Bitcoin Depot Inc. (NASDAQ:BTM) Given Average Rating of “Moderate Buy” by Analysts

Shares of Bitcoin Depot Inc. (NASDAQ:BTM) have been given an average rating of “Moderate Buy” by the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $5.8333.

BTM has been the subject of several research analyst reports. B. Riley lowered Bitcoin Depot from a “buy” rating to a “neutral” rating in a research report on Friday, November 14th. Wall Street Zen downgraded Bitcoin Depot from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 15th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Bitcoin Depot in a report on Wednesday, October 8th.

Insider Transactions at Bitcoin Depot

In other Bitcoin Depot news, COO Christopher Scott Buchanan sold 7,000 shares of the firm’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $3.82, for a total value of $26,740.00. Following the completion of the sale, the chief operating officer directly owned 133,276 shares in the company, valued at approximately $509,114.32. This trade represents a 4.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 21,000 shares of company stock worth $55,580 over the last 90 days. 51.95% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bitcoin Depot

Institutional investors and hedge funds have recently made changes to their positions in the stock. Welch Capital Partners LLC NY increased 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 valued at $4,937,000 after buying an additional 184,123 shares in the last quarter. Vanguard Group Inc. grew its stake in Bitcoin Depot by 54.9% in the third quarter. Vanguard Group Inc. now owns 951,318 shares of the company’s stock valued at $3,196,000 after acquiring an additional 337,070 shares during the period. Marshall Wace LLP bought a new stake in shares of Bitcoin Depot during the second quarter valued at approximately $4,097,000. Two Sigma Investments LP raised its position in shares of Bitcoin Depot by 19.2% during the third quarter. Two Sigma Investments LP now owns 604,387 shares of the company’s stock worth $2,031,000 after purchasing an additional 97,506 shares during the period. Finally, Man Group plc lifted its holdings in shares of Bitcoin Depot by 1,803.0% in the 3rd quarter. Man Group plc now owns 315,581 shares of the company’s stock worth $1,060,000 after purchasing an additional 298,998 shares in the last quarter. Institutional investors own 9.18% of the company’s stock.

Bitcoin Depot Stock Down 4.1%

Bitcoin Depot stock opened at $1.42 on Monday. The firm has a market cap of $103.46 million, a price-to-earnings ratio of 6.17 and a beta of 0.85. Bitcoin Depot has a 52-week low of $0.93 and a 52-week high of $6.88. The company has a debt-to-equity ratio of 2.86, a quick ratio of 1.88 and a current ratio of 1.88. The firm has a 50 day moving average price of $2.29 and a two-hundred day moving average price of $3.83.

Bitcoin Depot (NASDAQ:BTM) last posted its quarterly earnings data on Thursday, November 13th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.04. The company had revenue of $162.48 million during the quarter, compared to analysts’ expectations of $153.11 million. Bitcoin Depot had a net margin of 1.44% and a return on equity of 791.02%.

About Bitcoin Depot

Bitcoin Depot Inc owns and operates a network of cryptocurrency kiosks in North America. Its customers can buy and sell bitcoin, litecoin, and ethereum cryptocurrencies using the BTM kiosk network and other services. The company also engages in the sale of cryptocurrency to consumers at a network of retail locations through its BDCheckout product offering, as well as its website through over-the-counter trade.