Shares of BTGO (NYSE:BTGO – Get Free Report) saw an uptick in trading volume on Thursday . 527,654 shares changed hands during mid-day trading, a decline of 38% from the previous session’s volume of 851,832 shares.The stock last traded at $7.6230 and had previously closed at $8.12.
Analysts Set New Price Targets
Several brokerages recently commented on BTGO. Mizuho reduced their target price on BTGO from $17.00 to $14.00 and set an “outperform” rating for the company in a research report on Wednesday, April 1st. Rosenblatt Securities reduced their target price on BTGO from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, March 27th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $15.00 target price on shares of BTGO in a research report on Friday, March 27th. Wedbush reaffirmed an “outperform” rating and issued a $15.00 target price on shares of BTGO in a research report on Friday, March 27th. Finally, Craig Hallum began coverage on BTGO in a research report on Tuesday, February 17th. They issued a “buy” rating and a $18.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $15.14.
Get Our Latest Research Report on BTGO
BTGO Price Performance
BTGO (NYSE:BTGO – Get Free Report) last issued its quarterly earnings data on Wednesday, May 13th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.55). The business had revenue of $3.77 billion during the quarter. The business’s quarterly revenue was up 112.6% compared to the same quarter last year. On average, equities analysts anticipate that BTGO will post -0.24 EPS for the current fiscal year.
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.
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