Q1 EPS Estimates for Bitcoin Depot Lifted by Northland Capmk

Bitcoin Depot Inc. (NASDAQ:BTM) – Stock analysts at Northland Capmk lifted their Q1 2025 earnings estimates for shares of Bitcoin Depot in a research note issued to investors on Tuesday, March 18th. Northland Capmk analyst M. Grondahl now anticipates that the company will post earnings of $0.19 per share for the quarter, up from their previous estimate of $0.05. Northland Capmk also issued estimates for Bitcoin Depot’s FY2025 earnings at $0.65 EPS.

A number of other research analysts have also weighed in on BTM. HC Wainwright reaffirmed a “buy” rating and set a $4.00 price objective on shares of Bitcoin Depot in a report on Tuesday, March 18th. B. Riley reaffirmed a “buy” rating and set a $4.70 price objective (up previously from $4.50) on shares of Bitcoin Depot in a report on Wednesday.

Bitcoin Depot Trading Down 1.4 %

Shares of BTM stock opened at $1.36 on Friday. The business’s fifty day moving average price is $1.43 and its 200 day moving average price is $1.60. Bitcoin Depot has a 1-year low of $0.93 and a 1-year high of $3.52. The firm has a market capitalization of $82.13 million, a PE ratio of -1.46 and a beta of 0.10. The company has a debt-to-equity ratio of 9.33, a current ratio of 0.91 and a quick ratio of 0.91.

Institutional Investors Weigh In On Bitcoin Depot

A number of institutional investors and hedge funds have recently modified their holdings of the company. Walleye Capital LLC grew its holdings in shares of Bitcoin Depot by 110.1% in the 3rd quarter. Walleye Capital LLC now owns 23,542 shares of the company’s stock worth $37,000 after acquiring an additional 12,337 shares during the period. Blue Owl Capital Holdings LP increased its stake in shares of Bitcoin Depot by 480.0% during the 4th quarter. Blue Owl Capital Holdings LP now owns 18,125 shares of the company’s stock worth $29,000 after purchasing an additional 15,000 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Bitcoin Depot by 96.4% during the 4th quarter. Renaissance Technologies LLC now owns 146,100 shares of the company’s stock worth $237,000 after purchasing an additional 71,700 shares during the last quarter. Radcliffe Capital Management L.P. raised its position in shares of Bitcoin Depot by 134.3% during the 4th quarter. Radcliffe Capital Management L.P. now owns 285,835 shares of the company’s stock worth $463,000 after purchasing an additional 163,854 shares during the last quarter. Finally, Two Sigma Advisers LP purchased a new stake in Bitcoin Depot in the 4th quarter valued at approximately $267,000. 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.