Cantor Fitzgerald Cuts BTGO (NYSE:BTGO) Price Target to $17.00

BTGO (NYSE:BTGOGet Free Report) had its price target decreased by analysts at Cantor Fitzgerald from $18.00 to $17.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Cantor Fitzgerald’s target price would suggest a potential upside of 91.59% from the company’s current price.

Other analysts have also recently issued research reports about the stock. Clear Str upgraded shares of BTGO to a “strong-buy” rating in a report on Tuesday, February 17th. Zacks Research upgraded shares of BTGO to a “hold” rating in a report on Wednesday, February 18th. Wells Fargo & Company started coverage on shares of BTGO in a research report on Tuesday, February 17th. They issued an “overweight” rating and a $13.00 target price for the company. Deutsche Bank Aktiengesellschaft started coverage on shares of BTGO in a research note on Tuesday, February 17th. They set a “buy” rating and a $17.00 target price on the stock. Finally, Citigroup reduced their price target on shares of BTGO from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, March 18th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $15.68.

View Our Latest Research Report on BTGO

BTGO Stock Performance

Shares of BTGO stock opened at $8.87 on Friday. BTGO has a fifty-two week low of $8.91 and a fifty-two week high of $24.50. The stock has a 50 day simple moving average of $10.93.

Insider Transactions at BTGO

In other BTGO news, COO Jody Mettler sold 25,000 shares of the stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $16.74, for a total value of $418,500.00. Following the completion of the transaction, the chief operating officer owned 25,000 shares in the company, valued at approximately $418,500. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Edward Reginelli sold 45,000 shares of the firm’s stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $16.74, for a total value of $753,300.00. Following the transaction, the chief financial officer directly owned 539,000 shares of the company’s stock, valued at $9,022,860. This represents a 7.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 436,007 shares of company stock worth $7,298,757 in the last ninety days.

Key BTGO News

Here are the key news stories impacting BTGO this week:

BTGO Company Profile

(Get Free Report)

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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Analyst Recommendations for BTGO (NYSE:BTGO)

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