BTGO (NYSE:BTGO) Earns Buy Rating from Analysts at Canaccord Genuity Group

Research analysts at Canaccord Genuity Group assumed coverage on shares of BTGO (NYSE:BTGO) in a report released on Tuesday. The brokerage set a “buy” rating and a $15.00 price target on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 40.58% from the company’s current price.

BTGO has been the topic of several other reports. Rosenblatt Securities assumed coverage on shares of BTGO in a research note on Tuesday. They issued a “buy” rating and a $17.00 price target on the stock. Wedbush initiated coverage on shares of BTGO in a research report on Tuesday. They issued an “outperform” rating and a $15.00 target price on the stock. Wall Street Zen upgraded shares of BTGO to a “hold” rating in a research note on Saturday, January 31st. Finally, Craig Hallum assumed coverage on BTGO in a report on Tuesday. They set a “buy” rating and a $18.00 price objective on the stock. Five research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $16.40.

BTGO Price Performance

BTGO opened at $10.67 on Tuesday. BTGO has a one year low of $9.66 and a one year high of $24.50.

Insider Activity at BTGO

In related news, CFO Edward Reginelli sold 45,000 shares of the stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $16.74, for a total transaction of $753,300.00. Following the transaction, the chief financial officer directly owned 539,000 shares in the company, valued at approximately $9,022,860. This represents a 7.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jeff Peter Horowitz sold 116,007 shares of BTGO stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $16.74, for a total value of $1,941,957.18. Following the completion of the transaction, the insider owned 311,118 shares in the company, valued at $5,208,115.32. The trade was a 27.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 436,007 shares of company stock worth $7,298,757 in the last ninety days.

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.