BTGO (NYSE:BTGO) Given New $17.00 Price Target at Cantor Fitzgerald

BTGO (NYSE:BTGOGet Free Report) had its target price reduced by Cantor Fitzgerald from $18.00 to $17.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Cantor Fitzgerald’s target price indicates a potential upside of 91.59% from the stock’s previous close.

BTGO has been the subject of several other research reports. Compass Point started coverage on BTGO in a research note on Tuesday, February 17th. They set a “buy” rating and a $17.00 price objective for the company. Rosenblatt Securities decreased their target price on BTGO from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday. Craig Hallum began coverage on BTGO in a report on Tuesday, February 17th. They issued a “buy” rating and a $18.00 price target on the stock. Wedbush reiterated an “outperform” rating and set a $15.00 price target on shares of BTGO in a research report on Friday. Finally, Mizuho began coverage on BTGO in a report on Tuesday, February 17th. They set an “outperform” rating and a $17.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, BTGO has a consensus rating of “Moderate Buy” and a consensus target price of $15.68.

Check Out Our Latest Report on BTGO

BTGO Stock Down 2.5%

BTGO stock opened at $8.87 on Friday. The firm’s 50-day moving average is $10.93. BTGO has a twelve month low of $8.91 and a twelve month high of $24.50.

Insider Buying and Selling

In related news, 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 transaction, the insider directly owned 311,118 shares of the company’s stock, valued at $5,208,115.32. The trade was a 27.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Edward Reginelli sold 45,000 shares of the company’s stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $16.74, for a total transaction of $753,300.00. Following the sale, the chief financial officer owned 539,000 shares of the company’s stock, valued at $9,022,860. This represents a 7.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 436,007 shares of company stock valued at $7,298,757 in the last 90 days.

BTGO News Roundup

Here are the key news stories impacting BTGO this week:

About BTGO

(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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