BTGO (NYSE:BTGO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of BTGO (NYSE:BTGO) have earned a consensus rating of “Moderate Buy” from the fifteen analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $15.1364.

BTGO has been the subject of several research reports. Cantor Fitzgerald dropped their price target on shares of BTGO from $17.00 to $15.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. Compass Point initiated coverage on shares of BTGO in a research note on Tuesday, February 17th. They set a “buy” rating and a $17.00 target price for the company. Citigroup lowered their target price on shares of BTGO from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, March 18th. Weiss Ratings initiated coverage on shares of BTGO in a research note on Wednesday, April 15th. They set a “sell (d)” rating for the company. Finally, Mizuho lowered their target price on shares of BTGO from $17.00 to $14.00 and set an “outperform” rating for the company in a research note on Wednesday, April 1st.

BTGO Price Performance

NYSE:BTGO opened at $6.20 on Thursday. The stock has a fifty day simple moving average of $9.58. BTGO has a 52 week low of $5.42 and a 52 week high of $24.50.

BTGO (NYSE:BTGO) last posted its quarterly earnings results 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 for the quarter. BTGO’s revenue for the quarter was up 112.6% on a year-over-year basis. On average, sell-side analysts anticipate that BTGO will post -0.28 earnings per share for the current fiscal 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.