Bitcoin Depot (NASDAQ:BTM) Downgraded to “Buy” Rating by Wall Street Zen

Wall Street Zen cut shares of Bitcoin Depot (NASDAQ:BTM) from a strong-buy rating to a buy rating in a report released on Saturday morning.

Other equities research analysts also recently issued research reports about the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Bitcoin Depot in a report on Wednesday, October 8th. Zacks Research downgraded shares of Bitcoin Depot from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. HC Wainwright upped their price target on shares of Bitcoin Depot from $5.00 to $6.50 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Finally, B. Riley lowered shares of Bitcoin Depot from a “buy” rating to a “neutral” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $5.83.

Bitcoin Depot Trading Down 1.4%

NASDAQ:BTM opened at $2.04 on Friday. The stock has a market capitalization of $138.88 million, a price-to-earnings ratio of 8.87 and a beta of 0.79. Bitcoin Depot has a 52 week low of $0.93 and a 52 week high of $6.88. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 12.34. The firm has a 50 day moving average of $3.18 and a 200 day moving average of $3.93.

Bitcoin Depot (NASDAQ:BTM) last released its quarterly earnings results on Thursday, November 13th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.04. Bitcoin Depot had a net margin of 1.44% and a negative return on equity of 167.68%. The business had revenue of $162.48 million for the quarter, compared to analyst estimates of $153.11 million. Bitcoin Depot has set its Q4 2025 guidance at EPS.

Insider Buying and Selling at Bitcoin Depot

In other news, COO Christopher Scott Buchanan sold 7,000 shares of the stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $3.82, for a total value of $26,740.00. Following the sale, the chief operating officer owned 133,276 shares in the company, valued at $509,114.32. This represents a 4.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 21,000 shares of company stock valued at $70,280 in the last quarter. 70.23% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Bitcoin Depot

Institutional investors have recently modified their holdings of the business. Bank of America Corp DE raised its holdings in Bitcoin Depot by 11,320.0% in the 2nd quarter. Bank of America Corp DE now owns 9,707 shares of the company’s stock worth $49,000 after purchasing an additional 9,622 shares during the period. Cetera Investment Advisers acquired a new position in Bitcoin Depot during the second quarter worth $51,000. GSA Capital Partners LLP purchased a new position in Bitcoin Depot during the third quarter valued at $70,000. Truist Financial Corp acquired a new stake in shares of Bitcoin Depot in the second quarter valued at about $71,000. Finally, Verdence Capital Advisors LLC acquired a new stake in shares of Bitcoin Depot in the first quarter valued at about $73,000. 9.18% of the stock is currently owned by institutional investors and hedge funds.

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.