Noble Financial Cuts Earnings Estimates for Bitcoin Depot

Key Points

• Noble Financial has revised its earnings per share estimate for Bitcoin Depot's Q3 2025, lowering it from $0.06 to $0.05, while maintaining an "Outperform" rating on the stock.
• Despite a reported earnings miss of $0.01 per share for the most recent quarter, Bitcoin Depot's revenue exceeded estimates, with $172.11 million compared to projections of $168 million.
• Bitcoin Depot's stock has seen positive ratings changes, notably with HC Wainwright increasing the target price from $5.00 to $6.50 and several firms upgrading the stock's rating to "strong buy."

Bitcoin Depot Inc. (NASDAQ:BTM - Free Report) - Noble Financial cut their Q3 2025 EPS estimates for Bitcoin Depot in a research report issued on Wednesday, August 13th. Noble Financial analyst P. Mccann now anticipates that the company will post earnings of $0.05 per share for the quarter, down from their prior estimate of $0.06. Noble Financial has a "Outperform" rating on the stock. Noble Financial also issued estimates for Bitcoin Depot's FY2025 earnings at $0.44 EPS and FY2026 earnings at $0.60 EPS.

Other equities analysts have also issued reports about the stock. Northland Capmk raised shares of Bitcoin Depot from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 16th. Northland Securities upgraded shares of Bitcoin Depot from a "market perform" rating to an "outperform" rating and set a $5.00 price target on the stock in a research note on Friday, May 16th. B. Riley increased their price objective on shares of Bitcoin Depot from $4.70 to $5.50 and gave the stock a "buy" rating in a research note on Friday, May 16th. HC Wainwright raised their price target on shares of Bitcoin Depot from $5.00 to $6.50 and gave the company a "buy" rating in a research note on Wednesday. Finally, Wall Street Zen upgraded shares of Bitcoin Depot from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 22nd. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Bitcoin Depot has a consensus rating of "Buy" and an average target price of $5.67.

Bitcoin Depot Stock Down 1.0%

Shares of BTM stock traded down $0.04 during trading on Thursday, reaching $4.07. The company's stock had a trading volume of 839,457 shares, compared to its average volume of 1,147,767. The company has a quick ratio of 1.09, a current ratio of 1.41 and a debt-to-equity ratio of 12.34. The business has a fifty day moving average price of $5.38 and a 200-day moving average price of $3.03. Bitcoin Depot has a one year low of $0.93 and a one year high of $6.88. The company has a market cap of $261.74 million, a price-to-earnings ratio of 40.70 and a beta of 0.86.

Bitcoin Depot (NASDAQ:BTM - Get Free Report) last released its quarterly earnings results on Tuesday, August 12th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.01). The company had revenue of $172.11 million during the quarter, compared to analyst estimates of $168.00 million. Bitcoin Depot had a net margin of 0.44% and a negative return on equity of 44.12%.

Hedge Funds Weigh In On Bitcoin Depot

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Two Sigma Investments LP bought a new position in shares of Bitcoin Depot in the fourth quarter worth approximately $427,000. Two Sigma Advisers LP purchased a new stake in Bitcoin Depot in the fourth quarter worth approximately $267,000. Welch Capital Partners LLC NY boosted its stake in shares of Bitcoin Depot by 85.1% during the first quarter. Welch Capital Partners LLC NY now owns 966,250 shares of the company's stock valued at $1,459,000 after purchasing an additional 444,177 shares during the period. Verdence Capital Advisors LLC purchased a new stake in shares of Bitcoin Depot during the first quarter valued at approximately $73,000. Finally, Renaissance Technologies LLC boosted its stake in shares of Bitcoin Depot by 96.4% during the fourth quarter. Renaissance Technologies LLC now owns 146,100 shares of the company's stock valued at $237,000 after purchasing an additional 71,700 shares during the period. 9.18% of the stock is owned by hedge funds and other institutional investors.

About Bitcoin Depot

Bitcoin Depot Inc owns and operates a network of cryptocurrency kiosks in North America. Its customers can buy and sell bitcoin, litecoin, and ethereum cryptocurrencies using the BTM kiosk network and other services. The company also engages in the sale of cryptocurrency to consumers at a network of retail locations through its BDCheckout product offering, as well as its website through over-the-counter trade.