. Wall Street Zen cut shares of BTGO from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Keefe, Bruyette & Woods raised shares of BTGO to a “hold” rating in a research note on Tuesday, February 17th. Cantor Fitzgerald started coverage on shares of BTGO in a research report on Tuesday, February 17th. They set an “overweight” rating and a $18.00 price objective for the company. Finally, Rosenblatt Securities initiated coverage on shares of BTGO in a research note on Tuesday, February 17th. They issued a “buy” rating and a $17.00 price objective for the company.

Insider Buying and Selling at BTGO

In related 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 transaction, the insider owned 311,118 shares of the company’s stock, valued at approximately $5,208,115.32. This trade represents a 27.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Chen Fang sold 250,000 shares of BTGO stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $16.74, for a total value of $4,185,000.00. Following the completion of the transaction, the executive 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 position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 436,007 shares of company stock worth $7,298,757 in the last 90 days.

BTGO Stock Down 1.8%

NYSE:BTGO opened at $10.51 on Friday. BTGO has a 1 year low of $9.29 and a 1 year high of $24.50.

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.