Shares of BTGO (NYSE:BTGO – Get Free Report) have been assigned an average rating of “Moderate Buy” from the fifteen analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $12.77.
A number of equities analysts have issued reports on BTGO shares. Wells Fargo & Company decreased their price objective on shares of BTGO from $13.00 to $11.00 and set an “overweight” rating on the stock in a research report on Thursday, August 13th. Mizuho dropped their target price on shares of BTGO from $14.00 to $11.00 and set an “outperform” rating for the company in a report on Friday, August 14th. Wedbush cut their target price on BTGO from $15.00 to $8.00 and set an “outperform” rating on the stock in a research note on Thursday, August 13th. Rosenblatt Securities reduced their price target on BTGO from $15.00 to $10.00 and set a “buy” rating on the stock in a report on Thursday, August 13th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of BTGO in a report on Friday, October 9th.
Check Out Our Latest Research Report on BTGO
Hedge Funds Weigh In On BTGO
A number of institutional investors have recently added to or reduced their stakes in BTGO. Vise Technologies Inc. bought a new position in shares of BTGO during the third quarter valued at approximately $83,000. Vontobel Holding Ltd. bought a new stake in shares of BTGO in the 3rd quarter worth approximately $75,000. Aspiriant LLC bought a new stake in shares of BTGO in the 3rd quarter worth approximately $135,000. State Street Corp purchased a new stake in shares of BTGO in the 2nd quarter worth approximately $1,202,000. Finally, Tidal Investments LLC purchased a new stake in shares of BTGO in the 2nd quarter worth approximately $10,327,000.
BTGO Stock Performance
Shares of BTGO stock opened at $5.29 on Friday. The company has a market capitalization of $621.84 million and a PE ratio of -3.65. BTGO has a 52-week low of $4.65 and a 52-week high of $24.50. The business’s fifty day moving average is $6.92 and its 200 day moving average is $7.90.
BTGO (NYSE:BTGO – Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.13). The business had revenue of $4.33 billion for the quarter. On average, sell-side analysts forecast that BTGO will post -0.27 EPS for the current fiscal year.
BTGO Company Profile
BitGo Holdings, Inc (NYSE: BTGO) is a financial technology company focused on digital asset infrastructure and services. The company provides institutional-grade solutions designed to help businesses securely custody, manage, trade and settle cryptocurrencies and other blockchain-based assets.
Its offerings include qualified digital asset custody, multi-signature wallets, portfolio and treasury management, trading and liquidity services, staking, lending and settlement solutions. BitGo also provides technology and infrastructure that supports cryptocurrency exchanges, financial institutions, investment firms, token issuers and other organizations participating in the digital asset ecosystem.
Founded in 2013, BitGo serves institutional clients in the United States and international markets.
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