Northland Capmk Weighs in on Bitcoin Depot Inc.’s Q4 2024 Earnings (NASDAQ:BTM)

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

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

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

Bitcoin Depot Trading Up 0.6 %

Shares of Bitcoin Depot stock opened at $1.81 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 52 week low of $1.36 and a 52 week high of $10.86. The business’s fifty day simple moving average is $2.14 and its 200-day simple moving average is $2.34.

Insider Buying and Selling

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

Hedge Funds Weigh In On Bitcoin Depot

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Cowen AND Company LLC acquired a new stake in Bitcoin Depot in the third quarter valued at approximately $35,000. Owl Creek Asset Management L.P. acquired a new stake in Bitcoin Depot during the 4th quarter valued at $68,000. Saba Capital Management L.P. purchased a new stake in Bitcoin Depot during the 3rd quarter worth $305,000. Kepos Capital LP purchased a new position in Bitcoin Depot in the 3rd quarter valued at about $368,000. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Bitcoin Depot during the third quarter valued at about $703,000. 9.18% of the stock is owned by institutional investors and hedge funds.

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.