B. Riley Forecasts Bitcoin Depot FY2025 Earnings

Bitcoin Depot Inc. (NASDAQ:BTM) – Research analysts at B. Riley issued their FY2025 earnings estimates for shares of Bitcoin Depot in a research report issued on Thursday, November 14th. B. Riley analyst H. Goetsch anticipates that the company will earn $0.21 per share for the year. The consensus estimate for Bitcoin Depot’s current full-year earnings is ($0.10) per share.

BTM has been the subject of several other reports. HC Wainwright reduced their target price on shares of Bitcoin Depot from $4.00 to $3.50 and set a “buy” rating for the company in a report on Thursday, August 15th. Noble Financial upgraded shares of Bitcoin Depot to a “strong-buy” rating in a research note on Thursday, October 17th.

Bitcoin Depot Stock Down 2.0 %

Shares of BTM stock opened at $2.43 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 9.33. Bitcoin Depot has a 12 month low of $1.33 and a 12 month high of $3.70. The stock has a market cap of $146.07 million, a P/E ratio of -1.85 and a beta of -0.33. The company has a 50 day simple moving average of $1.62 and a two-hundred day simple moving average of $1.72.

Bitcoin Depot (NASDAQ:BTM) last announced its earnings results on Thursday, August 15th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.16). Bitcoin Depot had a negative return on equity of 307.37% and a negative net margin of 3.10%. The firm had revenue of $163.07 million during the quarter, compared to analysts’ expectations of $148.49 million.

Hedge Funds Weigh In On Bitcoin Depot

Several hedge funds have recently bought and sold shares of BTM. Walleye Capital LLC raised its position in Bitcoin Depot by 110.1% during the 3rd quarter. Walleye Capital LLC now owns 23,542 shares of the company’s stock valued at $37,000 after purchasing an additional 12,337 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Bitcoin Depot by 122.1% during the second quarter. Renaissance Technologies LLC now owns 47,300 shares of the company’s stock valued at $85,000 after buying an additional 26,000 shares during the period. Finally, Shaolin Capital Management LLC raised its holdings in shares of Bitcoin Depot by 7.6% in the first quarter. Shaolin Capital Management LLC now owns 699,600 shares of the company’s stock valued at $1,326,000 after acquiring an additional 49,600 shares in the last quarter. Institutional investors own 9.18% of the company’s stock.

Insider Activity

In other news, COO Christopher Scott Buchanan sold 20,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $1.56, for a total value of $31,200.00. Following the sale, the chief operating officer now owns 241,276 shares of the company’s stock, valued at approximately $376,390.56. This represents a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last three months, insiders have sold 50,100 shares of company stock worth $77,051. 70.23% of the stock is currently owned by corporate insiders.

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.