B. Riley Estimates Bitcoin Depot's Q3 Earnings (NASDAQ:BTM)

Key Points

• B. Riley has raised its Q3 2025 earnings per share estimate for Bitcoin Depot from $0.10 to $0.14 and maintains a "Buy" rating with a target price of $6.00.
• The company reported Q2 earnings of $0.16 per share, missing expectations of $0.17, but achieved revenue of $172.11 million, exceeding the forecast of $168 million.
• Various analysts have mixed ratings on Bitcoin Depot, with one strong buy, four buys, one hold, and one sell, resulting in a consensus rating of "Moderate Buy" and an average price target of $5.83.

Bitcoin Depot Inc. (NASDAQ:BTM - Free Report) - Research analysts at B. Riley upped their Q3 2025 EPS estimates for shares of Bitcoin Depot in a report released on Thursday, October 2nd. B. Riley analyst H. Goetsch now forecasts that the company will post earnings per share of $0.14 for the quarter, up from their previous estimate of $0.10. B. Riley currently has a "Buy" rating and a $6.00 target price on the stock.

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

Other equities analysts also recently issued reports about the stock. Zacks Research downgraded shares of Bitcoin Depot from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Weiss Ratings reissued a "sell (d+)" rating on shares of Bitcoin Depot in a research report on Saturday, September 27th. HC Wainwright lifted their price objective on Bitcoin Depot from $5.00 to $6.50 and gave the company a "buy" rating in a report on Wednesday, August 13th. Finally, Noble Financial reiterated an "outperform" rating on shares of Bitcoin Depot in a research report on Friday, June 13th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $5.83.

Bitcoin Depot Stock Performance

Shares of Bitcoin Depot stock opened at $3.85 on Monday. The firm has a fifty day moving average of $4.03 and a two-hundred day moving average of $3.63. The stock has a market capitalization of $262.11 million, a price-to-earnings ratio of 38.50 and a beta of 0.81. Bitcoin Depot has a 52 week low of $0.93 and a 52 week high of $6.88. The company has a debt-to-equity ratio of 12.34, a quick ratio of 1.41 and a current ratio of 1.41.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Two Sigma Investments LP bought a new stake in Bitcoin Depot during the 4th quarter worth $427,000. Verdence Capital Advisors LLC bought a new stake in shares of Bitcoin Depot during the first quarter worth about $73,000. Welch Capital Partners LLC NY increased its stake in shares of Bitcoin Depot by 85.1% in the first quarter. Welch Capital Partners LLC NY now owns 966,250 shares of the company's stock valued at $1,459,000 after buying an additional 444,177 shares during the period. Baader Bank Aktiengesellschaft bought a new position in Bitcoin Depot in the 2nd quarter valued at approximately $259,000. Finally, Truist Financial Corp bought a new position in Bitcoin Depot in the 2nd quarter valued at approximately $71,000. 9.18% of the stock is currently owned by institutional investors.

Insider Transactions at Bitcoin Depot

In related news, COO Christopher Scott Buchanan sold 22,000 shares of the stock in a transaction that occurred 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 transaction, the chief operating officer owned 147,276 shares of the company's stock, valued at $620,031.96. This represents a 13.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders have sold 36,000 shares of company stock worth $144,000. 70.23% of the stock is owned by corporate insiders.

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.

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