HC Wainwright Cuts Earnings Estimates for Bitcoin Depot

Bitcoin Depot Inc. (NASDAQ:BTM) – Equities researchers at HC Wainwright reduced their Q2 2025 earnings estimates for Bitcoin Depot in a research report issued on Tuesday, March 18th. HC Wainwright analyst M. Colonnese now expects that the company will post earnings per share of $0.05 for the quarter, down from their prior estimate of $0.10. HC Wainwright currently has a “Buy” rating and a $4.00 price objective on the stock.

Separately, B. Riley reiterated a “buy” rating and issued a $4.70 price target (up previously from $4.50) on shares of Bitcoin Depot in a research note on Wednesday.

Bitcoin Depot Stock Down 1.4 %

Shares of NASDAQ:BTM opened at $1.36 on Thursday. Bitcoin Depot has a 12-month low of $0.93 and a 12-month high of $3.52. The stock has a market capitalization of $82.13 million, a price-to-earnings ratio of -1.46 and a beta of 0.10. The stock has a fifty day simple moving average of $1.43 and a two-hundred day simple moving average of $1.60. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 9.33.

Institutional Trading of Bitcoin Depot

A number of institutional investors and hedge funds have recently modified their holdings of BTM. Blue Owl Capital Holdings LP boosted its position 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 buying an additional 15,000 shares during the last quarter. Walleye Capital LLC boosted its holdings in shares of Bitcoin Depot by 110.1% during the 3rd 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 last quarter. Renaissance Technologies LLC grew its stake in shares of Bitcoin Depot by 96.4% in the fourth quarter. Renaissance Technologies LLC now owns 146,100 shares of the company’s stock worth $237,000 after acquiring an additional 71,700 shares during the period. Two Sigma Advisers LP purchased a new position in shares of Bitcoin Depot during the fourth quarter valued at approximately $267,000. Finally, 272 Capital LP bought a new position in Bitcoin Depot during the third quarter valued at approximately $401,000. Institutional investors 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.