BTGO (NYSE:BTGO) Given Average Rating of “Moderate Buy” by Brokerages

Shares of BTGO (NYSE:BTGO) have received a consensus rating of “Moderate Buy” from the fourteen brokerages that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $15.9545.

BTGO has been the topic of a number of recent research reports. Wells Fargo & Company started coverage on shares of BTGO in a research note on Tuesday, February 17th. They issued an “overweight” rating and a $13.00 price objective on the stock. Wedbush assumed coverage on shares of BTGO in a research note on Tuesday, February 17th. They set an “outperform” rating and a $15.00 target price for the company. Deutsche Bank Aktiengesellschaft started coverage on BTGO in a report on Tuesday, February 17th. They set a “buy” rating and a $17.00 price target on the stock. Wall Street Zen cut BTGO from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Finally, Canaccord Genuity Group began coverage on BTGO in a research note on Tuesday, February 17th. They set a “buy” rating and a $15.00 price objective for the company.

Insider Buying and Selling

In other news, COO Jody Mettler sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $16.74, for a total transaction of $418,500.00. Following the completion of the sale, the chief operating officer owned 25,000 shares in the company, valued at $418,500. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jeff Peter Horowitz sold 116,007 shares of the 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 of the company’s stock, valued at approximately $5,208,115.32. This represents a 27.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 436,007 shares of company stock worth $7,298,757.

BTGO Stock Down 4.3%

BTGO stock opened at $9.62 on Friday. The firm has a fifty day simple moving average of $11.06. BTGO has a 12 month low of $9.29 and a 12 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.