Brandon Taylor Mintz Sells 17,454 Shares of Bitcoin Depot Inc. (NASDAQ:BTM) Stock

Bitcoin Depot Inc. (NASDAQ:BTM) insider Brandon Taylor Mintz sold 17,454 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $1.79, for a total transaction of $31,242.66. Following the sale, the insider now owns 529,248 shares in the company, valued at approximately $947,353.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Brandon Taylor Mintz also recently made the following trade(s):

• On Wednesday, July 3rd, Brandon Taylor Mintz sold 10,152 shares of Bitcoin Depot stock. The shares were sold at an average price of $1.66, for a total value of $16,852.32.
• On Monday, June 3rd, Brandon Taylor Mintz sold 27,399 shares of Bitcoin Depot stock. The shares were sold at an average price of $1.89, for a total value of $51,784.11.
• On Wednesday, May 29th, Brandon Taylor Mintz sold 600 shares of Bitcoin Depot stock. The stock was sold at an average price of $2.01, for a total value of $1,206.00.
• On Monday, May 6th, Brandon Taylor Mintz sold 7,125 shares of Bitcoin Depot stock. The shares were sold at an average price of $1.91, for a total transaction of $13,608.75.
• On Wednesday, April 24th, Brandon Taylor Mintz sold 2,906,976 shares of Bitcoin Depot stock. The stock was sold at an average price of $1.72, for a total transaction of $4,999,998.72.

Bitcoin Depot Stock Performance

Shares of BTM opened at $1.71 on Friday. Bitcoin Depot Inc. has a 52-week low of $1.36 and a 52-week high of $4.49. The firm has a 50-day moving average price of $1.87 and a 200 day moving average price of $2.13. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 7.66.

Bitcoin Depot (NASDAQ:BTM) last posted its quarterly earnings data on Tuesday, May 14th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.17). Bitcoin Depot had a negative net margin of 4.28% and a negative return on equity of 483.86%. The company had revenue of $138.54 million during the quarter, compared to the consensus estimate of $132.85 million. On average, sell-side analysts predict that Bitcoin Depot Inc. will post 0.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on BTM shares. HC Wainwright restated a “buy” rating and issued a $4.00 target price on shares of Bitcoin Depot in a research report on Tuesday, May 14th. B. Riley decreased their price objective on Bitcoin Depot from $6.00 to $4.00 and set a “buy” rating for the company in a report on Tuesday, March 26th.

Institutional Trading of Bitcoin Depot

Hedge funds and other institutional investors have recently modified their holdings of the company. Shaolin Capital Management LLC bought a new position in Bitcoin Depot during the third quarter valued at about $11,244,000. Radcliffe Capital Management L.P. bought a new position in shares of Bitcoin Depot during the 3rd quarter valued at about $1,075,000. Cohanzick Management LLC grew its stake 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 purchasing an additional 212,000 shares during the last quarter. Privium Fund Management UK Ltd bought a new stake in shares of Bitcoin Depot in the 1st quarter worth approximately $60,000. Finally, Owl Creek Asset Management L.P. acquired a new stake in Bitcoin Depot during the fourth quarter valued at approximately $68,000. Institutional investors own 9.18% of the company’s stock.

Bitcoin Depot Company Profile

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.