HC Wainwright Boosts BTCS (NASDAQ:BTCS) Price Target to $5.00

BTCS (NASDAQ:BTCS) had its target price lifted by HC Wainwright from $3.00 to $5.00 in a research note published on Tuesday morning, Marketbeat reports. HC Wainwright currently has a buy rating on the stock. HC Wainwright also issued estimates for BTCS’s FY2025 earnings at ($0.16) EPS.

BTCS Stock Down 9.4 %

Shares of BTCS opened at $2.59 on Tuesday. The firm has a market cap of $44.09 million, a price-to-earnings ratio of 6.32 and a beta of 2.08. The company’s fifty day moving average is $2.69 and its 200-day moving average is $1.79. BTCS has a 12 month low of $0.95 and a 12 month high of $5.41.

Insider Buying and Selling at BTCS

In other BTCS news, Director Melanie Pump sold 22,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $3.49, for a total transaction of $76,780.00. Following the transaction, the director now owns 38,735 shares in the company, valued at $135,185.15. This trade represents a 36.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 44.30% of the company’s stock.

Institutional Trading of BTCS

An institutional investor recently bought a new position in BTCS stock. Heron Bay Capital Management purchased a new stake in BTCS Inc. (NASDAQ:BTCS) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 44,435 shares of the company’s stock, valued at approximately $61,000. Heron Bay Capital Management owned about 0.28% of BTCS as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 3.48% of the company’s stock.

About BTCS

BTCS Inc operates in blockchain technology sector the United States. Its blockchain-infrastructure secures and operates validator nodes on disruptive blockchain networks, as well as validates transactions for crypto holding delegations on dPoS blockchains. The company offers StakeSeeker, a cryptocurrency dashboard and staking-as-a-service platform that allows crypto asset holders to earn rewards by participating in network consensus mechanisms; and Builder+, a Ethereum block builder offered to maximize validator earnings by utilizing algorithms to construct optimized blocks for on-chain validation.