Bitcoin Depot Inc. (NASDAQ:BTM - Get Free Report) major shareholder Andrew Mitchell Paul bought 19,422 shares of Bitcoin Depot stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of $1.54 per share, with a total value of $29,909.88. Following the acquisition, the insider now directly owns 19,422 shares of the company's stock, valued at $29,909.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Andrew Mitchell Paul also recently made the following trade(s):
- On Monday, August 12th, Andrew Mitchell Paul purchased 38,560 shares of Bitcoin Depot stock. The stock was purchased at an average cost of $1.70 per share, with a total value of $65,552.00.
- On Friday, August 9th, Andrew Mitchell Paul purchased 97,804 shares of Bitcoin Depot stock. The shares were acquired at an average cost of $1.66 per share, for a total transaction of $162,354.64.
Bitcoin Depot Price Performance
Bitcoin Depot stock opened at $1.53 on Tuesday. The company has a market cap of $91.21 million, a P/E ratio of -0.82 and a beta of -0.34. Bitcoin Depot Inc. has a one year low of $1.33 and a one year high of $3.70. The business has a fifty day moving average of $1.64 and a two-hundred day moving average of $1.82. The company has a debt-to-equity ratio of 9.33, a quick ratio of 1.16 and a current ratio of 1.16.
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Bitcoin Depot (NASDAQ:BTM - Get Free Report) last posted its quarterly earnings data on Thursday, August 15th. The company reported ($0.13) EPS 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 company had revenue of $163.07 million for the quarter, compared to analysts' expectations of $148.49 million. As a group, analysts predict that Bitcoin Depot Inc. will post -0.09 earnings per share for the current fiscal year.
Analyst Ratings Changes
Separately, HC Wainwright reduced their price objective on shares of Bitcoin Depot from $4.00 to $3.50 and set a "buy" rating for the company in a research report on Thursday, August 15th.
View Our Latest Research Report on Bitcoin Depot
Institutional Investors Weigh In On Bitcoin Depot
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BTM. Cohanzick Management LLC lifted its position in shares of Bitcoin Depot by 54.4% in the 4th quarter. Cohanzick Management LLC now owns 602,000 shares of the company's stock worth $1,944,000 after buying an additional 212,000 shares during the last quarter. Owl Creek Asset Management L.P. bought a new stake in Bitcoin Depot during the fourth quarter worth approximately $68,000. Privium Fund Management UK Ltd acquired a new position in shares of Bitcoin Depot in the 1st quarter valued at $60,000. Shaolin Capital Management LLC raised its holdings in shares of Bitcoin Depot by 7.6% during the first quarter. Shaolin Capital Management LLC now owns 699,600 shares of the company's stock valued at $1,326,000 after acquiring an additional 49,600 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in shares of Bitcoin Depot by 122.1% during the second quarter. Renaissance Technologies LLC now owns 47,300 shares of the company's stock valued at $85,000 after buying an additional 26,000 shares in the last quarter. Hedge funds and other institutional investors own 9.18% of the company's stock.
About Bitcoin Depot
(
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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