Bitcoin Depot (NASDAQ:BTM) Rating Increased to Strong-Buy at Northland Capmk

Bitcoin Depot (NASDAQ:BTM - Get Free Report) was upgraded by analysts at Northland Capmk from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Friday,Zacks.com reports. Northland Capmk also issued estimates for Bitcoin Depot's Q4 2025 earnings at $0.04 EPS.

Several other brokerages have also issued reports on BTM. B. Riley lifted their price target on shares of Bitcoin Depot from $4.70 to $5.50 and gave the company a "buy" rating in a report on Friday. HC Wainwright reaffirmed a "buy" rating and set a $4.00 price target on shares of Bitcoin Depot in a report 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 report on Friday. Three research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Bitcoin Depot presently has an average rating of "Buy" and an average price target of $4.83.

Bitcoin Depot Price Performance

Shares of NASDAQ:BTM opened at $2.68 on Friday. The firm has a 50 day moving average of $1.45 and a 200-day moving average of $1.58. The stock has a market capitalization of $171.36 million, a PE ratio of -2.88 and a beta of -0.27. 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 has a 12 month low of $0.93 and a 12 month high of $3.52.

Bitcoin Depot (NASDAQ:BTM - Get Free Report) last issued its 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. Bitcoin Depot had a negative net margin of 2.28% and a negative return on equity of 488.33%.

Insiders Place Their Bets

In other Bitcoin Depot news, COO Christopher Scott Buchanan sold 20,476 shares of the business'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 transaction of $27,233.08. Following the sale, the chief operating officer now directly owns 169,276 shares of the company's stock, valued at $225,137.08. The trade was a 10.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 70.23% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Welch Capital Partners LLC NY lifted its position in shares of Bitcoin Depot by 85.1% during the 1st quarter. Welch Capital Partners LLC NY now owns 966,250 shares of the company's stock valued at $1,459,000 after acquiring an additional 444,177 shares during the period. Radcliffe Capital Management L.P. grew its position in Bitcoin Depot by 134.3% during 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 during the period. Two Sigma Investments LP bought a new position in Bitcoin Depot during the fourth quarter valued at about $427,000. Two Sigma Advisers LP bought a new position in Bitcoin Depot during the fourth quarter valued at about $267,000. Finally, Renaissance Technologies LLC boosted its position 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. Institutional investors and hedge funds own 9.18% of the company's stock.

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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