BTGO (NYSE:BTGO) Trading Up 6.3% – Should You Buy?

Posted by Stanley Muller on Sep 3rd, 2026

BTGO (NYSE:BTGO – Get Free Report)’s share price rose 6.3% during mid-day trading on Thursday . The stock traded as high as $7.53 and last traded at $7.5150. 354,556 shares were traded during mid-day trading, a decline of 71% from the average session volume of 1,216,130 shares. The stock had previously closed at $7.07.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on BTGO shares. Mizuho decreased their target price on BTGO from $14.00 to $11.00 and set an “outperform” rating for the company in a research report on Friday, August 14th. Cantor Fitzgerald cut their target price on shares of BTGO from $15.00 to $13.00 and set an “overweight” rating on the stock in a research report on Monday, August 17th. Citigroup cut their price objective on shares of BTGO from $17.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, August 14th. Canaccord Genuity Group reiterated a “buy” rating and issued a $15.00 price target on shares of BTGO in a report on Friday, August 21st. Finally, Rosenblatt Securities reduced their target price on shares of BTGO from $15.00 to $10.00 and set a “buy” rating for the company in a report on Thursday, August 13th. One 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $12.77.

Get Our Latest Stock Analysis on BTGO

BTGO Price Performance

The business has a fifty day moving average price of $5.50 and a two-hundred day moving average price of $7.73. The firm has a market capitalization of $896.20 million and a price-to-earnings ratio of -5.30.

BTGO (NYSE:BTGO – Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.13). The company had revenue of $4.33 billion during the quarter. On average, research analysts predict that BTGO will post -0.37 earnings per share for the current year.

BTGO announced that its board has approved a share buyback plan on Wednesday, June 17th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the company to repurchase up to 7.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at BTGO

In related news, CFO Edward Reginelli sold 9,021 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $4.89, for a total transaction of $44,112.69. Following the completion of the transaction, the chief financial officer owned 582,489 shares in the company, valued at $2,848,371.21. This represents a 1.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Michael Belshe sold 38,691 shares of the firm’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $4.89, for a total transaction of $189,198.99. Following the completion of the transaction, the chief executive officer directly owned 798,464 shares in the company, valued at $3,904,488.96. This represents a 4.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 48,464 shares of company stock valued at $237,096.

Institutional Trading of BTGO

An institutional investor recently bought a new stake in BTGO stock. ParaFi Capital LP acquired a new stake in BTGO (NYSE:BTGO – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 374,400 shares of the company’s stock, valued at approximately $1,939,000. BTGO makes up about 0.6% of ParaFi Capital LP’s investment portfolio, making the stock its 13th largest position. ParaFi Capital LP owned 0.32% of BTGO at the end of the most recent quarter.

BTGO Company Profile

(Get Free Report)

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.