B. Riley Issues Positive Forecast for Bitcoin Depot Earnings

Key Points

• Analysts at B. Riley have raised their FY2025 EPS estimates for Bitcoin Depot Inc. from $0.52 to $0.69, maintaining a "Buy" rating with a price target of $5.50.
• Other research firms have also upgraded their ratings on Bitcoin Depot, with four analysts issuing "Buy" ratings and two giving "Strong Buy" ratings.
• During recent trading, Bitcoin Depot's shares saw a slight decline of 1.9%, trading at $4.03, with an average target price of $5.67 among analysts.

Bitcoin Depot Inc. (NASDAQ:BTM - Free Report) - B. Riley upped their FY2025 EPS estimates for Bitcoin Depot in a research report issued on Tuesday, August 12th. B. Riley analyst H. Goetsch now anticipates that the company will post earnings of $0.69 per share for the year, up from their prior estimate of $0.52. B. Riley has a "Buy" rating and a $5.50 price target on the stock. B. Riley also issued estimates for Bitcoin Depot's Q4 2025 earnings at $0.10 EPS.

Bitcoin Depot (NASDAQ:BTM - Get Free Report) last announced its quarterly earnings results on Tuesday, August 12th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.01). Bitcoin Depot had a net margin of 0.44% and a negative return on equity of 44.12%. The firm had revenue of $172.11 million during the quarter, compared to analyst estimates of $168.00 million.

A number of other brokerages have also weighed in on BTM. 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 report on Friday, May 16th. HC Wainwright boosted their price objective on shares of Bitcoin Depot from $5.00 to $6.50 and gave the company a "buy" rating in a research report on Wednesday, August 13th. Noble Financial reaffirmed an "outperform" rating on shares of Bitcoin Depot in a research note on Friday, June 13th. Northland Capmk raised Bitcoin Depot from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 16th. Finally, Wall Street Zen raised Bitcoin Depot from a "hold" rating to a "strong-buy" rating in a research report on Thursday, May 22nd. Four analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Bitcoin Depot has a consensus rating of "Buy" and a consensus price target of $5.67.

Bitcoin Depot Stock Down 0.7%

Shares of BTM traded down $0.03 on Friday, hitting $4.04. The company's stock had a trading volume of 980,260 shares, compared to its average volume of 1,024,786. The firm's fifty day moving average price is $5.35 and its 200-day moving average price is $3.06. Bitcoin Depot has a fifty-two week low of $0.93 and a fifty-two week high of $6.88. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 12.34. The firm has a market capitalization of $259.81 million, a price-to-earnings ratio of 40.40 and a beta of 0.86.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE raised its stake in shares of Bitcoin Depot by 11,320.0% during the 2nd quarter. Bank of America Corp DE now owns 9,707 shares of the company's stock worth $49,000 after purchasing an additional 9,622 shares in the last quarter. Cetera Investment Advisers bought a new position in shares of Bitcoin Depot in the second quarter valued at $51,000. Qube Research & Technologies Ltd acquired a new position in Bitcoin Depot during the second quarter worth $74,000. Truist Financial Corp bought a new stake in Bitcoin Depot during the second quarter worth $71,000. Finally, Man Group plc acquired a new stake in Bitcoin Depot in the second quarter valued at $84,000. 9.18% of the stock is currently owned by institutional investors.

Insider Activity at Bitcoin Depot

In other news, COO Christopher Scott Buchanan sold 22,000 shares of the firm's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $4.21, for a total value of $92,620.00. Following the completion of the transaction, the chief operating officer owned 147,276 shares in the company, valued at $620,031.96. This trade represents a 13.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 70.23% of the stock is currently owned by corporate insiders.

Bitcoin Depot Company Profile

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.