Bitcoin Depot Inc. (NASDAQ:BTM - Free Report) - Investment analysts at Noble Financial lifted their Q2 2025 earnings per share estimates for Bitcoin Depot in a research note issued to investors on Friday, May 16th. Noble Financial analyst P. Mccann now anticipates that the company will earn $0.13 per share for the quarter, up from their previous forecast of $0.10.
Other analysts also recently issued research reports about the company. HC Wainwright reiterated a "buy" rating and issued a $4.00 price objective on shares of Bitcoin Depot in a research report on Tuesday, March 18th. Northland Capmk upgraded Bitcoin Depot from a "hold" rating to a "strong-buy" rating in a research report on Friday. B. Riley boosted their price objective on Bitcoin Depot from $4.70 to $5.50 and gave the company a "buy" rating in a research report on Friday. Finally, Northland Securities upgraded Bitcoin Depot from a "market perform" rating to an "outperform" rating and set a $5.00 price objective for the company in a research report on Friday. Three research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $4.83.
Check Out Our Latest Research Report on BTM
Bitcoin Depot Stock Performance
Shares of BTM stock opened at $2.68 on Monday. The company has a debt-to-equity ratio of 9.33, a quick ratio of 0.91 and a current ratio of 0.91. Bitcoin Depot has a fifty-two week low of $0.93 and a fifty-two week high of $3.52. The stock has a 50 day moving average price of $1.45 and a two-hundred day moving average price of $1.58. The company has a market capitalization of $171.36 million, a P/E ratio of -2.88 and a beta of -0.27.
Bitcoin Depot (NASDAQ:BTM - Get Free Report) last issued its earnings results on Thursday, May 15th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.11. Bitcoin Depot had a negative return on equity of 488.33% and a negative net margin of 2.28%.
Insider Activity at Bitcoin Depot
In related news, COO Christopher Scott Buchanan sold 20,476 shares of the company's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $1.33, for a total transaction of $27,233.08. Following the completion of the transaction, the chief operating officer now owns 169,276 shares in the company, valued at $225,137.08. This represents a 10.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 70.23% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Bitcoin Depot
A number of institutional investors have recently added to or reduced their stakes in BTM. Welch Capital Partners LLC NY raised its holdings 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 worth $1,459,000 after purchasing an additional 444,177 shares in the last quarter. Two Sigma Investments LP bought a new position in Bitcoin Depot in the fourth quarter worth $427,000. Two Sigma Advisers LP bought a new position in Bitcoin Depot in the fourth quarter worth $267,000. Radcliffe Capital Management L.P. raised 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 in the last quarter. Finally, Renaissance Technologies LLC raised 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 in the last quarter. Institutional investors own 9.18% of the company's stock.
Bitcoin Depot Company Profile
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Get Free Report)
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.
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