Shares of BTGO (NYSE:BTGO – Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $4.71, but opened at $5.04. BTGO shares last traded at $5.3990, with a volume of 599,244 shares traded.
Analysts Set New Price Targets
A number of research analysts have commented on the stock. Rosenblatt Securities reduced their price target 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 BTGO from a “hold” rating to a “sell” rating in a research note on Sunday, May 17th. Citigroup lowered their price target on BTGO from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, March 18th. Wedbush reissued an “outperform” rating and issued a $15.00 target price on shares of BTGO in a research report on Friday, March 27th. Finally, Craig Hallum began coverage on BTGO in a research note on Tuesday, February 17th. They set a “buy” rating and a $18.00 price target for the company. One investment 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.14.
Get Our Latest Research Report on BTGO
BTGO Stock Up 17.9%
BTGO (NYSE:BTGO – Get Free Report) last issued its quarterly 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 during the quarter. BTGO’s quarterly revenue was up 112.6% on a year-over-year basis. As a group, equities analysts expect that BTGO will post -0.28 EPS for the current 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.
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