BTGO (NYSE:BTGO) Coverage Initiated by Analysts at Cantor Fitzgerald

Equities research analysts at Cantor Fitzgerald started coverage on shares of BTGO (NYSE:BTGO) in a research note issued on Tuesday,Benzinga reports. The brokerage set an “overweight” rating and a $18.00 price target on the stock. Cantor Fitzgerald’s target price points to a potential upside of 68.70% from the stock’s current price.

A number of other equities analysts have also recently issued reports on BTGO. Craig Hallum assumed coverage on shares of BTGO in a research report on Tuesday. They set a “buy” rating and a $18.00 target price for the company. Mizuho initiated coverage on shares of BTGO in a research report on Tuesday. They set an “outperform” rating and a $17.00 price target for the company. Wall Street Zen raised shares of BTGO to a “hold” rating in a research note on Saturday, January 31st. Canaccord Genuity Group began coverage on BTGO in a research report on Tuesday. They issued a “buy” rating and a $15.00 target price on the stock. Finally, Rosenblatt Securities assumed coverage on BTGO in a report on Tuesday. They issued a “buy” rating and a $17.00 price objective on the stock. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $16.67.

BTGO Trading Up 5.1%

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 Buying and Selling at BTGO

In related news, CFO Edward Reginelli sold 45,000 shares of the firm’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 value of $753,300.00. Following the sale, the chief financial officer directly owned 539,000 shares in the company, valued at $9,022,860. This trade represents a 7.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Chen Fang sold 250,000 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 transaction of $4,185,000.00. Following the transaction, the executive owned 1,233,491 shares in the company, valued at $20,648,639.34. This represents a 16.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 436,007 shares of company stock valued at $7,298,757.

BTGO News Roundup

Here are the key news stories impacting BTGO this week:

• Positive Sentiment: Canaccord Genuity started coverage with a Buy rating and a $15 price target (~40.6% implied upside). Benzinga
• Positive Sentiment: Wedbush initiated coverage with an Outperform rating and a $15 price target (~40.6% implied upside).
• Positive Sentiment: Mizuho launched coverage with an Outperform rating and a $17 target (~59.3% implied upside). Benzinga
• Positive Sentiment: Rosenblatt Securities started coverage with a Buy rating and a $17 target (~59.3% implied upside). Benzinga
• Positive Sentiment: Craig Hallum initiated coverage with a Buy rating and the highest cited target of $18 (~68.7% implied upside). TickerReport
• Neutral Sentiment: Goldman Sachs initiated a Hold, noting BitGo’s solid growth prospects but flagging crypto volatility and margin risks that justify a cautious view. TipRanks / Goldman Sachs note

About BTGO

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.