Bitcoin Depot (NASDAQ:BTM) Price Target Raised to $5.50 at B. Riley

Bitcoin Depot (NASDAQ:BTM) had its target price raised by B. Riley from $4.70 to $5.50 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a buy rating on the stock. B. Riley also issued estimates for Bitcoin Depot’s Q2 2025 earnings at $0.13 EPS and FY2025 earnings at $0.52 EPS.

A number of other analysts have also recently commented on the stock. HC Wainwright restated a “buy” rating and set a $4.00 target price on shares of Bitcoin Depot in a report on Tuesday, March 18th. Northland Securities raised Bitcoin Depot from a “market perform” rating to an “outperform” rating and set a $5.00 target price for the company in a research report on Friday. Three analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $4.83.

Bitcoin Depot Stock Performance

Shares of BTM stock opened at $2.68 on Friday. Bitcoin Depot has a 12 month low of $0.93 and a 12 month high of $3.52. The stock has a market cap of $171.36 million, a PE ratio of -2.88 and a beta of -0.27. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 9.33. The company’s fifty day moving average price is $1.45 and its 200-day moving average price is $1.58.

Bitcoin Depot (NASDAQ:BTM) last announced its earnings results on Thursday, May 15th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.11. Bitcoin Depot had a negative net margin of 2.28% and a negative return on equity of 488.33%.

Insider Activity

In other news, COO Christopher Scott Buchanan sold 20,476 shares of the stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $1.33, for a total value of $27,233.08. Following the transaction, the chief operating officer now owns 169,276 shares in the company, valued at $225,137.08. This represents a 10.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 70.23% of the company’s stock.

Institutional Trading of Bitcoin Depot

Several large investors have recently added to or reduced their stakes in BTM. Welch Capital Partners LLC NY boosted its stake in shares of Bitcoin Depot by 85.1% during the 1st quarter. Welch Capital Partners LLC NY now owns 966,250 shares of the company’s stock worth $1,459,000 after acquiring an additional 444,177 shares during the last quarter. Verdence Capital Advisors LLC purchased a new stake in shares of Bitcoin Depot in the 1st quarter worth $73,000. Two Sigma Advisers LP bought a new position in Bitcoin Depot in the 4th quarter worth $267,000. Two Sigma Investments LP purchased a new position in Bitcoin Depot during the fourth quarter valued at $427,000. Finally, Blue Owl Capital Holdings LP lifted its position in 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 purchasing an additional 15,000 shares in the last quarter. 9.18% of the stock is currently owned by institutional investors.

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.