BTGO (NYSE:BTGO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

BTGO (NYSE:BTGO) has received a consensus rating of “Moderate Buy” from the fourteen brokerages that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $15.9545.

BTGO has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft began coverage on BTGO in a research note on Tuesday, February 17th. They issued a “buy” rating and a $17.00 price target for the company. Canaccord Genuity Group began coverage on BTGO in a research note on Tuesday, February 17th. They issued a “buy” rating and a $15.00 price objective on the stock. Citigroup reduced their target price on BTGO from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday. Keefe, Bruyette & Woods raised shares of BTGO to a “hold” rating in a research report on Tuesday, February 17th. Finally, Cantor Fitzgerald assumed coverage on shares of BTGO in a report on Tuesday, February 17th. They set an “overweight” rating and a $18.00 price target for the company.

BTGO Price Performance

Shares of NYSE:BTGO opened at $10.08 on Friday. BTGO has a 52 week low of $9.29 and a 52 week high of $24.50.

Insider Activity

In other BTGO news, CRO Chen Fang sold 250,000 shares of BTGO stock in a transaction that occurred on 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 sale, the executive directly owned 1,233,491 shares in the company, valued at approximately $20,648,639.34. The trade was a 16.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Jody Mettler sold 25,000 shares of the business’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 directly owned 25,000 shares in the company, valued at approximately $418,500. This trade represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 436,007 shares of company stock worth $7,298,757.

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.