Northland Capmk upgraded shares of Bitcoin Depot (NASDAQ:BTM - Free Report) from a hold rating to a strong-buy rating in a report issued on Friday,Zacks.com reports. Northland Capmk also issued estimates for Bitcoin Depot's Q4 2025 earnings at $0.04 EPS.
BTM has been the topic of several other reports. B. Riley raised their target price on Bitcoin Depot from $4.70 to $5.50 and gave the stock a "buy" rating in a report on Friday, May 16th. Northland Securities raised shares of Bitcoin Depot from a "market perform" rating to an "outperform" rating and set a $5.00 target price for the company in a report on Friday, May 16th. Finally, HC Wainwright reiterated a "buy" rating and issued a $4.00 target price on shares of Bitcoin Depot in a research note on Tuesday, March 18th. Three analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Bitcoin Depot currently has a consensus rating of "Strong Buy" and an average target price of $4.83.
Check Out Our Latest Report on BTM
Bitcoin Depot Stock Performance
Shares of BTM stock traded up $0.30 during trading hours on Friday, hitting $3.32. The company's stock had a trading volume of 2,078,548 shares, compared to its average volume of 518,942. The stock has a market cap of $211.96 million, a PE ratio of -3.58 and a beta of -0.27. Bitcoin Depot has a 12-month low of $0.93 and a 12-month high of $3.60. The company has a 50 day moving average of $1.55 and a 200 day moving average of $1.61. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 9.33.
Bitcoin Depot (NASDAQ:BTM - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.09 by $0.11. The company had revenue of $164.23 million for the quarter, compared to analyst estimates of $151.67 million. Bitcoin Depot had a negative net margin of 2.28% and a negative return on equity of 488.33%.
Insider Activity at Bitcoin Depot
In other news, COO Christopher Scott Buchanan sold 29,524 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $1.44, for a total transaction of $42,514.56. Following the transaction, the chief operating officer now owns 189,752 shares in the company, valued at $273,242.88. This trade represents a 13.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 70.23% of the stock is owned by company insiders.
Institutional Investors Weigh In On Bitcoin Depot
Several institutional investors and hedge funds have recently added to or reduced their stakes in BTM. Blue Owl Capital Holdings LP lifted its holdings in Bitcoin Depot by 480.0% during the fourth quarter. Blue Owl Capital Holdings LP now owns 18,125 shares of the company's stock valued at $29,000 after purchasing an additional 15,000 shares in the last quarter. Verdence Capital Advisors LLC acquired a new position in shares of Bitcoin Depot during the 1st quarter worth about $73,000. Renaissance Technologies LLC lifted its stake in Bitcoin Depot by 96.4% in the 4th quarter. Renaissance Technologies LLC now owns 146,100 shares of the company's stock valued at $237,000 after buying an additional 71,700 shares in the last quarter. Two Sigma Advisers LP acquired a new stake in Bitcoin Depot in the 4th quarter worth about $267,000. Finally, Two Sigma Investments LP purchased a new stake in Bitcoin Depot during the 4th quarter worth approximately $427,000. Hedge funds and other institutional investors own 9.18% 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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