Bitcoin Depot Inc. (NASDAQ:BTM) Insider Brandon Taylor Mintz Sells 7,125 Shares

Bitcoin Depot Inc. (NASDAQ:BTM) insider Brandon Taylor Mintz sold 7,125 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $1.91, for a total value of $13,608.75. Following the completion of the transaction, the insider now directly owns 689,577 shares in the company, valued at $1,317,092.07. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Brandon Taylor Mintz also recently made the following trade(s):

• On Wednesday, April 24th, Brandon Taylor Mintz sold 2,906,976 shares of Bitcoin Depot stock. The shares were sold at an average price of $1.72, for a total transaction of $4,999,998.72.
• On Monday, April 1st, Brandon Taylor Mintz sold 50,000 shares of Bitcoin Depot stock. The stock was sold at an average price of $1.73, for a total transaction of $86,500.00.
• On Wednesday, March 27th, Brandon Taylor Mintz sold 62,865 shares of Bitcoin Depot stock. The shares were sold at an average price of $1.99, for a total transaction of $125,101.35.

Bitcoin Depot Price Performance

Bitcoin Depot stock opened at $1.83 on Friday. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a 50 day moving average price of $2.05 and a 200-day moving average price of $2.29. Bitcoin Depot Inc. has a twelve month low of $1.36 and a twelve month high of $10.85.

Bitcoin Depot (NASDAQ:BTM) last announced its quarterly earnings data on Monday, April 15th. The company reported ($0.50) earnings per share for the quarter. The business had revenue of $148.41 million during the quarter. On average, sell-side analysts predict that Bitcoin Depot Inc. will post 0.13 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. B. Riley decreased their price target on Bitcoin Depot from $6.00 to $4.00 and set a “buy” rating for the company in a research report on Tuesday, March 26th. HC Wainwright reduced their price objective on Bitcoin Depot from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Tuesday, March 26th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Privium Fund Management UK Ltd bought a new position in Bitcoin Depot in the 1st quarter worth approximately $60,000. Owl Creek Asset Management L.P. purchased a new stake in shares of Bitcoin Depot during the fourth quarter worth $68,000. Cohanzick Management LLC boosted its holdings in shares of Bitcoin Depot by 54.4% in the fourth quarter. Cohanzick Management LLC now owns 602,000 shares of the company’s stock worth $1,944,000 after acquiring an additional 212,000 shares during the period. Shaolin Capital Management LLC purchased a new position in shares of Bitcoin Depot in the third quarter valued at $2,105,000. Finally, Radcliffe Capital Management L.P. bought a new stake in shares of Bitcoin Depot during the 3rd quarter valued at $1,075,000. 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.