Bitcoin Depot Inc. (NASDAQ:BTM - Free Report) - Equities researchers at HC Wainwright lifted their Q1 2025 earnings estimates for Bitcoin Depot in a note issued to investors on Tuesday, March 18th. HC Wainwright analyst M. Colonnese now anticipates that the company will earn $0.02 per share for the quarter, up from their previous estimate of ($0.07). HC Wainwright currently has a "Buy" rating and a $4.00 target price on the stock. HC Wainwright also issued estimates for Bitcoin Depot's Q4 2025 earnings at ($0.03) EPS and FY2025 earnings at $0.03 EPS.
Separately, B. Riley reaffirmed a "buy" rating and set a $4.70 target price (up previously from $4.50) on shares of Bitcoin Depot in a research note on Wednesday, March 19th.
Read Our Latest Report on BTM
Bitcoin Depot Trading Up 7.4 %
Bitcoin Depot stock traded up $0.11 during midday trading on Friday, reaching $1.59. The stock had a trading volume of 383,779 shares, compared to its average volume of 432,287. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 9.33. The firm has a market cap of $96.02 million, a price-to-earnings ratio of -1.71 and a beta of 0.10. Bitcoin Depot has a 52-week low of $0.93 and a 52-week high of $3.52. The company has a fifty day moving average of $1.43 and a 200 day moving average of $1.60.
Institutional Trading of Bitcoin Depot
Large investors have recently made changes to their positions in the stock. Walleye Capital LLC increased its holdings in Bitcoin Depot by 110.1% during the 3rd quarter. Walleye Capital LLC now owns 23,542 shares of the company's stock worth $37,000 after purchasing an additional 12,337 shares during the period. Blue Owl Capital Holdings LP grew its position in shares of Bitcoin Depot by 480.0% during the 4th quarter. Blue Owl Capital Holdings LP now owns 18,125 shares of the company's stock worth $29,000 after buying an additional 15,000 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Bitcoin Depot by 96.4% during the fourth quarter. Renaissance Technologies LLC now owns 146,100 shares of the company's stock valued at $237,000 after buying an additional 71,700 shares during the period. Radcliffe Capital Management L.P. raised its holdings in shares of Bitcoin Depot by 134.3% in the fourth quarter. Radcliffe Capital Management L.P. now owns 285,835 shares of the company's stock valued at $463,000 after acquiring an additional 163,854 shares in the last quarter. Finally, Two Sigma Advisers LP purchased a new stake in Bitcoin Depot in the fourth quarter worth about $267,000. 9.18% of the stock is owned by hedge funds and other institutional investors.
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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