BTGO (NYSE:BTGO) Cut to Sell at Wall Street Zen

BTGO (NYSE:BTGO) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

BTGO has been the subject of several other research reports. Mizuho began coverage on shares of BTGO in a research report on Tuesday. They set an “outperform” rating and a $17.00 price target for the company. Craig Hallum started coverage on shares of BTGO in a research report on Tuesday. They set a “buy” rating and a $18.00 price target on the stock. Wedbush assumed coverage on BTGO in a research report on Tuesday. They issued an “outperform” rating and a $15.00 price objective for the company. Zacks Research upgraded BTGO to a “hold” rating in a research report on Wednesday. Finally, Compass Point assumed coverage on BTGO in a report on Tuesday. They set a “buy” rating and a $17.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, BTGO currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.05.

BTGO Stock Down 1.0%

BTGO stock opened at $10.49 on Friday. BTGO has a 12 month low of $9.52 and a 12 month high of $24.50.

Insider Buying and Selling at BTGO

In other BTGO news, COO Jody Mettler sold 25,000 shares of the firm’s stock in a transaction that occurred on 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 owned 25,000 shares of the company’s stock, valued at $418,500. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jeff Peter Horowitz sold 116,007 shares of the company’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 sale, the insider directly owned 311,118 shares in the company, valued at $5,208,115.32. This represents a 27.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 436,007 shares of company stock worth $7,298,757 over the last ninety days.

BTGO News Roundup

Here are the key news stories impacting BTGO this week:

• Positive Sentiment: BitGo and Figure completed the first blockchain‑native equity trades on Figure’s Alternative Trading System, marking a practical milestone for tokenized equities that leverages BitGo’s regulated custody infrastructure — a product win that supports future institutional revenue opportunities. Article Title
• Positive Sentiment: BitGo was named the issuer and primary custodian of FYUSD, a U.S. dollar‑backed stablecoin aimed at institutional use in Asian markets — an expansion that could broaden custody and issuance revenue and deepen BitGo’s role in international stablecoin markets. Article Title
• Positive Sentiment: Multiple major brokerages and research firms initiated coverage or began reporting on BTGO (including Deutsche Bank, Citi, Goldman Sachs, Canaccord, Mizuho, Rosenblatt, Wedbush, Compass Point, Craig Hallum), increasing analyst attention and investor visibility — typically supportive for trading liquidity and valuation discovery. Article Title
• Positive Sentiment: Clear Str LLC upgraded BTGO to a “strong‑buy,” which could attract buyer interest from institutions that follow or mirror that shop’s coverage. Article Title
• Neutral Sentiment: Zacks Research upgraded BTGO to a “hold” — an improvement in coverage but less bullish than a buy/strong‑buy rating; may have mixed impact compared with other more positive broker notes. Article Title

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.