HC Wainwright Forecasts Weaker Earnings for Bitcoin Depot

Key Points

• HC Wainwright has lowered its Q3 2025 earnings estimate for Bitcoin Depot to (0.07) EPS, down from a previous forecast of (0.05) EPS, while still maintaining a "Buy" rating with a target price of $6.50.
• Bitcoin Depot recently reported earnings of $0.16 per share, missing consensus estimates of $0.17, despite revenues reaching $172.11 million for the quarter.
• Institutional investors have significantly increased their stakes in Bitcoin Depot, with Bank of America Corp DE raising its holdings by an astounding 11,320.0% in the second quarter.

Bitcoin Depot Inc. (NASDAQ:BTM - Free Report) - HC Wainwright cut their Q3 2025 earnings per share (EPS) estimates for Bitcoin Depot in a report issued on Wednesday, August 13th. HC Wainwright analyst M. Colonnese now expects that the company will post earnings of ($0.07) per share for the quarter, down from their previous estimate of $0.05. HC Wainwright currently has a "Buy" rating and a $6.50 price target on the stock. HC Wainwright also issued estimates for Bitcoin Depot's Q4 2025 earnings at ($0.07) EPS, FY2025 earnings at $0.22 EPS, Q3 2026 earnings at ($0.02) EPS, Q4 2026 earnings at $0.00 EPS and FY2026 earnings at $0.31 EPS.

BTM has been the topic of several other research reports. Northland Capmk upgraded Bitcoin Depot from a "hold" rating to a "strong-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 report on Thursday, May 22nd. Zacks Research lowered Bitcoin Depot from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. 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, May 16th. Finally, Noble Financial reissued an "outperform" rating on shares of Bitcoin Depot in a research note on Friday, June 13th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $5.67.

Bitcoin Depot Stock Down 0.8%

NASDAQ BTM traded down $0.03 on Friday, hitting $3.80. 373,843 shares of the stock traded hands, compared to its average volume of 999,157. The stock has a 50-day moving average of $5.31 and a 200 day moving average of $3.06. Bitcoin Depot has a twelve month low of $0.93 and a twelve month high of $6.88. The company has a market capitalization of $244.38 million, a P/E ratio of 37.98 and a beta of 0.86. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 12.34.

Bitcoin Depot (NASDAQ:BTM - Get Free Report) last released its quarterly earnings results on Tuesday, August 12th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.01). Bitcoin Depot had a negative return on equity of 44.12% and a net margin of 0.44%.The business had revenue of $172.11 million during the quarter, compared to analyst estimates of $168.00 million.

Insider Activity at Bitcoin Depot

In other news, COO Christopher Scott Buchanan sold 22,000 shares of Bitcoin Depot stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $4.21, for a total value of $92,620.00. Following the transaction, the chief operating officer directly owned 147,276 shares in the company, valued at approximately $620,031.96. The trade was a 13.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 70.23% of the company's stock.

Institutional Investors Weigh In On Bitcoin Depot

A number of institutional investors have recently added to or reduced their stakes in the company. Welch Capital Partners LLC NY boosted its holdings in Bitcoin Depot by 33.0% during the second quarter. Welch Capital Partners LLC NY now owns 1,285,190 shares of the company's stock valued at $6,516,000 after purchasing an additional 318,940 shares in the last quarter. Marshall Wace LLP acquired a new stake in Bitcoin Depot during the second quarter valued at approximately $4,097,000. Radcliffe Capital Management L.P. boosted its holdings in Bitcoin Depot by 134.3% during the fourth 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 in the last quarter. Two Sigma Investments LP acquired a new stake in Bitcoin Depot during the fourth quarter valued at approximately $427,000. Finally, Lazard Asset Management LLC acquired a new stake in Bitcoin Depot during the second quarter valued at approximately $1,149,000. 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.