Andrew Mitchell Paul Purchases 19,422 Shares of Bitcoin Depot Inc. (NASDAQ:BTM) Stock

Bitcoin Depot Inc. (NASDAQ:BTM) major shareholder Andrew Mitchell Paul acquired 19,422 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average price of $1.54 per share, for a total transaction of $29,909.88. Following the completion of the purchase, the insider now directly owns 19,422 shares in the company, valued at approximately $29,909.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Andrew Mitchell Paul also recently made the following trade(s):

• On Monday, August 12th, Andrew Mitchell Paul acquired 38,560 shares of Bitcoin Depot stock. The stock was purchased at an average price of $1.70 per share, for a total transaction of $65,552.00.
• On Friday, August 9th, Andrew Mitchell Paul acquired 97,804 shares of Bitcoin Depot stock. The stock was purchased at an average price of $1.66 per share, for a total transaction of $162,354.64.

Bitcoin Depot Trading Up 2.0 %

Shares of BTM opened at $1.56 on Wednesday. The business’s 50-day moving average price is $1.64 and its 200-day moving average price is $1.81. Bitcoin Depot Inc. has a twelve month low of $1.33 and a twelve month high of $3.70. The stock has a market cap of $93.00 million, a PE ratio of -0.83 and a beta of -0.34. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 9.33.

Bitcoin Depot (NASDAQ:BTM) last posted its quarterly earnings data on Thursday, August 15th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.16). The company had revenue of $163.07 million during the quarter, compared to the consensus estimate of $148.49 million. Bitcoin Depot had a negative return on equity of 307.37% and a negative net margin of 3.10%. On average, equities analysts forecast that Bitcoin Depot Inc. will post -0.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Owl Creek Asset Management L.P. purchased a new stake in Bitcoin Depot in the fourth quarter worth approximately $68,000. Privium Fund Management UK Ltd purchased a new stake in shares of Bitcoin Depot during the first quarter valued at approximately $60,000. Renaissance Technologies LLC boosted 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 purchasing an additional 26,000 shares during the period. Cohanzick Management LLC lifted its stake in 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. Finally, Shaolin Capital Management LLC lifted its stake in 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 during the period. 9.18% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, HC Wainwright lowered their price objective on Bitcoin Depot from $4.00 to $3.50 and set a “buy” rating on the stock in a research note on Thursday, August 15th.

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.