BTGO (NYSE:BTGO) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of BTGO (NYSE:BTGO – Free Report) from a hold rating to a sell rating in a research report released on Sunday morning.

Several other equities analysts have also issued reports on BTGO. Zacks Research upgraded BTGO to a “hold” rating in a research report on Wednesday, February 18th. Cantor Fitzgerald decreased their target price on BTGO from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Thursday. Compass Point began coverage on BTGO in a research report on Tuesday, February 17th. They set a “buy” rating and a $17.00 target price for the company. Rosenblatt Securities decreased their target price on BTGO from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, March 27th. Finally, Citigroup decreased their target price on BTGO from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, March 18th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, BTGO presently has an average rating of “Moderate Buy” and a consensus target price of $15.14.

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BTGO Price Performance

Shares of NYSE:BTGO opened at $8.90 on Friday. BTGO has a 1-year low of $7.25 and a 1-year high of $24.50. The stock’s 50-day moving average price is $10.17.

BTGO (NYSE:BTGO – Get Free Report) last announced its quarterly earnings data on Wednesday, May 13th. The company reported ($0.62) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.55). The business had revenue of $3.77 billion during the quarter. The company’s quarterly revenue was up 112.6% compared to the same quarter last year. As a group, sell-side analysts expect that BTGO will post -0.24 EPS for the current year.

About BTGO

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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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