BitGo Holdings Inc (NYSE:BTGO) on Wednesday posted mixed results for the second quarter.

The company reported quarterly losses of 16 cents per share which missed the analyst consensus estimate of losses of 4 cents per share. The company reported quarterly sales of $4.329 billion which beat the analyst consensus estimate of $3.782 billion.

Mike Belshe, CEO of BitGo said, “BitGo continued strengthening its institutional platform during the second quarter. We grew assets on platform, deepened client relationships, streamlined our cost structure, and continued investing in capabilities that make our platform more valuable to clients and the broader ecosystem.”

BitGo shares fell 2.8% to $4.85 in pre-market trading.

These analysts made changes to their price targets on BitGo following earnings announcement.

  • Rosenblatt analyst Chris Brendler maintained the stock with a Buy and lowered the price target from $15 to $10.
  • Wedbush analyst Steven Wahrhaftig maintained the stock with an Outperform rating and cut the price target from $15 to $8.

Considering buying BTGO stock? Here’s what analysts think:

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