Northland Capmk Forecasts Reduced Earnings for Bitcoin Depot

Bitcoin Depot Inc. (NASDAQ:BTM - Free Report) - Equities research analysts at Northland Capmk reduced their Q4 2025 earnings estimates for shares of Bitcoin Depot in a research report issued on Friday, May 16th. Northland Capmk analyst M. Grondahl now forecasts that the company will earn $0.04 per share for the quarter, down from their prior forecast of $0.08. Northland Capmk currently 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, topping analysts' consensus estimates of $0.09 by $0.11. Bitcoin Depot had a negative net margin of 2.28% and a negative return on equity of 488.33%. The company had revenue of $164.23 million during the quarter, compared to the consensus estimate of $151.67 million.

Several other equities analysts also recently commented on the stock. HC Wainwright reissued a "buy" rating and issued a $4.00 price objective on shares of Bitcoin Depot in a research note on Tuesday, March 18th. B. Riley increased their price objective on shares of Bitcoin Depot from $4.70 to $5.50 and gave the company a "buy" rating in a research note on Friday, May 16th. Northland Securities raised 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 research note on Friday, May 16th. Finally, Wall Street Zen raised shares of Bitcoin Depot from a "hold" rating to a "strong-buy" rating in a research note on Thursday. Three analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Bitcoin Depot has a consensus rating of "Strong Buy" and an average target price of $4.83.

Bitcoin Depot Price Performance

NASDAQ:BTM traded down $0.17 on Monday, hitting $3.34. The company had a trading volume of 3,198,794 shares, compared to its average volume of 540,357. The stock has a market capitalization of $213.56 million, a price-to-earnings ratio of -3.59 and a beta of -0.27. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 9.33. The firm has a 50 day moving average of $1.63 and a two-hundred day moving average of $1.64. Bitcoin Depot has a 52 week low of $0.93 and a 52 week high of $3.75.

Insider Transactions at Bitcoin Depot

In other Bitcoin Depot news, COO Christopher Scott Buchanan sold 29,524 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $1.44, for a total value of $42,514.56. Following the completion of the sale, the chief operating officer now directly owns 189,752 shares in the company, valued at approximately $273,242.88. This trade represents a 13.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 70.23% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Bitcoin Depot

A number of large investors have recently bought and sold shares of the stock. Blue Owl Capital Holdings LP grew its holdings in Bitcoin Depot by 480.0% in the fourth quarter. Blue Owl Capital Holdings LP now owns 18,125 shares of the company's stock worth $29,000 after purchasing an additional 15,000 shares during the period. Verdence Capital Advisors LLC acquired a new stake in Bitcoin Depot in the first quarter worth $73,000. Renaissance Technologies LLC grew its holdings in Bitcoin Depot by 96.4% in the fourth quarter. Renaissance Technologies LLC now owns 146,100 shares of the company's stock worth $237,000 after purchasing an additional 71,700 shares during the period. Radcliffe Capital Management L.P. grew its holdings in Bitcoin Depot by 134.3% in the fourth quarter. Radcliffe Capital Management L.P. now owns 285,835 shares of the company's stock worth $463,000 after purchasing an additional 163,854 shares during the period. Finally, Two Sigma Advisers LP bought a new position in shares of Bitcoin Depot in the fourth quarter valued at $267,000. 9.18% of the stock is currently 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.