Q3 2024 EPS Estimates for Bitcoin Depot Inc. Decreased by Northland Capmk (NASDAQ:BTM)

Bitcoin Depot Inc. (NASDAQ:BTM) – Research analysts at Northland Capmk lowered their Q3 2024 earnings estimates for Bitcoin Depot in a report released on Wednesday, August 14th. Northland Capmk analyst M. Grondahl now anticipates that the company will post earnings of $0.02 per share for the quarter, down from their previous forecast of $0.13. The consensus estimate for Bitcoin Depot’s current full-year earnings is $0.04 per share. Northland Capmk also issued estimates for Bitcoin Depot’s Q4 2024 earnings at $0.01 EPS and FY2024 earnings at ($0.20) EPS.

Separately, HC Wainwright cut their price objective on shares of Bitcoin Depot from $4.00 to $3.50 and set a “buy” rating on the stock in a research report on Thursday.

Bitcoin Depot Price Performance

Shares of NASDAQ:BTM opened at $1.67 on Friday. The business has a fifty day moving average price of $1.70 and a 200-day moving average price of $1.96. The company has a debt-to-equity ratio of 7.66, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market capitalization of $99.56 million, a PE ratio of -0.89 and a beta of -0.35. Bitcoin Depot has a 1-year low of $1.33 and a 1-year high of $3.70.

Insider Buying and Selling at Bitcoin Depot

In other news, COO Christopher Scott Buchanan sold 20,000 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $1.90, for a total value of $38,000.00. Following the completion of the transaction, the chief operating officer now owns 311,276 shares in the company, valued at $591,424.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Bitcoin Depot news, insider Brandon Taylor Mintz sold 17,454 shares of Bitcoin Depot stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $1.79, for a total value of $31,242.66. Following the completion of the sale, the insider now owns 529,248 shares of the company’s stock, valued at approximately $947,353.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Christopher Scott Buchanan sold 20,000 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $1.90, for a total value of $38,000.00. Following the transaction, the chief operating officer now directly owns 311,276 shares in the company, valued at $591,424.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 108,151 shares of company stock worth $192,917. Insiders own 20.09% of the company’s stock.

Hedge Funds Weigh In On Bitcoin Depot

Several institutional investors have recently made changes to their positions in BTM. Privium Fund Management UK Ltd bought a new position in Bitcoin Depot in the 1st quarter worth $60,000. Owl Creek Asset Management L.P. purchased a new stake in Bitcoin Depot in the fourth quarter worth about $68,000. Renaissance Technologies LLC raised its stake in shares of Bitcoin Depot by 122.1% in the second quarter. Renaissance Technologies LLC now owns 47,300 shares of the company’s stock worth $85,000 after buying an additional 26,000 shares during the period. Shaolin Capital Management LLC grew its stake in shares of Bitcoin Depot by 7.6% during the 1st 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 during the period. Finally, Cohanzick Management LLC lifted its holdings 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 in the last quarter. 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. 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.