Noble Financial Predicts Lower Earnings 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) - Research analysts at Noble Financial cut their Q3 2025 EPS estimates for Bitcoin Depot in a research note 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 previous forecast 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.

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

A number of other brokerages have also recently commented on BTM. Northland Capmk upgraded Bitcoin Depot from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 16th. Northland Securities upgraded Bitcoin Depot from a "market perform" rating to an "outperform" rating and set a $5.00 price target for the company in a research note on Friday, May 16th. Zacks Research cut Bitcoin Depot from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. HC Wainwright lifted their price target on shares of Bitcoin Depot from $5.00 to $6.50 and gave the stock a "buy" rating in a report on Wednesday, August 13th. Finally, Wall Street Zen upgraded shares of Bitcoin Depot from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Bitcoin Depot currently has a consensus rating of "Buy" and a consensus target price of $5.67.

Bitcoin Depot Price Performance

BTM traded down $0.2950 during trading on Thursday, hitting $3.7450. 908,988 shares of the stock traded hands, compared to its average volume of 999,066. Bitcoin Depot has a twelve month low of $0.93 and a twelve month high of $6.88. The company has a market cap of $240.85 million, a price-to-earnings ratio of 37.45 and a beta of 0.86. The company has a debt-to-equity ratio of 12.34, a current ratio of 1.41 and a quick ratio of 1.41. The business has a 50 day moving average price of $5.35 and a 200 day moving average price of $3.06.

Insider Buying and Selling

In other Bitcoin Depot news, COO Christopher Scott Buchanan sold 22,000 shares of the firm's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $4.21, for a total value of $92,620.00. Following the completion of the sale, the chief operating officer directly owned 147,276 shares in the company, valued at approximately $620,031.96. This trade represents a 13.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 70.23% of the company's stock.

Institutional Investors Weigh In On Bitcoin Depot

A number of large investors have recently bought and sold shares of BTM. Renaissance Technologies LLC grew its holdings in Bitcoin Depot by 96.4% in the fourth quarter. Renaissance Technologies LLC now owns 146,100 shares of the company's stock worth $237,000 after purchasing an additional 71,700 shares during the period. Radcliffe Capital Management L.P. lifted its stake in shares of Bitcoin Depot by 134.3% in the fourth quarter. Radcliffe Capital Management L.P. now owns 285,835 shares of the company's stock valued at $463,000 after buying an additional 163,854 shares in the last quarter. Blue Owl Capital Holdings LP lifted its stake in shares of Bitcoin Depot by 480.0% in the fourth quarter. Blue Owl Capital Holdings LP now owns 18,125 shares of the company's stock valued at $29,000 after buying an additional 15,000 shares in the last quarter. Two Sigma Investments LP bought a new stake in shares of Bitcoin Depot during the fourth quarter worth about $427,000. Finally, Two Sigma Advisers LP bought a new stake in shares of Bitcoin Depot during the fourth quarter worth about $267,000. 9.18% of the stock is currently owned by institutional investors and hedge funds.

Bitcoin Depot Company Profile

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.