BTGO (NYSE:BTGO) Coverage Initiated at Rosenblatt Securities

Research analysts at Rosenblatt Securities began coverage on shares of BTGO (NYSE:BTGO) in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. The firm set a “buy” rating and a $17.00 price target on the stock. Rosenblatt Securities’ price objective would suggest a potential upside of 59.33% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Craig Hallum began coverage on shares of BTGO in a report on Tuesday. They issued a “buy” rating and a $18.00 price target on the stock. Wedbush assumed coverage on BTGO in a research note on Tuesday. They issued an “outperform” rating and a $15.00 target price on the stock. Finally, Wall Street Zen upgraded BTGO to a “hold” rating in a research report on Saturday, January 31st. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $16.40.

BTGO Price Performance

BTGO stock opened at $10.67 on Tuesday. BTGO has a 12 month low of $9.66 and a 12 month high of $24.50.

Insider Transactions at BTGO

In other news, COO Jody Mettler sold 25,000 shares of the stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $16.74, for a total transaction of $418,500.00. Following the transaction, the chief operating officer directly owned 25,000 shares in the company, valued at approximately $418,500. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Edward Reginelli sold 45,000 shares of the firm’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $16.74, for a total value of $753,300.00. Following the transaction, the chief financial officer directly owned 539,000 shares in the company, valued at approximately $9,022,860. This represents a 7.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 436,007 shares of company stock valued at $7,298,757 over the last quarter.

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.