BTGO (NYSE:BTGO) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of BTGO (NYSE:BTGO) to a hold rating in a research note published on Wednesday morning,Zacks.com reports.

BTGO has been the subject of a number of other research reports. The Goldman Sachs Group began coverage on BTGO in a research report on Tuesday. They set a “neutral” rating and a $11.50 target price for the company. Cantor Fitzgerald began coverage on shares of BTGO in a report on Tuesday. They issued an “overweight” rating and a $18.00 target price on the stock. Craig Hallum initiated coverage on shares of BTGO in a report on Tuesday. They set a “buy” rating and a $18.00 price target for the company. Wall Street Zen raised BTGO to a “hold” rating in a research report on Saturday, January 31st. Finally, Wells Fargo & Company assumed coverage on BTGO in a research note on Tuesday. They set an “overweight” rating and a $13.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, BTGO has a consensus rating of “Moderate Buy” and an average target price of $16.05.

BTGO Stock Down 1.4%

Shares of BTGO stock traded down $0.15 on Wednesday, hitting $10.45. The company’s stock had a trading volume of 103,331 shares, compared to its average volume of 1,520,374. BTGO has a fifty-two week low of $9.52 and a fifty-two week high of $24.50.

Insider Buying and Selling at BTGO

In other news, CFO Edward Reginelli sold 45,000 shares of the company’s stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $16.74, for a total value of $753,300.00. Following the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CRO Chen Fang sold 250,000 shares of the firm’s stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $16.74, for a total value of $4,185,000.00. Following the transaction, the executive owned 1,233,491 shares of the company’s stock, valued at $20,648,639.34. This trade represents a 16.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 436,007 shares of company stock valued at $7,298,757 in the last 90 days.

Key Stories Impacting BTGO

Here are the key news stories impacting BTGO this week:

• Positive Sentiment: BitGo and Figure completed the first blockchain-native tokenized equity trades on Figure’s ATS, validating BitGo’s regulated custody + trading infrastructure and opening a new use case that could drive fee revenue and institutional flows. BitGo and Figure Complete First Tokenized Equity Trades
• Positive Sentiment: BitGo was named issuer and primary custodian of FYUSD, a U.S.-dollar stablecoin aimed at Asian institutional markets — a strategic partnership that extends BitGo’s custody/regulatory footprint and could create recurring stablecoin-related custody/issuance revenue. BitGo Named Issuer of FYUSD
• Positive Sentiment: Clear Str LLC put a “strong-buy” upgrade on BTGO, and Mizuho initiated coverage with a buy — analyst interest and buy-side ratings can attract institutional attention and support the stock once trading liquidity picks up. Analyst Upgrades Mizuho Initiates Buy
• Neutral Sentiment: Multiple major brokerages (Goldman Sachs, Citigroup, Deutsche Bank, Canaccord, Rosenblatt, Wedbush, Compass Point, Craig Hallum) initiated coverage on BTGO this cycle — increases analyst liquidity/visibility but impacts depend on individual price targets and coverage tone. Example: Deutsche Bank initiation. Deutsche Bank Coverage Initiation
• Neutral Sentiment: Zacks Research upgraded BTGO to a “hold” — a less bullish signal than some other firms, which can temper near-term buying despite multiple new initiations. Zacks Upgrade to Hold
• Negative Sentiment: Market commentary highlights BTGO’s large YTD share-price decline (~41% cited in recent coverage), which likely contributes to cautious investor sentiment and pressured trading despite the positive corporate developments. Analysis: Is Bitgo Pricing Reflect Its 41.2% YTD Decline?

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.