Bitcoin Depot Inc. (NASDAQ:BTM - Free Report) - Analysts at B. Riley increased their Q2 2025 earnings estimates for shares of Bitcoin Depot in a research report issued to clients and investors on Friday, May 16th. B. Riley analyst H. Goetsch now anticipates that the company will earn $0.13 per share for the quarter, up from their previous forecast of $0.12. B. Riley currently has a "Buy" rating and a $5.50 target price on the stock. B. Riley also issued estimates for Bitcoin Depot's FY2025 earnings at $0.52 EPS.
Other equities analysts also recently issued reports about the stock. Wall Street Zen raised shares of Bitcoin Depot from a "hold" rating to a "strong-buy" rating in a report on Thursday. Northland Capmk raised shares of Bitcoin Depot from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 16th. HC Wainwright reaffirmed a "buy" rating and issued a $4.00 price target on shares of Bitcoin Depot in a research note on Tuesday, March 18th. Finally, Northland Securities raised 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. Three investment analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Bitcoin Depot has an average rating of "Strong Buy" and an average price target of $4.83.
Check Out Our Latest Research Report on BTM
Bitcoin Depot Price Performance
Shares of NASDAQ:BTM traded down $0.17 during midday trading on Monday, reaching $3.34. 3,198,794 shares of the company's stock traded hands, compared to its average volume of 538,775. Bitcoin Depot has a 1 year low of $0.93 and a 1 year high of $4.01. The company has a market cap of $213.56 million, a P/E ratio of -3.59 and a beta of -0.27. The company has a debt-to-equity ratio of 9.33, a quick ratio of 0.91 and a current ratio of 0.91. The company has a fifty day simple moving average of $1.63 and a two-hundred day simple moving average of $1.64.
Bitcoin Depot (NASDAQ:BTM - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.11. The company had revenue of $164.23 million for the quarter, compared to the consensus estimate of $151.67 million. Bitcoin Depot had a negative return on equity of 488.33% and a negative net margin of 2.28%.
Hedge Funds Weigh In On Bitcoin Depot
A number of institutional investors have recently added to or reduced their stakes in the stock. Welch Capital Partners LLC NY lifted its position in Bitcoin Depot by 85.1% during the first quarter. Welch Capital Partners LLC NY now owns 966,250 shares of the company's stock worth $1,459,000 after buying an additional 444,177 shares in the last quarter. Radcliffe Capital Management L.P. raised its holdings in shares of Bitcoin Depot by 134.3% during the 4th quarter. Radcliffe Capital Management L.P. now owns 285,835 shares of the company's stock worth $463,000 after acquiring an additional 163,854 shares during the period. Two Sigma Investments LP purchased a new position in Bitcoin Depot during the fourth quarter worth about $427,000. Two Sigma Advisers LP purchased a new position in Bitcoin Depot during the fourth quarter worth about $267,000. Finally, Renaissance Technologies LLC raised its stake in Bitcoin Depot by 96.4% during 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. Hedge funds and other institutional investors own 9.18% of the company's stock.
Insider Transactions at Bitcoin Depot
In other Bitcoin Depot news, COO Christopher Scott Buchanan sold 20,476 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $1.33, for a total value of $27,233.08. Following the transaction, the chief operating officer now directly owns 169,276 shares of the company's stock, valued at $225,137.08. This trade represents a 10.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 70.23% of the company's stock.
Bitcoin Depot Company Profile
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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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