Brokerages Set Bitcoin Depot Inc. (NASDAQ:BTM) Target Price at $5.83

Shares of Bitcoin Depot Inc. (NASDAQ:BTM) have been given a consensus recommendation of “Moderate Buy” by the seven research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $5.8333.

BTM has been the topic of a number of recent analyst reports. HC Wainwright lifted their price target on Bitcoin Depot from $5.00 to $6.50 and gave the company a “buy” rating in a report on Wednesday, August 13th. Weiss Ratings restated a “sell (d+)” rating on shares of Bitcoin Depot in a research report on Wednesday, October 8th. Zacks Research cut Bitcoin Depot from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. B. Riley cut shares of Bitcoin Depot from a “buy” rating to a “neutral” rating in a research note on Friday. Finally, Wall Street Zen cut shares of Bitcoin Depot from a “strong-buy” rating to a “buy” rating in a research note on Saturday.

Bitcoin Depot Stock Performance

BTM stock opened at $2.04 on Thursday. Bitcoin Depot has a 1 year low of $0.93 and a 1 year high of $6.88. The stock has a market capitalization of $138.88 million, a price-to-earnings ratio of 8.87 and a beta of 0.79. The company has a debt-to-equity ratio of 12.34, a quick ratio of 1.41 and a current ratio of 1.41. The stock’s fifty day moving average is $3.18 and its two-hundred day moving average is $3.93.

Bitcoin Depot (NASDAQ:BTM) last released its quarterly earnings data on Thursday, November 13th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. The business had revenue of $162.48 million for the quarter, compared to analysts’ expectations of $153.11 million. Bitcoin Depot had a net margin of 1.44% and a negative return on equity of 167.68%. Bitcoin Depot has set its Q4 2025 guidance at EPS.

Insider Buying and Selling

In other news, COO Christopher Scott Buchanan sold 7,000 shares of the firm’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $3.82, for a total transaction of $26,740.00. Following the completion of the transaction, the chief operating officer owned 133,276 shares in the company, valued at approximately $509,114.32. This trade represents a 4.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have sold 21,000 shares of company stock valued at $70,280 in the last quarter. 70.23% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Bitcoin Depot

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Verdence Capital Advisors LLC acquired a new position in shares of Bitcoin Depot during the 1st quarter worth about $73,000. Welch Capital Partners LLC NY raised its holdings 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 worth $1,459,000 after acquiring an additional 444,177 shares in the last quarter. Baader Bank Aktiengesellschaft acquired a new position in Bitcoin Depot during the second quarter valued at approximately $259,000. Truist Financial Corp acquired a new position in Bitcoin Depot during the second quarter valued at approximately $71,000. Finally, Geode Capital Management LLC grew its stake in Bitcoin Depot by 35.9% in the second quarter. Geode Capital Management LLC now owns 171,606 shares of the company’s stock valued at $870,000 after purchasing an additional 45,300 shares in the last quarter. 9.18% of the stock is currently owned by institutional investors and hedge funds.

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.