AWM Investment Company Inc. cut its stake in Bitcoin Depot Inc. (NASDAQ:BTM - Free Report) by 12.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 817,305 shares of the company's stock after selling 119,697 shares during the period. AWM Investment Company Inc. owned about 1.35% of Bitcoin Depot worth $1,324,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Welch Capital Partners LLC NY grew its holdings in shares of Bitcoin Depot by 480.1% during the 4th quarter. Welch Capital Partners LLC NY now owns 522,073 shares of the company's stock valued at $846,000 after purchasing an additional 432,073 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Bitcoin Depot by 96.4% in the 4th quarter. Renaissance Technologies LLC now owns 146,100 shares of the company's stock worth $237,000 after acquiring an additional 71,700 shares during the last quarter. Blue Owl Capital Holdings LP increased its holdings in Bitcoin Depot by 480.0% during the 4th 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 during the period. Radcliffe Capital Management L.P. grew its position in shares of Bitcoin Depot by 134.3% in the 4th quarter. Radcliffe Capital Management L.P. now owns 285,835 shares of the company's stock worth $463,000 after buying an additional 163,854 shares during the last quarter. Finally, Two Sigma Investments LP purchased a new position in Bitcoin Depot during the 4th quarter valued at $427,000. 9.18% of the stock is currently owned by hedge funds and other institutional investors.
Bitcoin Depot Price Performance
NASDAQ:BTM traded down $0.17 during trading hours on Monday, reaching $3.34. The stock had a trading volume of 3,198,794 shares, compared to its average volume of 540,357. The company has a debt-to-equity ratio of 9.33, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market capitalization of $213.56 million, a PE ratio of -3.59 and a beta of -0.27. Bitcoin Depot Inc. has a 52 week low of $0.93 and a 52 week high of $3.75. The company has a 50 day moving average price of $1.63 and a two-hundred day moving average price of $1.64.
Bitcoin Depot (NASDAQ:BTM - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The company reported $0.20 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%.
Insider Buying and Selling at Bitcoin Depot
In related news, COO Christopher Scott Buchanan sold 20,476 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $1.33, for a total transaction of $27,233.08. Following the completion of the sale, the chief operating officer now directly owns 169,276 shares of the company's stock, valued at approximately $225,137.08. This trade represents a 10.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 70.23% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the company. Northland Securities raised Bitcoin Depot from a "market perform" rating to an "outperform" rating and set a $5.00 price objective for the company in a research report on Friday, May 16th. Northland Capmk raised Bitcoin Depot from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 16th. B. Riley boosted 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. HC Wainwright reaffirmed a "buy" rating and issued a $4.00 price target on shares of Bitcoin Depot in a research report on Tuesday, March 18th. Finally, Wall Street Zen upgraded shares of Bitcoin Depot from a "hold" rating to a "strong-buy" rating in a research note on Thursday. Three equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Strong Buy" and a consensus price target of $4.83.
Read Our Latest Analysis on Bitcoin Depot
Bitcoin Depot Company Profile
(
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.
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