BTGO (NYSE:BTGO – Get Free Report)’s stock price traded up 15% during mid-day trading on Monday . The stock traded as high as $5.59 and last traded at $5.7250. 994,732 shares changed hands during trading, a decline of 12% from the average session volume of 1,132,568 shares. The stock had previously closed at $4.98.
Wall Street Analyst Weigh In
A number of research firms recently commented on BTGO. Deutsche Bank Aktiengesellschaft initiated coverage on BTGO in a report on Tuesday, February 17th. They issued a “buy” rating and a $17.00 price target on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and set a $15.00 price objective on shares of BTGO in a report on Friday, March 27th. Wells Fargo & Company started coverage on BTGO in a research report on Tuesday, February 17th. They set an “overweight” rating and a $13.00 price objective on the stock. Keefe, Bruyette & Woods upgraded BTGO to a “hold” rating in a report on Tuesday, February 17th. Finally, Wedbush restated an “outperform” rating and set a $15.00 target price on shares of BTGO in a research report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, BTGO currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.14.
Check Out Our Latest Stock Analysis on BTGO
BTGO Stock Up 14.7%
BTGO (NYSE:BTGO – Get Free Report) last announced its quarterly earnings data on Wednesday, May 13th. The company reported ($0.62) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.55). The business had revenue of $3.77 billion during the quarter. BTGO’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 earnings per share 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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