Noble Financial Cuts Earnings Estimates for Bitcoin Depot

Bitcoin Depot Inc. (NASDAQ:BTM) – Analysts at Noble Financial lowered their Q3 2025 earnings estimates for Bitcoin Depot in a report released on Wednesday, August 13th. Noble Financial analyst P. Mccann now expects that the company will earn $0.05 per share for the quarter, down from their prior forecast of $0.06. Noble Financial currently has a “Outperform” rating on the stock. Noble Financial also issued estimates for Bitcoin Depot’s FY2025 earnings at $0.44 EPS and FY2026 earnings at $0.60 EPS.

Several other equities analysts have also weighed in on the stock. Wall Street Zen raised shares of Bitcoin Depot from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 22nd. B. Riley raised their price objective on shares of Bitcoin Depot from $4.70 to $5.50 and gave the company a “buy” rating in a research report on Friday, May 16th. HC Wainwright raised their price objective on shares of Bitcoin Depot from $5.00 to $6.50 and gave the company a “buy” rating in a research report on Wednesday. Northland Capmk raised shares of Bitcoin Depot from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 16th. Finally, Northland Securities raised shares of Bitcoin Depot from a “market perform” rating to an “outperform” rating and set a $5.00 price objective on the stock in a research report on Friday, May 16th. Four equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $5.67.

Bitcoin Depot Price Performance

Shares of BTM opened at $4.07 on Thursday. The firm has a market cap of $261.75 million, a PE ratio of 40.70 and a beta of 0.86. The firm’s 50 day moving average price is $5.38 and its 200 day moving average price is $3.02. The company has a debt-to-equity ratio of 12.34, a quick ratio of 1.09 and a current ratio of 1.41. Bitcoin Depot has a twelve month low of $0.93 and a twelve month high of $6.88.

Bitcoin Depot (NASDAQ:BTM) last posted its quarterly earnings results on Tuesday, August 12th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). The company had revenue of $172.11 million during the quarter, compared to analysts’ expectations of $168.00 million. Bitcoin Depot had a negative return on equity of 44.12% and a net margin of 0.44%.

Hedge Funds Weigh In On Bitcoin Depot

A number of institutional investors have recently modified their holdings of the company. Man Group plc bought a new position in shares of Bitcoin Depot in the second quarter valued at approximately $84,000. Lazard Asset Management LLC bought a new position in shares of Bitcoin Depot in the second quarter valued at approximately $1,149,000. Bank of America Corp DE raised its position in shares of Bitcoin Depot by 11,320.0% in the second quarter. Bank of America Corp DE now owns 9,707 shares of the company’s stock valued at $49,000 after purchasing an additional 9,622 shares during the period. Welch Capital Partners LLC NY raised its position in shares of Bitcoin Depot by 33.0% in the second quarter. Welch Capital Partners LLC NY now owns 1,285,190 shares of the company’s stock valued at $6,516,000 after purchasing an additional 318,940 shares during the period. Finally, Qube Research & Technologies Ltd bought a new position in shares of Bitcoin Depot in the second quarter valued at approximately $74,000. 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.