BTGO (NYSE:BTGO – Get Free Report)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $6.93, but opened at $7.54. BTGO shares last traded at $6.41, with a volume of 1,680,108 shares changing hands.
Analyst Upgrades and Downgrades
Several research analysts have commented on the stock. Wells Fargo & Company assumed coverage on shares of BTGO in a report on Tuesday, February 17th. They issued an “overweight” rating and a $13.00 price target for the company. Citigroup cut their price target on shares of BTGO from $18.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, March 18th. Mizuho cut their price target on shares of BTGO from $17.00 to $14.00 and set an “outperform” rating for the company in a report on Wednesday, April 1st. Cantor Fitzgerald cut their price target on shares of BTGO from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Finally, Rosenblatt Securities dropped their price objective on shares of BTGO from $17.00 to $15.00 and set a “buy” rating for the company in a report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.14.
Read Our Latest Stock Analysis on BTGO
BTGO Trading Down 2.3%
BTGO (NYSE:BTGO – Get Free Report) last posted its quarterly earnings data on Wednesday, May 13th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.55). The firm had revenue of $3.77 billion for the quarter. The company’s quarterly revenue was up 112.6% compared to the same quarter last year. On average, equities analysts predict that BTGO will post -0.28 EPS for the current year.
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.
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