BTGO (NYSE:BTGO – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the fifteen analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $15.1364.
Several brokerages have recently weighed in on BTGO. Weiss Ratings reaffirmed a “sell (d)” rating on shares of BTGO in a research report on Monday. Wedbush reissued an “outperform” rating and set a $15.00 price target on shares of BTGO in a research report on Friday, March 27th. Cantor Fitzgerald reissued an “overweight” rating on shares of BTGO in a research report on Monday, June 22nd. Canaccord Genuity Group restated a “buy” rating and issued a $15.00 price target on shares of BTGO in a report on Friday, March 27th. Finally, Wall Street Zen downgraded shares of BTGO from a “hold” rating to a “sell” rating in a research report on Sunday, May 17th.
Read Our Latest Stock Analysis on BTGO
Trending Headlines about BTGO
- Negative Sentiment: Several firms are urging BitGo investors with losses to contact them ahead of the August 7 lead-plaintiff deadline, signaling an active securities-fraud case that can weigh on sentiment and increase legal overhang for the stock. Article Title
- Negative Sentiment: The class action alleges issues related to the IPO offering documents and securities bought during the class period, which could raise concern about disclosure quality and potential liability for BitGo and its officers. Article Title
- Neutral Sentiment: More firms issued investor-rights reminders and deadline notices, reinforcing the legal narrative but adding little new fundamental information about operations or earnings. Article Title
BTGO Trading Down 4.8%
Shares of BTGO stock opened at $4.91 on Friday. The business’s fifty day simple moving average is $6.39. BTGO has a twelve month low of $4.66 and a twelve month high of $24.50. The stock has a market cap of $569.60 million and a PE ratio of -3.81.
BTGO (NYSE:BTGO – Get Free Report) last released 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 revenue was up 112.6% compared to the same quarter last year. On average, analysts predict that BTGO will post -0.32 earnings per share for the current year.
BTGO declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, June 17th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits 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 management believes its shares are undervalued.
About BTGO
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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