BTGO (NYSE:BTGO) Stock Rating Lowered by Wall Street Zen

BTGO (NYSE:BTGO) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Several other analysts also recently commented on BTGO. Mizuho initiated coverage on BTGO in a research note on Tuesday, February 17th. They set an “outperform” rating and a $17.00 price objective for the company. Cantor Fitzgerald assumed coverage on BTGO in a report on Tuesday, February 17th. They issued an “overweight” rating and a $18.00 target price on the stock. The Goldman Sachs Group assumed coverage on BTGO in a research note on Tuesday, February 17th. They set a “neutral” rating and a $11.50 price target for the company. Canaccord Genuity Group assumed coverage on BTGO in a report on Tuesday, February 17th. They set a “buy” rating and a $15.00 price target for the company. Finally, Rosenblatt Securities initiated coverage on shares of BTGO in a research report on Tuesday, February 17th. They issued a “buy” rating and a $17.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, BTGO presently has an average rating of “Moderate Buy” and an average target price of $16.05.

BTGO Price Performance

Shares of NYSE:BTGO opened at $10.49 on Friday. BTGO has a one year low of $9.52 and a one year high of $24.50.

Insiders Place Their Bets

In other news, CRO Chen Fang sold 250,000 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 $4,185,000.00. Following the transaction, the executive directly owned 1,233,491 shares of the company’s stock, valued at $20,648,639.34. This represents a 16.85% decrease in their position. The transaction 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 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 completion of the transaction, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 436,007 shares of company stock worth $7,298,757.

Key Stories Impacting BTGO

Here are the key news stories impacting BTGO this week:

• Positive Sentiment: BitGo and Figure completed the first blockchain‑native equity trades on Figure’s Alternative Trading System, marking a practical milestone for tokenized equities that leverages BitGo’s regulated custody infrastructure — a product win that supports future institutional revenue opportunities. Article Title
• Positive Sentiment: BitGo was named the issuer and primary custodian of FYUSD, a U.S. dollar‑backed stablecoin aimed at institutional use in Asian markets — an expansion that could broaden custody and issuance revenue and deepen BitGo’s role in international stablecoin markets. Article Title
• Positive Sentiment: Multiple major brokerages and research firms initiated coverage or began reporting on BTGO (including Deutsche Bank, Citi, Goldman Sachs, Canaccord, Mizuho, Rosenblatt, Wedbush, Compass Point, Craig Hallum), increasing analyst attention and investor visibility — typically supportive for trading liquidity and valuation discovery. Article Title
• Positive Sentiment: Clear Str LLC upgraded BTGO to a “strong‑buy,” which could attract buyer interest from institutions that follow or mirror that shop’s coverage. Article Title
• Neutral Sentiment: Zacks Research upgraded BTGO to a “hold” — an improvement in coverage but less bullish than a buy/strong‑buy rating; may have mixed impact compared with other more positive broker notes. Article Title

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.