BTGO (NYSE:BTGO – Get Free Report) shares shot up 15% during mid-day trading on Monday . The company traded as high as $5.59 and last traded at $5.7250. 994,732 shares traded hands during trading, a decline of 12% from the average session volume of 1,132,568 shares. The stock had previously closed at $4.98.
Analyst Ratings Changes
A number of research firms have recently issued reports on BTGO. Deutsche Bank Aktiengesellschaft began coverage on BTGO in a research report on Tuesday, February 17th. They set a “buy” rating and a $17.00 price target on the stock. Mizuho dropped their price target on BTGO from $17.00 to $14.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 1st. Zacks Research raised BTGO to a “hold” rating in a research report on Wednesday, February 18th. Keefe, Bruyette & Woods raised BTGO to a “hold” rating in a research report on Tuesday, February 17th. Finally, Craig Hallum started coverage on BTGO in a research report on Tuesday, February 17th. They set a “buy” rating and a $18.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, BTGO currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.14.
View Our Latest Report on BTGO
BTGO Stock Up 14.7%
BTGO (NYSE:BTGO – Get Free Report) last posted its earnings results on Wednesday, May 13th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.55). The company had revenue of $3.77 billion for the quarter. The company’s revenue for the quarter was up 112.6% on a year-over-year basis. As a group, research analysts predict that BTGO will post -0.28 earnings per share for the current fiscal year.
BTGO Company Profile
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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