BTGO (NYSE:BTGO) Raised to Hold at Zacks Research

BTGO (NYSE:BTGO) was upgraded by equities research analysts at Zacks Research to a “hold” rating in a report released on Wednesday,Zacks.com reports.

Several other research analysts have also issued reports on BTGO. Clear Str raised shares of BTGO to a “strong-buy” rating in a research note on Tuesday. Wedbush started coverage on shares of BTGO in a report on Tuesday. They issued an “outperform” rating and a $15.00 price objective on the stock. Canaccord Genuity Group assumed coverage on shares of BTGO in a research note on Tuesday. They issued a “buy” rating and a $15.00 price objective on the stock. Wells Fargo & Company started coverage on shares of BTGO in a research report on Tuesday. They set an “overweight” rating and a $13.00 target price for the company. Finally, The Goldman Sachs Group assumed coverage on BTGO in a research note on Tuesday. They issued a “neutral” rating and a $11.50 price target on the stock. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, BTGO presently has an average rating of “Moderate Buy” and an average price target of $16.05.

BTGO Trading Down 1.6%

BTGO stock traded down $0.17 during midday trading on Wednesday, reaching $10.43. The stock had a trading volume of 124,639 shares, compared to its average volume of 1,520,726. BTGO has a twelve month low of $9.52 and a twelve month high of $24.50.

Insider Activity

In other 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 transaction 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. This trade represents a 27.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Edward Reginelli sold 45,000 shares of the business’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 completion of the transaction, the chief financial officer directly owned 539,000 shares of the company’s stock, valued at $9,022,860. This trade 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.

BTGO News Summary

Here are the key news stories impacting BTGO this week:

• Positive Sentiment: BitGo and Figure completed the first blockchain-native tokenized equity trades on Figure’s ATS, validating BitGo’s regulated custody + trading infrastructure and opening a new use case that could drive fee revenue and institutional flows. BitGo and Figure Complete First Tokenized Equity Trades
• Positive Sentiment: BitGo was named issuer and primary custodian of FYUSD, a U.S.-dollar stablecoin aimed at Asian institutional markets — a strategic partnership that extends BitGo’s custody/regulatory footprint and could create recurring stablecoin-related custody/issuance revenue. BitGo Named Issuer of FYUSD
• Positive Sentiment: Clear Str LLC put a “strong-buy” upgrade on BTGO, and Mizuho initiated coverage with a buy — analyst interest and buy-side ratings can attract institutional attention and support the stock once trading liquidity picks up. Analyst Upgrades Mizuho Initiates Buy
• Neutral Sentiment: Multiple major brokerages (Goldman Sachs, Citigroup, Deutsche Bank, Canaccord, Rosenblatt, Wedbush, Compass Point, Craig Hallum) initiated coverage on BTGO this cycle — increases analyst liquidity/visibility but impacts depend on individual price targets and coverage tone. Example: Deutsche Bank initiation. Deutsche Bank Coverage Initiation
• Neutral Sentiment: Zacks Research upgraded BTGO to a “hold” — a less bullish signal than some other firms, which can temper near-term buying despite multiple new initiations. Zacks Upgrade to Hold
• Negative Sentiment: Market commentary highlights BTGO’s large YTD share-price decline (~41% cited in recent coverage), which likely contributes to cautious investor sentiment and pressured trading despite the positive corporate developments. Analysis: Is Bitgo Pricing Reflect Its 41.2% YTD Decline?

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.