HC Wainwright Raises Bitcoin Depot (NASDAQ:BTM) Price Target to $6.50

Key Points

• HC Wainwright has raised its price target for Bitcoin Depot (NASDAQ:BTM) from $5.00 to $6.50, indicating a potential upside of 54.03% from the current share price.
• The stock has received multiple upgrades from analysts, with an average rating of "Buy" and a price target of $5.67 from various research firms.
• Bitcoin Depot recently reported quarterly earnings with $0.16 EPS, slightly below analyst expectations, but exceeding revenue predictions by posting $172.11 million.

Bitcoin Depot (NASDAQ:BTM - Get Free Report) had its target price boosted by research analysts at HC Wainwright from $5.00 to $6.50 in a report issued on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the stock. HC Wainwright's price objective suggests a potential upside of 60.89% from the company's previous close. HC Wainwright also issued estimates for Bitcoin Depot's Q3 2025 earnings at ($0.07) EPS, Q4 2025 earnings at ($0.07) EPS, FY2025 earnings at $0.22 EPS, Q1 2026 earnings at $0.16 EPS, Q2 2026 earnings at $0.18 EPS, Q3 2026 earnings at ($0.02) EPS, Q4 2026 earnings at $0.00 EPS and FY2026 earnings at $0.31 EPS.

BTM has been the subject of several other research reports. Wall Street Zen raised Bitcoin Depot from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 22nd. Northland Securities upgraded 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. B. Riley raised their price target on Bitcoin Depot from $4.70 to $5.50 and gave the stock a "buy" rating in a research report on Friday, May 16th. Northland Capmk upgraded Bitcoin Depot from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 16th. Finally, Noble Financial restated an "outperform" rating on shares of Bitcoin Depot in a research report on Friday, June 13th. Four analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $5.67.

Bitcoin Depot Price Performance

Shares of NASDAQ:BTM traded down $0.03 during midday trading on Wednesday, hitting $4.04. The company had a trading volume of 980,260 shares, compared to its average volume of 999,689. Bitcoin Depot has a twelve month low of $0.93 and a twelve month high of $6.88. The company has a debt-to-equity ratio of 12.34, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a market cap of $259.81 million, a price-to-earnings ratio of 40.40 and a beta of 0.86. The business's 50-day simple moving average is $5.38 and its 200-day simple moving average is $3.04.

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

Insider Transactions at Bitcoin Depot

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

Institutional Trading of Bitcoin Depot

A number of institutional investors have recently bought and sold shares of BTM. Welch Capital Partners LLC NY lifted its holdings in shares of Bitcoin Depot by 33.0% in the 2nd quarter. Welch Capital Partners LLC NY now owns 1,285,190 shares of the company's stock valued at $6,516,000 after purchasing an additional 318,940 shares during the last quarter. Marshall Wace LLP purchased a new stake in Bitcoin Depot during the 2nd quarter valued at approximately $4,097,000. Radcliffe Capital Management L.P. raised its stake in Bitcoin Depot by 134.3% during the 4th quarter. Radcliffe Capital Management L.P. now owns 285,835 shares of the company's stock valued at $463,000 after acquiring an additional 163,854 shares during the last quarter. Two Sigma Investments LP purchased a new stake in Bitcoin Depot during the 4th quarter valued at approximately $427,000. Finally, Lazard Asset Management LLC purchased a new stake in Bitcoin Depot during the 2nd quarter valued at approximately $1,149,000. 9.18% of the stock is owned by hedge funds and other 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.