HC Wainwright Expects Stronger Earnings for Bitcoin Depot

Bitcoin Depot Inc. (NASDAQ:BTM) – Analysts at HC Wainwright raised their Q1 2025 earnings per share (EPS) estimates for shares of Bitcoin Depot in a research note issued to investors on Tuesday, March 18th. HC Wainwright analyst M. Colonnese now anticipates that the company will post earnings of $0.02 per share for the quarter, up from their prior forecast of ($0.07). HC Wainwright has a “Buy” rating and a $4.00 price target on the stock. HC Wainwright also issued estimates for Bitcoin Depot’s Q4 2025 earnings at ($0.03) EPS and FY2025 earnings at $0.03 EPS.

Separately, B. Riley reiterated 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 Down 1.4 %

BTM stock opened at $1.36 on Friday. Bitcoin Depot has a fifty-two week low of $0.93 and a fifty-two week high of $3.52. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 9.33. The stock has a market cap of $82.13 million, a PE ratio of -1.46 and a beta of 0.10. The firm’s 50-day simple moving average is $1.43 and its 200 day simple moving average is $1.60.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Walleye Capital LLC increased its stake 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 valued at $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 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 period. Renaissance Technologies LLC increased its stake 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 valued at $237,000 after acquiring an additional 71,700 shares during the period. Radcliffe Capital Management L.P. increased its stake in shares of Bitcoin Depot by 134.3% during the fourth quarter. Radcliffe Capital Management L.P. now owns 285,835 shares of the company’s stock valued at $463,000 after acquiring an additional 163,854 shares during the period. Finally, Two Sigma Advisers LP acquired a new position in shares of Bitcoin Depot in the 4th quarter worth 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.