B. Riley reissued their buy rating on shares of Bitcoin Depot (NASDAQ:BTM - Free Report) in a research report report published on Wednesday,Benzinga reports. B. Riley currently has a $4.70 price target on the stock, up from their previous price target of $4.50. B. Riley also issued estimates for Bitcoin Depot's Q1 2025 earnings at $0.07 EPS, Q2 2025 earnings at $0.12 EPS, Q3 2025 earnings at $0.12 EPS, Q4 2025 earnings at $0.08 EPS and FY2025 earnings at $0.40 EPS.
Separately, HC Wainwright reiterated a "buy" rating and set a $4.00 price target on shares of Bitcoin Depot in a research report on Tuesday, March 18th.
Read Our Latest Analysis on Bitcoin Depot
Bitcoin Depot Price Performance
Shares of BTM traded down $0.02 during trading hours on Wednesday, reaching $1.36. The company had a trading volume of 432,450 shares, compared to its average volume of 433,179. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 9.33. Bitcoin Depot has a 12-month low of $0.93 and a 12-month high of $3.52. The firm has a 50 day simple moving average of $1.43 and a 200-day simple moving average of $1.60. The company has a market capitalization of $82.13 million, a price-to-earnings ratio of -1.46 and a beta of 0.10.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Blue Owl Capital Holdings LP grew its stake in Bitcoin Depot by 480.0% in the 4th quarter. Blue Owl Capital Holdings LP now owns 18,125 shares of the company's stock valued at $29,000 after acquiring an additional 15,000 shares during the last quarter. Walleye Capital LLC lifted its holdings in shares of Bitcoin Depot by 110.1% in the third quarter. Walleye Capital LLC now owns 23,542 shares of the company's stock valued at $37,000 after purchasing an additional 12,337 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Bitcoin Depot by 96.4% in the fourth quarter. Renaissance Technologies LLC now owns 146,100 shares of the company's stock valued at $237,000 after purchasing an additional 71,700 shares during the last quarter. Two Sigma Advisers LP purchased a new position in shares of Bitcoin Depot during the 4th quarter worth approximately $267,000. Finally, 272 Capital LP acquired a new position in shares of Bitcoin Depot during the 3rd quarter worth approximately $401,000. Hedge funds and other institutional investors own 9.18% of the company's stock.
About Bitcoin Depot
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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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