Brokers Set Expectations for Bitcoin Depot Inc.’s Q4 2024 Earnings (NASDAQ:BTM)

Bitcoin Depot Inc. (NASDAQ:BTM) – B. Riley lowered their Q4 2024 EPS estimates for shares of Bitcoin Depot in a note issued to investors on Tuesday, March 26th. B. Riley analyst H. Goetsch now forecasts that the company will post earnings per share of $0.04 for the quarter, down from their previous forecast of $0.10. B. Riley has a “Buy” rating and a $4.00 price target on the stock. The consensus estimate for Bitcoin Depot’s current full-year earnings is ($0.69) per share.

Other analysts have also issued research reports about the stock. HC Wainwright decreased their price target 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 assumed coverage on shares of Bitcoin Depot in a research note on Wednesday, December 20th. They issued a “market perform” rating and a $3.50 target price for the company.

Bitcoin Depot Stock Performance

Shares of BTM stock opened at $1.91 on Wednesday. The firm has a fifty day simple moving average of $2.35 and a two-hundred day simple moving average of $2.47. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.72 and a current ratio of 0.72. Bitcoin Depot has a 12 month low of $1.88 and a 12 month high of $11.15.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Shaolin Capital Management LLC bought a new position in Bitcoin Depot during the third quarter valued at approximately $11,244,000. AWM Investment Company Inc. bought a new position in Bitcoin Depot during the third quarter valued at approximately $2,464,000. Radcliffe Capital Management L.P. bought a new position in Bitcoin Depot during the third quarter valued at approximately $1,075,000. Meteora Capital LLC bought a new position in Bitcoin Depot during the third quarter valued at approximately $902,000. Finally, Exchange Traded Concepts LLC bought a new position in shares of Bitcoin Depot in the third quarter worth approximately $703,000. 9.18% of the stock is currently owned by institutional investors.

Insider Transactions at Bitcoin Depot

In other news, COO Christopher Scott Buchanan sold 14,512 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $2.48, for a total value of $35,989.76. Following the sale, the chief operating officer now directly owns 338,741 shares of the company’s stock, valued at $840,077.68. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 20.09% of the company’s stock.

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.