BTGO (NYSE:BTGO) Receives $16.35 Average Target Price from Brokerages

BTGO (NYSE:BTGO) has received an average recommendation of “Moderate Buy” from the thirteen analysts that are covering the company, MarketBeat Ratings reports. Two 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 12 month price target among analysts that have issued a report on the stock in the last year is $16.0455.

Several research firms have weighed in on BTGO. Zacks Research upgraded BTGO to a “hold” rating in a research note on Wednesday, February 18th. Craig Hallum began coverage on shares of BTGO in a report on Tuesday, February 17th. They issued a “buy” rating and a $18.00 target price on the stock. Compass Point initiated coverage on shares of BTGO in a research report on Tuesday, February 17th. They set a “buy” rating and a $17.00 target price for the company. Wedbush started coverage on shares of BTGO in a report on Tuesday, February 17th. They issued an “outperform” rating and a $15.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of BTGO in a research note on Tuesday, February 17th. They issued a “buy” rating and a $17.00 price target on the stock.

Insider Buying and Selling at BTGO

In other BTGO news, COO Jody Mettler sold 25,000 shares of the business’s stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $16.74, for a total transaction of $418,500.00. Following the transaction, the chief operating officer owned 25,000 shares in the company, valued at $418,500. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CRO Chen Fang sold 250,000 shares of the company’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $16.74, for a total transaction of $4,185,000.00. Following the transaction, the executive owned 1,233,491 shares in the company, valued at $20,648,639.34. The trade was a 16.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 436,007 shares of company stock valued at $7,298,757.

BTGO Stock Down 10.0%

BTGO stock opened at $9.46 on Tuesday. BTGO has a twelve month low of $9.29 and a twelve month 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.