Bitcoin Depot Inc. Expected to Earn Q4 2024 Earnings of $0.22 Per Share (NASDAQ:BTM)

Bitcoin Depot Inc. (NASDAQ:BTM) – Investment analysts at Northland Capmk upped their Q4 2024 earnings per share estimates for Bitcoin Depot in a note issued to investors on Friday, April 26th. Northland Capmk analyst M. Grondahl now anticipates that the company will post earnings per share of $0.22 for the quarter, up from their prior forecast of $0.18. The consensus estimate for Bitcoin Depot’s current full-year earnings is $0.23 per share.

Bitcoin Depot (NASDAQ:BTM) last issued its earnings results on Monday, April 15th. The company reported ($0.50) earnings per share (EPS) for the quarter. The company had revenue of $148.41 million for the quarter.

BTM has been the subject of several other reports. HC Wainwright decreased their price objective on shares of Bitcoin Depot from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Tuesday, March 26th. B. Riley dropped their price objective on Bitcoin Depot from $6.00 to $4.00 and set a “buy” rating on the stock in a research note on Tuesday, March 26th.

Bitcoin Depot Price Performance

Shares of NASDAQ BTM opened at $1.80 on Monday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 2.13. Bitcoin Depot has a fifty-two week low of $1.36 and a fifty-two week high of $10.86. The business has a fifty day moving average price of $2.14 and a two-hundred day moving average price of $2.34.

Institutional Trading of Bitcoin Depot

A number of hedge funds have recently made changes to their positions in BTM. Cowen AND Company LLC purchased a new position in Bitcoin Depot in the third quarter valued at about $35,000. Owl Creek Asset Management L.P. bought a new stake in shares of Bitcoin Depot in the 4th quarter worth approximately $68,000. Saba Capital Management L.P. bought a new position in Bitcoin Depot during the third quarter worth about $305,000. Kepos Capital LP bought a new stake in Bitcoin Depot in the third quarter valued at $368,000. Finally, Cohanzick Management LLC boosted its stake in shares of Bitcoin Depot by 54.4% in the 4th quarter. Cohanzick Management LLC now owns 602,000 shares of the company’s stock valued at $1,944,000 after purchasing an additional 212,000 shares in the last quarter. Hedge funds and other institutional investors own 9.18% of the company’s stock.

Insiders Place Their Bets

In other news, insider Brandon Taylor Mintz sold 2,906,976 shares of the business’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $1.72, for a total value of $4,999,998.72. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, COO Christopher Scott Buchanan sold 14,512 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $2.48, for a total value of $35,989.76. Following the completion of the sale, the chief operating officer now directly owns 338,741 shares in the company, valued at $840,077.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brandon Taylor Mintz sold 2,906,976 shares of the firm’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $1.72, for a total value of $4,999,998.72. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,034,353 shares of company stock valued at $5,247,590. 20.09% of the stock is owned by insiders.

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.