BTGO (NYSE:BTGO) Coverage Initiated at Canaccord Genuity Group

Stock analysts at Canaccord Genuity Group started coverage on shares of BTGO (NYSE:BTGO) in a research note issued on Tuesday. The brokerage set a “buy” rating and a $15.00 price target on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 40.58% from the company’s current price.

Several other equities research analysts have also weighed in on the stock. Wall Street Zen raised shares of BTGO to a “hold” rating in a report on Saturday, January 31st. Craig Hallum began coverage on BTGO in a research note on Tuesday. They set a “buy” rating and a $18.00 target price for the company. Rosenblatt Securities started coverage on shares of BTGO in a report on Tuesday. They set a “buy” rating and a $17.00 target price for the company. Finally, Wedbush started coverage on BTGO in a report on Tuesday. They set an “outperform” rating and a $15.00 price target for the company. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, BTGO currently has an average rating of “Buy” and an average price target of $16.40.

BTGO Trading Up 5.1%

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 other BTGO news, COO Jody Mettler sold 25,000 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 $418,500.00. Following the completion of the sale, the chief operating officer owned 25,000 shares of the company’s stock, valued at approximately $418,500. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CRO Chen Fang sold 250,000 shares of the business’s stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $16.74, for a total transaction of $4,185,000.00. Following the sale, the executive directly owned 1,233,491 shares of the company’s stock, valued at approximately $20,648,639.34. The trade was a 16.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 436,007 shares of company stock valued at $7,298,757.

About BTGO

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.