Northland Capmk Weighs in on Bitcoin Depot Q1 Earnings

Bitcoin Depot Inc. (NASDAQ:BTM - Free Report) - Equities research analysts at Northland Capmk issued their Q1 2026 EPS estimates for shares of Bitcoin Depot in a note issued to investors on Monday, June 2nd. Northland Capmk analyst M. Grondahl forecasts that the company will post earnings of $0.15 per share for the quarter. Northland Capmk currently has a "Strong-Buy" rating on the stock. Northland Capmk also issued estimates for Bitcoin Depot's Q2 2026 earnings at $0.16 EPS, Q3 2026 earnings at $0.11 EPS, Q4 2026 earnings at $0.08 EPS and FY2026 earnings at $0.50 EPS.

Bitcoin Depot (NASDAQ:BTM - Get Free Report) last released its quarterly earnings data 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 business had revenue of $164.23 million during the quarter, compared to analysts' expectations of $151.67 million. Bitcoin Depot had a negative net margin of 2.28% and a negative return on equity of 488.33%.

Several other equities analysts have also recently issued reports on the stock. HC Wainwright restated a "buy" rating and issued a $4.00 price target on shares of Bitcoin Depot in a research report on Tuesday, March 18th. Northland Securities upgraded shares of Bitcoin Depot from a "market perform" rating to an "outperform" rating and set a $5.00 price target for the company in a research report on Friday, May 16th. Wall Street Zen upgraded shares of Bitcoin Depot from a "hold" rating to a "strong-buy" rating in a research report on Thursday, May 22nd. Finally, B. Riley upped their price target on shares of Bitcoin Depot from $4.70 to $5.50 and gave the company a "buy" rating in a research report on Friday, May 16th. Three investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Strong Buy" and a consensus price target of $4.83.

Bitcoin Depot Price Performance

BTM stock traded down $0.11 during trading on Tuesday, reaching $4.49. 1,424,044 shares of the company were exchanged, compared to its average volume of 596,946. The company has a 50-day moving average of $1.97 and a two-hundred day moving average of $1.72. The company has a market capitalization of $288.76 million, a price-to-earnings ratio of -4.83 and a beta of -0.27. Bitcoin Depot has a twelve month low of $0.93 and a twelve month high of $4.79. The company has a debt-to-equity ratio of 9.33, a current ratio of 0.91 and a quick ratio of 0.91.

Insider Activity

In other news, COO Christopher Scott Buchanan sold 29,524 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $1.44, for a total value of $42,514.56. Following the sale, the chief operating officer now directly owns 189,752 shares of the company's stock, valued at approximately $273,242.88. This represents a 13.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 70.23% of the company's stock.

Institutional Investors Weigh In On Bitcoin Depot

Institutional investors have recently modified their holdings of the company. Welch Capital Partners LLC NY boosted its stake 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 acquiring an additional 444,177 shares in the last quarter. Verdence Capital Advisors LLC bought a new position in Bitcoin Depot during the first quarter worth $73,000. Two Sigma Advisers LP bought a new position in Bitcoin Depot during the fourth quarter worth $267,000. Two Sigma Investments LP bought a new position in Bitcoin Depot during the fourth quarter worth $427,000. Finally, Blue Owl Capital Holdings LP boosted its stake 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 worth $29,000 after acquiring an additional 15,000 shares in the last quarter. 9.18% of the stock is owned by institutional investors.

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.