Northland Capmk Predicts Lower Earnings for Bitcoin Depot

Bitcoin Depot Inc. (NASDAQ:BTM - Free Report) - Analysts at Northland Capmk reduced their Q4 2025 earnings per share estimates for Bitcoin Depot in a report released on Friday, May 16th. Northland Capmk analyst M. Grondahl now expects that the company will earn $0.04 per share for the quarter, down from their prior forecast of $0.08. Northland Capmk has a "Strong-Buy" rating on the stock.

Bitcoin Depot (NASDAQ:BTM - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.11. The company had revenue of $164.23 million during the quarter, compared to analysts' expectations of $151.67 million. Bitcoin Depot had a negative return on equity of 488.33% and a negative net margin of 2.28%.

BTM has been the topic of a number of other research reports. Northland Securities upgraded shares of Bitcoin Depot from a "market perform" rating to an "outperform" rating and set a $5.00 price target on the stock in a research report on Friday, May 16th. HC Wainwright restated a "buy" rating and issued a $4.00 target price on shares of Bitcoin Depot in a report on Tuesday, March 18th. B. Riley upped their price target on shares of Bitcoin Depot from $4.70 to $5.50 and gave the company a "buy" rating in a research report 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. Three research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Strong Buy" and a consensus price target of $4.83.

Bitcoin Depot Trading Up 16.2%

NASDAQ:BTM traded up $0.49 on Monday, reaching $3.51. 3,383,667 shares of the stock traded hands, compared to its average volume of 524,028. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 9.33. Bitcoin Depot has a 1-year low of $0.93 and a 1-year high of $3.68. The company's 50 day moving average is $1.55 and its 200-day moving average is $1.61. The firm has a market capitalization of $224.43 million, a price-to-earnings ratio of -3.77 and a beta of -0.27.

Insider Activity

In other news, COO Christopher Scott Buchanan sold 29,524 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $1.44, for a total transaction of $42,514.56. Following the transaction, the chief operating officer now owns 189,752 shares of the company's stock, valued at $273,242.88. This represents a 13.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 70.23% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Welch Capital Partners LLC NY grew its stake in Bitcoin Depot by 85.1% in the first quarter. Welch Capital Partners LLC NY now owns 966,250 shares of the company's stock valued at $1,459,000 after acquiring an additional 444,177 shares during the period. Two Sigma Investments LP acquired a new position in shares of Bitcoin Depot during the fourth quarter worth approximately $427,000. Two Sigma Advisers LP bought a new position in shares of Bitcoin Depot in the 4th quarter worth $267,000. Radcliffe Capital Management L.P. grew its position in Bitcoin Depot by 134.3% in the 4th quarter. Radcliffe Capital Management L.P. now owns 285,835 shares of the company's stock valued at $463,000 after purchasing an additional 163,854 shares during the period. Finally, Renaissance Technologies LLC grew its position in Bitcoin Depot by 96.4% in the 4th quarter. Renaissance Technologies LLC now owns 146,100 shares of the company's stock valued at $237,000 after purchasing an additional 71,700 shares during the period. 9.18% of the stock is owned by institutional investors and hedge funds.

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.