BTCS (NASDAQ:BTCS) Price Target Raised to $7.00

Key Points

• BTCS has seen its price target raised from $5.00 to $7.00 by HC Wainwright, indicating a potential upside of 55.90% from its current price.
• The stock recently opened at $4.49 and has experienced a 3.2% increase, with its market cap now at $214.85 million.
• In a separate report, Wall Street Zen upgraded BTCS from a "sell" rating to a "hold" rating, reflecting a more favorable view on the stock's potential.

BTCS (NASDAQ:BTCS - Get Free Report) had its target price lifted by investment analysts at HC Wainwright from $5.00 to $7.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. HC Wainwright's price target would indicate a potential upside of 58.73% from the stock's previous close. HC Wainwright also issued estimates for BTCS's FY2026 earnings at ($0.05) EPS.

Separately, Wall Street Zen upgraded shares of BTCS from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th.

BTCS Stock Performance

Shares of NASDAQ:BTCS traded down $0.08 during trading on Friday, hitting $4.41. The company's stock had a trading volume of 4,411,575 shares, compared to its average volume of 7,210,618. The company has a 50-day moving average of $3.86 and a 200-day moving average of $2.74. BTCS has a 12 month low of $0.95 and a 12 month high of $8.49. The company has a debt-to-equity ratio of 0.17, a current ratio of 8.19 and a quick ratio of 8.19. The firm has a market cap of $211.90 million, a price-to-earnings ratio of -3.87 and a beta of 1.17.

BTCS (NASDAQ:BTCS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.03). BTCS had a negative return on equity of 51.90% and a negative net margin of 268.37%. The business had revenue of $2.77 million during the quarter, compared to the consensus estimate of $1.70 million. On average, sell-side analysts expect that BTCS will post -0.08 earnings per share for the current year.

Insider Buying and Selling

In other BTCS news, COO Michal Handerhan sold 112,779 shares of the firm's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $6.00, for a total transaction of $676,674.00. Following the sale, the chief operating officer owned 1,641,581 shares in the company, valued at approximately $9,849,486. This trade represents a 6.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 42.80% of the company's stock.

Institutional Investors Weigh In On BTCS

Institutional investors and hedge funds have recently modified their holdings of the stock. Tidal Investments LLC bought a new stake in shares of BTCS during the second quarter valued at approximately $54,000. SBI Securities Co. Ltd. raised its position in shares of BTCS by 39.7% during the first quarter. SBI Securities Co. Ltd. now owns 24,846 shares of the company's stock valued at $37,000 after buying an additional 7,064 shares during the last quarter. DLK Investment Management LLC raised its position in shares of BTCS by 13.3% during the second quarter. DLK Investment Management LLC now owns 32,392 shares of the company's stock valued at $71,000 after buying an additional 3,792 shares during the last quarter. Geode Capital Management LLC raised its position in shares of BTCS by 10.6% during the fourth quarter. Geode Capital Management LLC now owns 98,019 shares of the company's stock valued at $242,000 after buying an additional 9,404 shares during the last quarter. Finally, Invesco Ltd. bought a new stake in shares of BTCS during the fourth quarter valued at approximately $294,000. Institutional investors own 3.48% of the company's stock.

About BTCS

BTCS Inc operates in blockchain technology sector the United States. Its blockchain-infrastructure secures and operates validator nodes on disruptive blockchain networks, as well as validates transactions for crypto holding delegations on dPoS blockchains. The company offers StakeSeeker, a cryptocurrency dashboard and staking-as-a-service platform that allows crypto asset holders to earn rewards by participating in network consensus mechanisms; and Builder+, a Ethereum block builder offered to maximize validator earnings by utilizing algorithms to construct optimized blocks for on-chain validation.