HC Wainwright Raises Bitcoin Depot (NASDAQ:BTM) Price Target to $6.50

Bitcoin Depot (NASDAQ:BTM) had its price objective raised by equities research analysts at HC Wainwright from $5.00 to $6.50 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. HC Wainwright’s price objective indicates a potential upside of 58.15% from the stock’s previous close. HC Wainwright also issued estimates for Bitcoin Depot’s Q1 2026 earnings at $0.16 EPS and Q2 2026 earnings at $0.18 EPS.

Other analysts have also recently issued research reports about the stock. Northland Capmk raised shares of Bitcoin Depot from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 16th. Wall Street Zen raised shares of Bitcoin Depot from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 22nd. Northland Securities upgraded Bitcoin Depot from a “market perform” rating to an “outperform” rating and set a $5.00 price target for the company in a report on Friday, May 16th. B. Riley lifted their price objective on Bitcoin Depot from $4.70 to $5.50 and gave the stock a “buy” rating in a research report on Friday, May 16th. Finally, Noble Financial restated an “outperform” rating on shares of Bitcoin Depot in a research report on Friday, June 13th. Four investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $5.67.

Bitcoin Depot Stock Performance

Shares of Bitcoin Depot stock opened at $4.11 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.41 and a debt-to-equity ratio of 12.34. Bitcoin Depot has a twelve month low of $0.93 and a twelve month high of $6.88. The stock has a market cap of $264.31 million, a price-to-earnings ratio of 41.10 and a beta of 0.86. The company’s fifty day moving average is $5.40 and its 200 day moving average is $3.01.

Bitcoin Depot (NASDAQ:BTM) last issued its quarterly earnings data on Tuesday, August 12th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.01). Bitcoin Depot had a negative return on equity of 44.12% and a net margin of 0.44%. The business had revenue of $172.11 million during the quarter, compared to the consensus estimate of $168.00 million.

Hedge Funds Weigh In On Bitcoin Depot

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Welch Capital Partners LLC NY boosted its position in shares of Bitcoin Depot by 33.0% during the 2nd quarter. Welch Capital Partners LLC NY now owns 1,285,190 shares of the company’s stock worth $6,516,000 after purchasing an additional 318,940 shares in the last quarter. Qube Research & Technologies Ltd bought a new position in shares of Bitcoin Depot during the 2nd quarter worth about $74,000. Archon Capital Management LLC bought a new position in shares of Bitcoin Depot during the 2nd quarter worth about $415,000. Marshall Wace LLP bought a new position in shares of Bitcoin Depot during the 2nd quarter worth about $4,097,000. Finally, Walleye Capital LLC bought a new position in shares of Bitcoin Depot during the 2nd quarter worth about $491,000. Institutional investors own 9.18% of the company’s stock.

Bitcoin Depot Company 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.