Renaissance Technologies LLC Has $237,000 Stock Holdings in Bitcoin Depot Inc. (NASDAQ:BTM)

Renaissance Technologies LLC grew its stake in shares of Bitcoin Depot Inc. (NASDAQ:BTM) by 96.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 146,100 shares of the company’s stock after purchasing an additional 71,700 shares during the quarter. Renaissance Technologies LLC owned about 0.24% of Bitcoin Depot worth $237,000 at the end of the most recent quarter.

Bitcoin Depot Stock Performance

Shares of NASDAQ BTM opened at $1.49 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 9.33. The company has a market capitalization of $95.27 million, a P/E ratio of -1.60 and a beta of -0.27. Bitcoin Depot Inc. has a 12 month low of $0.93 and a 12 month high of $3.52. The stock has a 50 day moving average of $1.35 and a 200-day moving average of $1.57.

Bitcoin Depot (NASDAQ:BTM) last released its quarterly earnings data on Monday, March 24th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.25). The company had revenue of $136.83 million for the quarter, compared to the consensus estimate of $131.50 million. Bitcoin Depot had a negative return on equity of 488.33% and a negative net margin of 2.28%.

Insider Activity at Bitcoin Depot

In other Bitcoin Depot news, COO Christopher Scott Buchanan sold 29,524 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $1.44, for a total value of $42,514.56. Following the transaction, the chief operating officer now directly owns 189,752 shares of the company’s stock, valued at $273,242.88. This represents a 13.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 70.23% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently weighed in on BTM. HC Wainwright reissued a “buy” rating and issued a $4.00 target price on shares of Bitcoin Depot in a research note on Tuesday, March 18th. B. Riley reissued a “buy” rating and issued a $4.70 price objective (up previously from $4.50) on shares of Bitcoin Depot in a research report on Wednesday, March 19th.

Bitcoin Depot Profile

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.