HC Wainwright Predicts Increased Earnings for Bitcoin Depot

Bitcoin Depot Inc. (NASDAQ:BTM - Free Report) - Research analysts at HC Wainwright upped their Q2 2025 earnings per share estimates for Bitcoin Depot in a research report issued to clients and investors on Tuesday, May 20th. HC Wainwright analyst M. Colonnese now anticipates that the company will post earnings per share of $0.26 for the quarter, up from their previous forecast of $0.05. HC Wainwright currently has a "Buy" rating and a $4.00 target price on the stock. HC Wainwright also issued estimates for Bitcoin Depot's Q3 2025 earnings at $0.05 EPS, Q4 2025 earnings at ($0.01) EPS and FY2025 earnings at $0.49 EPS.

Bitcoin Depot (NASDAQ:BTM - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.09 by $0.11. The firm had revenue of $164.23 million for the quarter, compared to the consensus estimate of $151.67 million. Bitcoin Depot had a negative return on equity of 488.33% and a negative net margin of 2.28%.

Other analysts also recently issued research reports about the company. B. Riley lifted their target price on Bitcoin Depot from $4.70 to $5.50 and gave the company a "buy" rating in a research note on Friday, May 16th. 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 raised Bitcoin Depot from a "market perform" rating to an "outperform" rating and set a $5.00 price objective on the stock in a research note on Friday, May 16th. Finally, Northland Capmk raised Bitcoin Depot from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 16th. Three equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Bitcoin Depot has a consensus rating of "Strong Buy" and a consensus price target of $4.83.

Bitcoin Depot Price Performance

BTM traded up $0.28 on Thursday, hitting $3.62. 2,087,478 shares of the company's stock traded hands, compared to its average volume of 546,750. The company's 50 day simple moving average is $1.67 and its 200-day simple moving average is $1.65. The firm has a market cap of $231.27 million, a price-to-earnings ratio of -3.87 and a beta of -0.27. Bitcoin Depot has a one year low of $0.93 and a one year high of $3.75. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 9.33.

Hedge Funds Weigh In On Bitcoin Depot

A number of large investors have recently bought and sold shares of BTM. Welch Capital Partners LLC NY boosted its holdings in Bitcoin Depot by 85.1% during the 1st 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 purchased a new stake in shares of Bitcoin Depot in the 4th quarter worth $427,000. Two Sigma Advisers LP purchased a new stake in shares of Bitcoin Depot in the 4th quarter worth $267,000. Radcliffe Capital Management L.P. lifted its holdings in shares of Bitcoin Depot by 134.3% in the 4th quarter. Radcliffe Capital Management L.P. now owns 285,835 shares of the company's stock worth $463,000 after buying an additional 163,854 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of Bitcoin Depot by 96.4% in the 4th quarter. Renaissance Technologies LLC now owns 146,100 shares of the company's stock worth $237,000 after buying an additional 71,700 shares during the period. Hedge funds and other institutional investors own 9.18% of the company's stock.

Insiders Place Their Bets

In other news, COO Christopher Scott Buchanan sold 29,524 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was 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 approximately $273,242.88. The trade was a 13.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 70.23% of the company's stock.

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.