BTGO (NYSE:BTGO) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of BTGO (NYSE:BTGO) have earned an average recommendation of “Moderate Buy” from the fifteen research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $15.1364.

Several research analysts recently issued reports on the stock. Keefe, Bruyette & Woods raised shares of BTGO to a “hold” rating in a report on Tuesday, February 17th. Weiss Ratings started coverage on shares of BTGO in a report on Wednesday, April 15th. They set a “sell (d)” rating for the company. Rosenblatt Securities lowered their target price on shares of BTGO from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. Wall Street Zen lowered shares of BTGO from a “hold” rating to a “sell” rating in a research report on Sunday, May 17th. Finally, Mizuho lowered their target price on shares of BTGO from $17.00 to $14.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 1st.

BTGO Price Performance

NYSE BTGO opened at $6.20 on Thursday. BTGO has a 52-week low of $5.42 and a 52-week high of $24.50. The business’s 50-day moving average price is $9.58.

BTGO (NYSE:BTGO) last posted its quarterly earnings results on Wednesday, May 13th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.55). The company had revenue of $3.77 billion for the quarter. The company’s revenue was up 112.6% compared to the same quarter last year. As a group, sell-side analysts predict that BTGO will post -0.28 EPS for the current fiscal year.

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.