Brokers Offer Predictions for Bitcoin Depot Inc.’s Q4 2024 Earnings (NASDAQ:BTM)

Bitcoin Depot Inc. (NASDAQ:BTM) – Research analysts at Noble Financial cut their Q4 2024 earnings per share estimates for shares of Bitcoin Depot in a research note issued on Monday, April 22nd. Noble Financial analyst M. Kupinski now expects that the company will post earnings per share of $0.14 for the quarter, down from their prior estimate of $0.15. The consensus estimate for Bitcoin Depot’s current full-year earnings is $0.23 per share. Noble Financial also issued estimates for Bitcoin Depot’s FY2025 earnings at $0.45 EPS.

A number of other research firms have also weighed in on BTM. B. Riley cut their target price on shares of Bitcoin Depot from $6.00 to $4.00 and set a “buy” rating for the company in a research report on Tuesday, March 26th. HC Wainwright cut their price objective on Bitcoin Depot from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Tuesday, March 26th.

Bitcoin Depot Price Performance

NASDAQ BTM opened at $1.80 on Thursday. Bitcoin Depot has a 1 year low of $1.36 and a 1 year high of $10.93. The company has a fifty day simple moving average of $2.16 and a 200 day simple moving average of $2.35. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 2.13.

Hedge Funds Weigh In On Bitcoin Depot

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Cowen AND Company LLC bought a new position in shares of Bitcoin Depot during the 3rd quarter worth approximately $35,000. Owl Creek Asset Management L.P. bought a new stake in shares of Bitcoin Depot in the 4th quarter worth about $68,000. Saba Capital Management L.P. acquired a new stake in shares of Bitcoin Depot during the 3rd quarter worth about $305,000. Kepos Capital LP bought a new position in Bitcoin Depot during the 3rd quarter valued at about $368,000. Finally, Exchange Traded Concepts LLC acquired a new position in Bitcoin Depot in the third quarter valued at about $703,000. 9.18% of the stock is owned by institutional investors.

Insider Buying and Selling at Bitcoin Depot

In other news, insider Brandon Taylor Mintz sold 62,865 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $1.99, for a total transaction of $125,101.35. Following the transaction, the insider now owns 759,567 shares in the company, valued at approximately $1,511,538.33. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Bitcoin Depot news, COO Christopher Scott Buchanan sold 14,512 shares of Bitcoin Depot stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $2.48, for a total transaction of $35,989.76. Following the sale, the chief operating officer now owns 338,741 shares in the company, valued at $840,077.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brandon Taylor Mintz sold 62,865 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $1.99, for a total transaction of $125,101.35. Following the completion of the sale, the insider now directly owns 759,567 shares in the company, valued at approximately $1,511,538.33. The disclosure for this sale can be found here. Insiders sold a total of 127,377 shares of company stock valued at $247,591 in the last ninety days. Company insiders own 20.09% of the company’s stock.

About Bitcoin Depot

Bitcoin Depot Inc owns and operates a network of cryptocurrency kiosks in North America. It provides users to buy and sell bitcoin, litecoin, and ethereum cryptocurrencies; and engages in the sale of cryptocurrency to consumers at a network of retail locations through its BDCheckout product offering and through its website over the counter trade.