BTGO (NYSE:BTGO) Hits New 1-Year Low – Time to Sell?

Shares of BTGO (NYSE:BTGO) reached a new 52-week low during trading on Wednesday . The stock traded as low as $9.52 and last traded at $10.39, with a volume of 840226 shares traded. The stock had previously closed at $10.76.

BTGO News Roundup

Here are the key news stories impacting BTGO this week:

• Positive Sentiment: BitGo and Figure completed the first blockchain‑native equity trades on Figure’s Alternative Trading System, marking a practical milestone for tokenized equities that leverages BitGo’s regulated custody infrastructure — a product win that supports future institutional revenue opportunities. Article Title
• Positive Sentiment: BitGo was named the issuer and primary custodian of FYUSD, a U.S. dollar‑backed stablecoin aimed at institutional use in Asian markets — an expansion that could broaden custody and issuance revenue and deepen BitGo’s role in international stablecoin markets. Article Title
• Positive Sentiment: Multiple major brokerages and research firms initiated coverage or began reporting on BTGO (including Deutsche Bank, Citi, Goldman Sachs, Canaccord, Mizuho, Rosenblatt, Wedbush, Compass Point, Craig Hallum), increasing analyst attention and investor visibility — typically supportive for trading liquidity and valuation discovery. Article Title
• Positive Sentiment: Clear Str LLC upgraded BTGO to a “strong‑buy,” which could attract buyer interest from institutions that follow or mirror that shop’s coverage. Article Title
• Neutral Sentiment: Zacks Research upgraded BTGO to a “hold” — an improvement in coverage but less bullish than a buy/strong‑buy rating; may have mixed impact compared with other more positive broker notes. Article Title

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Cantor Fitzgerald started coverage on shares of BTGO in a research report on Tuesday. They issued an “overweight” rating and a $18.00 target price for the company. Citigroup began coverage on BTGO in a research note on Tuesday. They issued a “buy” rating and a $18.00 target price on the stock. Wall Street Zen raised BTGO to a “hold” rating in a research report on Saturday, January 31st. Canaccord Genuity Group initiated coverage on BTGO in a research note on Tuesday. They set a “buy” rating and a $15.00 price target for the company. Finally, The Goldman Sachs Group initiated coverage on BTGO in a research note on Tuesday. They issued a “neutral” rating and a $11.50 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $16.05.

BTGO Stock Performance

Insider Transactions at BTGO

In other news, insider Jeff Peter Horowitz sold 116,007 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 $1,941,957.18. Following the transaction, the insider directly owned 311,118 shares of the company’s stock, valued at $5,208,115.32. This represents a 27.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Jody Mettler sold 25,000 shares of the firm’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 owned 25,000 shares in the company, valued at $418,500. This represents a 50.00% decrease in their position. 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 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.