BTGO (NYSE:BTGO) Earns Outperform Rating from Analysts at Wedbush

Analysts at Wedbush initiated coverage on shares of BTGO (NYSE:BTGO) in a note issued to investors on Tuesday, Marketbeat.com reports. The firm set an “outperform” rating and a $15.00 price target on the stock. Wedbush’s target price would indicate a potential upside of 40.58% from the company’s previous close.

Separately, Wall Street Zen upgraded BTGO to a “hold” rating in a report on Saturday, January 31st. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, BTGO presently has a consensus rating of “Buy” and a consensus price target of $16.40.

BTGO Stock Performance

NYSE:BTGO opened at $10.67 on Tuesday. BTGO has a one year low of $9.66 and a one year high of $24.50.

Insiders Place Their Bets

In other BTGO news, CRO Chen Fang sold 250,000 shares of the company’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 $4,185,000.00. Following the transaction, the executive 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jeff Peter Horowitz sold 116,007 shares of BTGO stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $16.74, for a total transaction of $1,941,957.18. Following the sale, the insider 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. The disclosure for this sale is available in the SEC filing. Insiders have sold 436,007 shares of company stock worth $7,298,757 over 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.