BTGO (NYSE:BTGO) Now Covered by Analysts at Rosenblatt Securities

Research analysts at Rosenblatt Securities started coverage on shares of BTGO (NYSE:BTGO) in a report issued on Tuesday, MarketBeat reports. The firm set a “buy” rating and a $17.00 price target on the stock. Rosenblatt Securities’ price objective suggests a potential upside of 59.33% from the stock’s previous close.

BTGO has been the subject of a number of other reports. Craig Hallum began coverage on shares of BTGO in a report on Tuesday. They set a “buy” rating and a $18.00 price target for the company. Wedbush initiated coverage on shares of BTGO in a research report on Tuesday. They issued an “outperform” rating and a $15.00 price objective on the stock. Finally, Wall Street Zen raised shares of BTGO to a “hold” rating in a research note on Saturday, January 31st. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, BTGO has an average rating of “Buy” and a consensus price target of $16.40.

BTGO Stock Up 5.1%

Shares of BTGO stock 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 business’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $16.74, for a total transaction of $753,300.00. Following the transaction, the chief financial officer owned 539,000 shares in the company, valued at $9,022,860. The trade was a 7.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jody Mettler sold 25,000 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 $418,500.00. Following the transaction, the chief operating officer owned 25,000 shares in the company, valued at $418,500. This trade represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 436,007 shares of company stock valued at $7,298,757.

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.