Bitcoin Depot Inc. (NASDAQ:BTM - Get Free Report) insider Brandon Taylor Mintz sold 10,000 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $1.55, for a total transaction of $15,500.00. Following the sale, the insider now directly owns 469,248 shares in the company, valued at approximately $727,334.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Brandon Taylor Mintz also recently made the following trade(s):
- On Thursday, August 1st, Brandon Taylor Mintz sold 9,771 shares of Bitcoin Depot stock. The stock was sold at an average price of $1.66, for a total transaction of $16,219.86.
- On Wednesday, July 3rd, Brandon Taylor Mintz sold 10,152 shares of Bitcoin Depot stock. The stock was sold at an average price of $1.66, for a total transaction of $16,852.32.
- On Monday, July 1st, Brandon Taylor Mintz sold 17,454 shares of Bitcoin Depot stock. The stock was sold at an average price of $1.79, for a total transaction of $31,242.66.
Bitcoin Depot Stock Down 5.7 %
BTM stock opened at $1.48 on Tuesday. The company's 50 day moving average price is $1.65 and its 200 day moving average price is $1.88. The company has a debt-to-equity ratio of 9.33, a quick ratio of 1.16 and a current ratio of 1.16. Bitcoin Depot Inc. has a fifty-two week low of $1.33 and a fifty-two week high of $3.70. The firm has a market capitalization of $88.96 million, a price-to-earnings ratio of -0.79 and a beta of -0.34.
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Bitcoin Depot (NASDAQ:BTM - Get Free Report) last released its earnings results on Thursday, August 15th. The company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.16). Bitcoin Depot had a negative return on equity of 307.37% and a negative net margin of 3.10%. The firm had revenue of $163.07 million for the quarter, compared to analysts' expectations of $148.49 million. On average, equities research analysts anticipate that Bitcoin Depot Inc. will post -0.09 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright cut their target price on shares of Bitcoin Depot from $4.00 to $3.50 and set a "buy" rating on the stock in a research note on Thursday, August 15th.
Read Our Latest Analysis on BTM
Hedge Funds Weigh In On Bitcoin Depot
Several hedge funds have recently added to or reduced their stakes in the stock. Owl Creek Asset Management L.P. purchased a new position in Bitcoin Depot in the fourth quarter valued at approximately $68,000. Renaissance Technologies LLC increased its stake in Bitcoin Depot by 122.1% in the second quarter. Renaissance Technologies LLC now owns 47,300 shares of the company's stock valued at $85,000 after purchasing an additional 26,000 shares during the last quarter. Privium Fund Management UK Ltd purchased a new position in Bitcoin Depot in the first quarter valued at approximately $60,000. Shaolin Capital Management LLC increased its stake in Bitcoin Depot by 7.6% in the first quarter. Shaolin Capital Management LLC now owns 699,600 shares of the company's stock valued at $1,326,000 after purchasing an additional 49,600 shares during the last quarter. Finally, Cohanzick Management LLC increased its stake in Bitcoin Depot by 54.4% in the fourth quarter. Cohanzick Management LLC now owns 602,000 shares of the company's stock valued at $1,944,000 after purchasing an additional 212,000 shares during the last quarter. 9.18% of the stock is currently owned by hedge funds and other institutional investors.
Bitcoin Depot Company Profile
(
Get Free Report)
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.
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