HC Wainwright Lowers Earnings Estimates for Bitcoin Depot

Bitcoin Depot Inc. (NASDAQ:BTM) – Research analysts at HC Wainwright cut their Q2 2025 earnings estimates for shares of Bitcoin Depot in a note issued to investors on Tuesday, March 18th. HC Wainwright analyst M. Colonnese now anticipates that the company will post earnings of $0.05 per share for the quarter, down from their previous estimate of $0.10. HC Wainwright currently has a “Buy” rating and a $4.00 target price on the stock.

Separately, B. Riley reaffirmed a “buy” rating and set a $4.70 price objective (up from $4.50) on shares of Bitcoin Depot in a research report on Wednesday.

Bitcoin Depot Stock Performance

NASDAQ:BTM opened at $1.38 on Thursday. Bitcoin Depot has a 12 month low of $0.93 and a 12 month high of $3.52. The company has a debt-to-equity ratio of 9.33, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $83.34 million, a PE ratio of -1.48 and a beta of 0.10. The business’s fifty day moving average price is $1.43 and its 200 day moving average price is $1.60.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Blue Owl Capital Holdings LP lifted its position in Bitcoin Depot by 480.0% in the fourth quarter. Blue Owl Capital Holdings LP now owns 18,125 shares of the company’s stock valued at $29,000 after acquiring an additional 15,000 shares during the last quarter. Walleye Capital LLC grew its holdings in shares of Bitcoin Depot by 110.1% during the third quarter. Walleye Capital LLC now owns 23,542 shares of the company’s stock worth $37,000 after purchasing an additional 12,337 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Bitcoin Depot by 96.4% during the fourth quarter. Renaissance Technologies LLC now owns 146,100 shares of the company’s stock worth $237,000 after purchasing an additional 71,700 shares in the last quarter. Two Sigma Advisers LP purchased a new stake in shares of Bitcoin Depot in the 4th quarter valued at about $267,000. Finally, 272 Capital LP acquired a new stake in shares of Bitcoin Depot in the 3rd quarter valued at about $401,000. Institutional investors and hedge funds own 9.18% of the company’s stock.

About Bitcoin Depot

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.