BTGO (NYSE:BTGO) Stock Falls 6.7% – What’s Next?

25 Sep 2026, 12:21 by Renee Jackson · The Cerbat Gem

BTGO (NYSE:BTGO – Get Free Report)’s stock price dropped 6.7% during trading on Friday. The company traded as low as $7.60 and last traded at $7.4350. 123,288 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 1,341,261 shares. The stock had previously closed at $7.97.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wells Fargo & Company decreased their price target on BTGO from $13.00 to $11.00 and set an “overweight” rating on the stock in a research note on Thursday, August 13th. Wedbush cut their price objective on shares of BTGO from $15.00 to $8.00 and set an “outperform” rating on the stock in a report on Thursday, August 13th. Citigroup lowered their target price on shares of BTGO from $17.00 to $10.00 and set a “buy” rating for the company in a report on Friday, August 14th. Cantor Fitzgerald dropped their price target on shares of BTGO from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Monday, August 17th. Finally, Mizuho cut their price target on shares of BTGO from $14.00 to $11.00 and set an “outperform” rating on the stock in a research note on Friday, August 14th. One research 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 given a Sell rating to the company. According to MarketBeat, BTGO currently has an average rating of “Moderate Buy” and a consensus price target of $12.77.

Read Our Latest Report on BTGO

BTGO Trading Down 6.0%

The stock’s 50-day moving average is $6.27 and its 200-day moving average is $7.41. The stock has a market cap of $880.45 million and a price-to-earnings ratio of -5.15.

BTGO (NYSE:BTGO – Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.13). The business had revenue of $4.33 billion for the quarter. On average, equities analysts predict that BTGO will post -0.37 earnings per share for the current fiscal year.

BTGO declared that its board has authorized a stock buyback plan on Wednesday, June 17th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 7.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In related news, CEO Michael Belshe sold 38,691 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $4.89, for a total value of $189,198.99. Following the completion of the sale, the chief executive officer directly owned 798,464 shares in the company, valued at approximately $3,904,488.96. This represents a 4.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Edward Reginelli sold 9,021 shares of the firm’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $4.89, for a total value of $44,112.69. Following the completion of the transaction, the chief financial officer directly owned 582,489 shares in the company, valued at $2,848,371.21. This trade represents a 1.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 48,294 shares of company stock valued at $236,225.

Hedge Funds Weigh In On BTGO

Institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp purchased a new position in BTGO in the 2nd quarter valued at about $1,202,000. Tidal Investments LLC bought a new stake in shares of BTGO in the 2nd quarter worth about $10,327,000. Finally, ParaFi Capital LP acquired a new position in BTGO in the second quarter worth about $1,939,000.

About BTGO

(Get Free Report)

BitGo Holdings, Inc (NYSE: BTGO) provides digital-asset financial services and infrastructure for institutional clients. The company helps businesses securely custody, manage and transact in cryptocurrencies and other blockchain-based assets.

Its offerings include institutional custody, digital-asset wallets, trading and settlement services, staking, lending and prime services. BitGo also provides technology and operational tools designed to support exchanges, financial institutions, investment managers, token issuers and other organizations participating in the digital-asset ecosystem.