Bitcoin Depot Inc. (NASDAQ:BTM - Free Report) - Equities research analysts at B. Riley boosted their FY2025 earnings per share (EPS) estimates for Bitcoin Depot in a report released on Thursday, October 2nd. B. Riley analyst H. Goetsch now expects that the company will post earnings per share of $0.74 for the year, up from their previous forecast of $0.69. B. Riley has a "Buy" rating and a $6.00 price target on the stock. B. Riley also issued estimates for Bitcoin Depot's Q4 2025 earnings at $0.11 EPS.
Bitcoin Depot (NASDAQ:BTM - Get Free Report) last released its quarterly earnings data 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 business had revenue of $172.11 million for the quarter, compared to the consensus estimate of $168.00 million. Bitcoin Depot had a net margin of 0.44% and a negative return on equity of 44.12%.
Other analysts have also recently issued research reports about the stock. HC Wainwright raised their target price on shares of Bitcoin Depot from $5.00 to $6.50 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Zacks Research downgraded Bitcoin Depot from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Finally, Noble Financial reaffirmed an "outperform" rating on shares of Bitcoin Depot in a research note on Friday, June 13th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $5.83.
Read Our Latest Stock Report on BTM
Bitcoin Depot Stock Up 0.3%
Bitcoin Depot stock opened at $3.83 on Friday. The company has a fifty day simple moving average of $4.06 and a 200 day simple moving average of $3.58. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 12.34. Bitcoin Depot has a 1-year low of $0.93 and a 1-year high of $6.88. The company has a market cap of $260.75 million, a P/E ratio of 38.30 and a beta of 0.81.
Insider Buying and Selling at Bitcoin Depot
In related news, COO Christopher Scott Buchanan sold 22,000 shares of the company's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $4.21, for a total value of $92,620.00. Following the transaction, the chief operating officer directly owned 147,276 shares of the company's stock, valued at approximately $620,031.96. This represents a 13.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 70.23% of the stock is owned by insiders.
Institutional Investors Weigh In On Bitcoin Depot
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE raised its holdings in shares of Bitcoin Depot by 11,320.0% during the 2nd quarter. Bank of America Corp DE now owns 9,707 shares of the company's stock worth $49,000 after acquiring an additional 9,622 shares in the last quarter. Cetera Investment Advisers bought a new position in shares of Bitcoin Depot during the second quarter valued at approximately $51,000. Truist Financial Corp bought a new stake in shares of Bitcoin Depot during the second quarter worth $71,000. Verdence Capital Advisors LLC purchased a new stake in Bitcoin Depot in the 1st quarter valued at about $73,000. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Bitcoin Depot in the 2nd quarter worth $74,000. 9.18% of the stock is owned by institutional investors.
Bitcoin Depot Company Profile
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Get Free Report)
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.
Further Reading
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