Wall Street Zen Downgrades Bitcoin Depot (NASDAQ:BTM) to Strong Sell

Bitcoin Depot (NASDAQ:BTM) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong sell” rating in a report issued on Saturday.

Several other research firms also recently issued reports on BTM. Noble Financial reaffirmed an “outperform” rating on shares of Bitcoin Depot in a report on Tuesday. B. Riley Financial boosted their target price on shares of Bitcoin Depot to $4.20 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Bitcoin Depot in a report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $28.23.

Bitcoin Depot Stock Down 3.1%

BTM opened at $3.14 on Friday. The firm has a market cap of $32.69 million, a P/E ratio of 1.65 and a beta of 0.96. The company has a debt-to-equity ratio of 4.72, a quick ratio of 1.88 and a current ratio of 1.26. The business has a 50 day moving average price of $6.29 and a 200 day moving average price of $13.34. Bitcoin Depot has a twelve month low of $3.07 and a twelve month high of $48.16.

Bitcoin Depot (NASDAQ:BTM) last announced its quarterly earnings results on Monday, March 16th. The company reported ($1.18) EPS for the quarter, missing the consensus estimate of ($0.47) by ($0.71). Bitcoin Depot had a negative net margin of 0.94% and a negative return on equity of 70.95%. The company had revenue of $116.04 million for the quarter, compared to analyst estimates of $113.93 million.

Institutional Investors Weigh In On Bitcoin Depot

Hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC increased its position in Bitcoin Depot by 12.4% during the fourth quarter. Renaissance Technologies LLC now owns 1,534,631 shares of the company’s stock worth $1,980,000 after acquiring an additional 168,900 shares during the period. Owl Creek Asset Management L.P. bought a new stake in Bitcoin Depot in the 4th quarter valued at $1,935,000. Welch Capital Partners LLC NY grew its position in Bitcoin Depot by 14.3% in the 3rd quarter. Welch Capital Partners LLC NY now owns 1,469,313 shares of the company’s stock worth $4,937,000 after purchasing an additional 184,123 shares during the last quarter. Sabby Management LLC acquired a new stake in Bitcoin Depot in the 4th quarter worth $1,292,000. Finally, Vanguard Group Inc. increased its holdings in shares of Bitcoin Depot by 54.9% during the 3rd quarter. Vanguard Group Inc. now owns 951,318 shares of the company’s stock worth $3,196,000 after purchasing an additional 337,070 shares during the period. Institutional investors and hedge funds own 9.18% of the company’s stock.

More Bitcoin Depot News

Here are the key news stories impacting Bitcoin Depot this week:

• Positive Sentiment: Broker support remains: Noble Financial keeps an “Outperform” rating and published updated multi‑quarter EPS estimates (showing where the firm expects the recovery). Noble Financial Estimates Bitcoin Depot FY2027 Earnings
• Positive Sentiment: B. Riley’s analyst note flagged upside and said the stock price is expected to rise — a near‑term bullish catalyst if investors focus on the analyst upgrade/optimism. Bitcoin Depot (NASDAQ:BTM) Stock Price Expected to Rise, B. Riley Financial Analyst Says
• Neutral Sentiment: Q4 earnings call highlights were published and contain management commentary investors will parse for guidance and cost actions; read for context but the headlines so far are mixed. Bitcoin Depot Q4 Earnings Call Highlights
• Neutral Sentiment: Reported short‑interest data looks internally inconsistent (reports cite a “significant increase” but show zero shares and NaN changes). That suggests the short‑interest figures are unreliable now and not a clear market driver.
• Negative Sentiment: Regulatory/filing risk: Bitcoin Depot delayed its annual Form 10‑K filing — a material event that typically raises investor concern about accounting, audit or disclosure issues and can pressure the stock. Bitcoin Depot Delays Annual 10-K Filing
• Negative Sentiment: Analyst downgrades to profit expectations: Noble Financial lowered FY‑2026 EPS substantially (from prior forecast to a deeper negative number), signaling weaker near‑term profitability than earlier expected — this reduces near‑term earnings visibility.

Bitcoin Depot Company Profile

Bitcoin Depot, Inc operates one of the largest networks of self-service cryptocurrency kiosks in North America, enabling customers to buy and sell Bitcoin and other digital assets using cash or debit cards. Through a partnership model with convenience stores, gas stations and retail outlets, the company provides an accessible on-ramp and off-ramp for individuals entering the cryptocurrency market without requiring a bank account or extensive technical knowledge. Transactions are completed in real time at the point of sale, with verification and receipt provided via email or mobile phone.

Founded in 2016 and headquartered in Atlanta, Georgia, Bitcoin Depot began as a privately held startup focused on expanding retail access to digital currencies.