BTGO (NYSE:BTGO) Now Covered by Analysts at Craig Hallum

Research analysts at Craig Hallum began coverage on shares of BTGO (NYSE:BTGO) in a research note issued on Tuesday. The brokerage set a “buy” rating and a $18.00 price target on the stock. Craig Hallum’s target price would suggest a potential upside of 68.70% from the company’s current price.

Several other research firms have also issued reports on BTGO. Wedbush started coverage on shares of BTGO in a research report on Tuesday. They issued an “outperform” rating and a $15.00 price target for the company. Wall Street Zen upgraded BTGO to a “hold” rating in a research note on Saturday, January 31st. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $16.40.

BTGO Trading Up 5.1%

Shares of BTGO stock opened at $10.67 on Tuesday. BTGO has a 52-week low of $9.66 and a 52-week high of $24.50.

Insiders Place Their Bets

In other news, insider Jeff Peter Horowitz sold 116,007 shares of the firm’s stock in a transaction on Friday, January 23rd. The stock was 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 directly owned 311,118 shares in the company, valued at approximately $5,208,115.32. This trade represents a 27.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Jody Mettler sold 25,000 shares of BTGO stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $16.74, for a total value of $418,500.00. Following the completion of the transaction, the chief operating officer directly owned 25,000 shares of the company’s stock, valued at $418,500. This represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 436,007 shares of company stock valued at $7,298,757 in the last 90 days.

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.