Brandon Taylor Mintz Sells 2,906,976 Shares of Bitcoin Depot Inc. (NASDAQ:BTM) Stock

Bitcoin Depot Inc. (NASDAQ:BTM) insider Brandon Taylor Mintz sold 2,906,976 shares of the stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $1.72, for a total transaction of $4,999,998.72. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Brandon Taylor Mintz also recently made the following trade(s):

• On Monday, April 1st, Brandon Taylor Mintz sold 50,000 shares of Bitcoin Depot stock. The stock was sold at an average price of $1.73, for a total transaction of $86,500.00.
• On Wednesday, March 27th, Brandon Taylor Mintz sold 62,865 shares of Bitcoin Depot stock. The stock was sold at an average price of $1.99, for a total transaction of $125,101.35.

Bitcoin Depot Price Performance

Shares of Bitcoin Depot stock opened at $1.80 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 2.13. The company has a 50 day moving average price of $2.14 and a 200 day moving average price of $2.34. Bitcoin Depot Inc. has a 52 week low of $1.36 and a 52 week high of $10.86.

Bitcoin Depot (NASDAQ:BTM) last posted its quarterly earnings results on Monday, April 15th. The company reported ($0.50) earnings per share (EPS) for the quarter. The business had revenue of $148.41 million for the quarter. As a group, equities research analysts predict that Bitcoin Depot Inc. will post 0.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. B. Riley decreased their price target on shares of Bitcoin Depot from $6.00 to $4.00 and set a “buy” rating for the company in a research report on Tuesday, March 26th. HC Wainwright decreased their price target on shares of Bitcoin Depot from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Tuesday, March 26th.

Hedge Funds Weigh In On Bitcoin Depot

A number of institutional investors have recently bought and sold shares of the business. Owl Creek Asset Management L.P. purchased a new position in Bitcoin Depot during the 4th quarter worth approximately $68,000. Cohanzick Management LLC grew its stake in shares of Bitcoin Depot by 54.4% during the 4th quarter. Cohanzick Management LLC now owns 602,000 shares of the company’s stock worth $1,944,000 after purchasing an additional 212,000 shares during the period. Shaolin Capital Management LLC acquired a new stake in shares of Bitcoin Depot during the 3rd quarter worth approximately $2,105,000. Radcliffe Capital Management L.P. acquired a new stake in shares of Bitcoin Depot during the 3rd quarter worth approximately $1,075,000. Finally, Kepos Capital LP acquired a new stake in shares of Bitcoin Depot during the 3rd quarter worth approximately $368,000. 9.18% of the stock is owned by hedge funds and other institutional investors.

About Bitcoin Depot

Bitcoin Depot Inc owns and operates a network of cryptocurrency kiosks in North America. It provides users to buy and sell bitcoin, litecoin, and ethereum cryptocurrencies; and engages in the sale of cryptocurrency to consumers at a network of retail locations through its BDCheckout product offering and through its website over the counter trade.