Bitcoin Depot (NASDAQ:BTM – Free Report) had its target price reduced by B. Riley from $6.00 to $4.00 in a report published on Tuesday, Benzinga reports. They currently have a buy rating on the stock. B. Riley also issued estimates for Bitcoin Depot’s Q1 2024 earnings at ($0.04) EPS, Q2 2024 earnings at $0.04 EPS, Q3 2024 earnings at $0.04 EPS, Q4 2024 earnings at $0.04 EPS and FY2024 earnings at $0.08 EPS.
A number of other research analysts have also issued reports on the stock. HC Wainwright reduced their target price on shares of Bitcoin Depot from $5.00 to $4.00 and set a buy rating for the company in a research note on Tuesday. Northland Securities began coverage on shares of Bitcoin Depot in a research report on Wednesday, December 20th. They set a market perform rating and a $3.50 price target on the stock.
Read Our Latest Research Report on BTM
Bitcoin Depot Stock Down 0.8 %
Insiders Place Their Bets
In other Bitcoin Depot news, COO Christopher Scott Buchanan sold 14,512 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $2.48, for a total transaction of $35,989.76. Following the sale, the chief operating officer now directly owns 338,741 shares in the company, valued at approximately $840,077.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 20.09% of the stock is owned by insiders.
Institutional Trading of Bitcoin Depot
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Cowen AND Company LLC purchased a new position in shares of Bitcoin Depot in the third quarter worth approximately $35,000. Wellington Management Group LLP purchased a new position in shares of Bitcoin Depot in the fourth quarter worth approximately $35,000. Vanguard Group Inc. purchased a new position in shares of Bitcoin Depot in the third quarter worth approximately $45,000. Northern Trust Corp purchased a new position in shares of Bitcoin Depot in the fourth quarter worth approximately $61,000. Finally, Owl Creek Asset Management L.P. purchased a new position in shares of Bitcoin Depot in the fourth quarter worth approximately $68,000. 9.18% of the stock is currently owned by institutional investors.
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.
Featured Articles
- Five stocks we like better than Bitcoin Depot
- The How and Why of Investing in Gold Stocks
- 3 Value Stocks Too Small For Buffett’s Portfolio
- 3 Warren Buffett Stocks to Buy Now
- Foot Locker Builds Up Another Head of Steam; Gains Imminent
- How to Invest in the Best Canadian StocksÂ
- Disney Stock Catches 3 Upgrades In a Single Week
Receive News & Ratings for Bitcoin Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bitcoin Depot and related companies with MarketBeat.com's FREE daily email newsletter.