BTGO (NYSE:BTGO) Price Target Lowered to $15.00 at Rosenblatt Securities

BTGO (NYSE:BTGO) had its target price lowered by equities research analysts at Rosenblatt Securities from $17.00 to $15.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Rosenblatt Securities’ price objective would indicate a potential upside of 64.91% from the company’s current price.

Several other equities research analysts have also recently weighed in on BTGO. The Goldman Sachs Group started coverage on shares of BTGO in a research report on Tuesday, February 17th. They set a “neutral” rating and a $11.50 price objective for the company. Deutsche Bank Aktiengesellschaft initiated coverage on shares of BTGO in a research report on Tuesday, February 17th. They set a “buy” rating and a $17.00 price target on the stock. Citigroup decreased their price target on BTGO from $18.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, March 18th. Wall Street Zen downgraded BTGO from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Finally, Craig Hallum initiated coverage on BTGO in a research report on Tuesday, February 17th. They set a “buy” rating and a $18.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $15.77.

BTGO Price Performance

BTGO stock opened at $9.10 on Friday. BTGO has a 52-week low of $9.02 and a 52-week high of $24.50. The stock’s 50 day moving average price is $10.93.

Insider Activity at BTGO

In related news, CRO Chen Fang sold 250,000 shares of the stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $16.74, for a total transaction of $4,185,000.00. Following the transaction, the executive directly owned 1,233,491 shares of the company’s stock, valued at $20,648,639.34. This represents a 16.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Edward Reginelli sold 45,000 shares of BTGO stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $16.74, for a total transaction of $753,300.00. Following the completion of the sale, the chief financial officer directly owned 539,000 shares of the company’s stock, valued at approximately $9,022,860. This trade represents a 7.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 436,007 shares of company stock valued at $7,298,757 in the last ninety days.

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.