Bitcoin Depot (NASDAQ:BTM) Rating Reiterated by HC Wainwright

Bitcoin Depot (NASDAQ:BTM - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at HC Wainwright in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $4.00 target price on the stock. HC Wainwright's price target would suggest a potential upside of 115.05% from the stock's previous close.

Separately, B. Riley decreased their price target on shares of Bitcoin Depot from $6.00 to $4.00 and set a "buy" rating on the stock in a research note on Tuesday, March 26th.

Bitcoin Depot Trading Down 6.1 %

Shares of Bitcoin Depot stock traded down $0.12 during trading on Tuesday, hitting $1.86. 90,649 shares of the stock were exchanged, compared to its average volume of 325,183. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 2.13. Bitcoin Depot has a 12 month low of $1.36 and a 12 month high of $10.85. The stock's fifty day moving average is $2.03 and its 200 day moving average is $2.28.

Bitcoin Depot (NASDAQ:BTM - Get Free Report) last posted its quarterly earnings results on Monday, April 15th. The company reported ($0.50) earnings per share (EPS) for the quarter. The firm had revenue of $148.41 million for the quarter. On average, research analysts forecast that Bitcoin Depot will post 0.13 earnings per share for the current year.

Insider Activity

In related news, COO Christopher Scott Buchanan sold 14,512 shares of the business's stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $2.48, for a total transaction of $35,989.76. Following the completion of the transaction, the chief operating officer now owns 338,741 shares in the company, valued at $840,077.68. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Brandon Taylor Mintz sold 50,000 shares of Bitcoin Depot stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $1.73, for a total transaction of $86,500.00. Following the completion of the sale, the insider now directly owns 696,702 shares of the company's stock, valued at approximately $1,205,294.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Christopher Scott Buchanan sold 14,512 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $2.48, for a total value of $35,989.76. Following the sale, the chief operating officer now directly owns 338,741 shares in the company, valued at approximately $840,077.68. The disclosure for this sale can be found here. Insiders have sold 3,104,353 shares of company stock valued at $5,372,260 over the last 90 days. 20.09% of the stock is owned by company insiders.

Institutional Trading of Bitcoin Depot

Hedge funds have recently added to or reduced their stakes in the stock. Cowen AND Company LLC bought a new position in Bitcoin Depot in the 3rd quarter valued at $35,000. Owl Creek Asset Management L.P. bought a new position in Bitcoin Depot in the 4th quarter valued at $68,000. Privium Fund Management UK Ltd bought a new position in Bitcoin Depot in the 1st quarter valued at $60,000. Saba Capital Management L.P. bought a new stake in shares of Bitcoin Depot in the third quarter valued at $305,000. Finally, Kepos Capital LP bought a new stake in shares of Bitcoin Depot in the third quarter valued at $368,000. Institutional investors and hedge funds own 9.18% of the company's stock.

About Bitcoin Depot

Bitcoin Depot Inc owns and operates a network of cryptocurrency kiosks in North America. It provides users to buy and sell bitcoin, litecoin, and ethereum cryptocurrencies; and engages in the sale of cryptocurrency to consumers at a network of retail locations through its BDCheckout product offering and through its website over the counter trade.