Bitcoin Depot (NASDAQ:BTM) COO Christopher Scott Buchanan Sells 7,000 Shares of Stock

Bitcoin Depot Inc. (NASDAQ:BTM) COO Christopher Scott Buchanan sold 7,000 shares of the stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $3.82, for a total transaction of $26,740.00. Following the sale, the chief operating officer directly owned 133,276 shares of the company’s stock, valued at $509,114.32. The trade was a 4.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Christopher Scott Buchanan also recently made the following trade(s):

• On Friday, September 5th, Christopher Scott Buchanan sold 7,000 shares of Bitcoin Depot stock. The shares were sold at an average price of $3.52, for a total transaction of $24,640.00.
• On Thursday, August 14th, Christopher Scott Buchanan sold 22,000 shares of Bitcoin Depot stock. The shares were sold at an average price of $4.21, for a total transaction of $92,620.00.

Bitcoin Depot Trading Up 0.5%

Shares of Bitcoin Depot stock opened at $3.85 on Friday. 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 Inc. has a 12-month low of $0.93 and a 12-month high of $6.88. The firm has a market capitalization of $262.12 million, a price-to-earnings ratio of 38.50 and a beta of 0.81. The firm’s 50 day simple moving average is $4.03 and its two-hundred day simple moving average is $3.60.

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on BTM shares. B. Riley upped their price target on shares of Bitcoin Depot from $5.50 to $6.00 and gave the company a “buy” rating in a research note on Thursday. Noble Financial reiterated an “outperform” rating on shares of Bitcoin Depot in a research note on Friday, June 13th. HC Wainwright increased their price objective on shares of Bitcoin Depot from $5.00 to $6.50 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Zacks Research lowered shares of Bitcoin Depot from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Bitcoin Depot in a research note on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Bitcoin Depot currently has a consensus rating of “Moderate Buy” and an average price target of $5.83.

Institutional Trading of Bitcoin Depot

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Marshall Wace LLP acquired a new stake in Bitcoin Depot during the second quarter valued at $4,097,000. Welch Capital Partners LLC NY grew its position in Bitcoin Depot by 85.1% during the first quarter. Welch Capital Partners LLC NY now owns 966,250 shares of the company’s stock valued at $1,459,000 after buying an additional 444,177 shares during the period. Two Sigma Investments LP acquired a new stake in Bitcoin Depot during the fourth quarter valued at $427,000. Lazard Asset Management LLC acquired a new stake in Bitcoin Depot during the second quarter valued at $1,149,000. Finally, Two Sigma Advisers LP acquired a new stake in Bitcoin Depot during the fourth quarter valued at $267,000. Institutional investors and hedge funds own 9.18% of the company’s stock.

About Bitcoin Depot

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.