Bitcoin Depot Inc. (NASDAQ:BTM) Insider Sells $16,219.86 in Stock

Bitcoin Depot Inc. (NASDAQ:BTM) insider Brandon Taylor Mintz sold 9,771 shares of Bitcoin Depot stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $1.66, for a total value of $16,219.86. Following the completion of the transaction, the insider now directly owns 519,477 shares in the company, valued at approximately $862,331.82. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Wednesday, July 3rd, Brandon Taylor Mintz sold 10,152 shares of Bitcoin Depot stock. The stock was sold at an average price of $1.66, for a total value of $16,852.32.
• On Monday, July 1st, Brandon Taylor Mintz sold 17,454 shares of Bitcoin Depot stock. The shares were sold at an average price of $1.79, for a total value of $31,242.66.
• On Monday, June 3rd, Brandon Taylor Mintz sold 27,399 shares of Bitcoin Depot stock. The stock was sold at an average price of $1.89, for a total value of $51,784.11.
• On Wednesday, May 29th, Brandon Taylor Mintz sold 600 shares of Bitcoin Depot stock. The shares were sold at an average price of $2.01, for a total value of $1,206.00.

Bitcoin Depot Trading Up 1.3 %

Shares of BTM traded up $0.02 during trading hours on Monday, hitting $1.53. 120,700 shares of the stock traded hands, compared to its average volume of 244,651. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 7.66. Bitcoin Depot Inc. has a 1-year low of $1.33 and a 1-year high of $3.85. The firm has a market capitalization of $91.22 million, a PE ratio of -0.82 and a beta of -0.35. The business has a fifty day moving average of $1.78 and a 200-day moving average of $2.00.

Bitcoin Depot (NASDAQ:BTM) last issued its quarterly earnings results on Tuesday, May 14th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.17). The firm had revenue of $138.54 million for the quarter, compared to analyst estimates of $132.85 million. Bitcoin Depot had a negative net margin of 4.28% and a negative return on equity of 483.86%. Analysts expect that Bitcoin Depot Inc. will post 0.04 EPS for the current year.

Institutional Investors Weigh In On Bitcoin Depot

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Shaolin Capital Management LLC increased 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 worth $1,326,000 after acquiring an additional 49,600 shares in the last quarter. Cohanzick Management LLC boosted its position in Bitcoin Depot by 54.4% during the fourth quarter. Cohanzick Management LLC now owns 602,000 shares of the company’s stock valued at $1,944,000 after purchasing an additional 212,000 shares during the last quarter. Privium Fund Management UK Ltd acquired a new position in Bitcoin Depot during the first quarter valued at approximately $60,000. Finally, Owl Creek Asset Management L.P. acquired a new stake in shares of Bitcoin Depot in the fourth quarter valued at approximately $68,000. Institutional investors own 9.18% of the company’s stock.

Analysts Set New Price Targets

Separately, HC Wainwright reissued a “buy” rating and issued a $4.00 price objective on shares of Bitcoin Depot in a research note on Tuesday, May 14th.

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.