Bitcoin Depot (NASDAQ:BTM) PT Lowered to $4.00

Bitcoin Depot (NASDAQ:BTM) had its target price dropped by investment analysts at HC Wainwright from $5.00 to $4.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. HC Wainwright’s price objective suggests a potential upside of 109.42% from the company’s previous close. HC Wainwright also issued estimates for Bitcoin Depot’s Q1 2025 earnings at ($0.03) EPS, Q2 2025 earnings at $0.03 EPS, Q3 2025 earnings at $0.11 EPS and Q4 2025 earnings at $0.08 EPS.

Separately, Northland Securities assumed coverage on Bitcoin Depot in a research report on Wednesday, December 20th. They set a “market perform” rating and a $3.50 price target for the company.

Bitcoin Depot Stock Down 12.4 %

Shares of Bitcoin Depot stock opened at $1.91 on Tuesday. Bitcoin Depot has a 52 week low of $1.88 and a 52 week high of $11.15. The business has a 50 day moving average price of $2.35 and a 200-day moving average price of $2.47. The company has a debt-to-equity ratio of 3.16, a current ratio of 0.72 and a quick ratio of 0.72.

Insider Buying and Selling at Bitcoin Depot

In other news, COO Christopher Scott Buchanan sold 14,512 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $2.48, for a total value of $35,989.76. Following the completion of the transaction, the chief operating officer now directly owns 338,741 shares of the company’s stock, valued at $840,077.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 20.09% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Bitcoin Depot

Several large investors have recently added to or reduced their stakes in BTM. Wellington Management Group LLP purchased a new stake in Bitcoin Depot during the fourth quarter valued at about $35,000. Cowen AND Company LLC purchased a new position in Bitcoin Depot during the 3rd quarter valued at about $35,000. Vanguard Group Inc. purchased a new position in Bitcoin Depot during the 3rd quarter valued at about $45,000. Northern Trust Corp purchased a new position in Bitcoin Depot during the 4th quarter valued at about $61,000. Finally, Owl Creek Asset Management L.P. purchased a new position in Bitcoin Depot during the 4th quarter valued at about $68,000. 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. 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.