Noble Financial Analysts Cut Earnings Estimates for Bitcoin Depot Inc. (NASDAQ:BTM)

Bitcoin Depot Inc. (NASDAQ:BTM) – Analysts at Noble Financial decreased their Q4 2024 earnings per share (EPS) estimates for Bitcoin Depot in a report issued on Monday, April 22nd. Noble Financial analyst M. Kupinski now expects that the company will post earnings of $0.14 per share for the quarter, down from their previous estimate of $0.15. The consensus estimate for Bitcoin Depot’s current full-year earnings is $0.23 per share. Noble Financial also issued estimates for Bitcoin Depot’s FY2025 earnings at $0.45 EPS.

BTM has been the topic of several other reports. HC Wainwright dropped their price target on Bitcoin Depot from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Tuesday, March 26th. B. Riley dropped their price target on Bitcoin Depot from $6.00 to $4.00 and set a “buy” rating on the stock in a research report on Tuesday, March 26th.

Bitcoin Depot Price Performance

NASDAQ:BTM opened at $1.80 on Thursday. Bitcoin Depot has a 1-year low of $1.36 and a 1-year high of $10.86. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.81 and a quick ratio of 0.81. The business’s fifty day moving average price is $2.15 and its 200 day moving average price is $2.35.

Institutional Trading of Bitcoin Depot

Several hedge funds have recently added to or reduced their stakes in the business. Owl Creek Asset Management L.P. bought a new stake in Bitcoin Depot during the 4th quarter valued at approximately $68,000. Cohanzick Management LLC boosted its stake in Bitcoin Depot by 54.4% during the 4th 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 period. Shaolin Capital Management LLC bought a new stake in Bitcoin Depot during the 3rd quarter valued at approximately $2,105,000. Radcliffe Capital Management L.P. bought a new stake in Bitcoin Depot during the 3rd quarter valued at approximately $1,075,000. Finally, Kepos Capital LP bought a new stake in Bitcoin Depot during the 3rd quarter valued at approximately $368,000. Institutional investors own 9.18% of the company’s stock.

Insiders Place Their Bets

In other Bitcoin Depot news, insider Brandon Taylor Mintz sold 2,906,976 shares of the company’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $1.72, for a total value of $4,999,998.72. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, COO Christopher Scott Buchanan sold 14,512 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $2.48, for a total transaction of $35,989.76. Following the completion of the sale, the chief operating officer now owns 338,741 shares in the company, valued at approximately $840,077.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brandon Taylor Mintz sold 2,906,976 shares of the stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $1.72, for a total value of $4,999,998.72. The disclosure for this sale can be found here. Insiders have sold a total of 3,034,353 shares of company stock valued at $5,247,590 in the last three months. 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.