Andrew Mitchell Paul Buys 38,560 Shares of Bitcoin Depot Inc. (NASDAQ:BTM) Stock

Bitcoin Depot Inc. (NASDAQ:BTM) major shareholder Andrew Mitchell Paul purchased 38,560 shares of the business’s stock in a transaction on Monday, August 12th. The stock was purchased at an average cost of $1.70 per share, with a total value of $65,552.00. Following the completion of the acquisition, the insider now owns 155,786 shares in the company, valued at $264,836.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Andrew Mitchell Paul also recently made the following trade(s):

• On Friday, August 9th, Andrew Mitchell Paul acquired 97,804 shares of Bitcoin Depot stock. The shares were acquired at an average cost of $1.66 per share, with a total value of $162,354.64.
• On Monday, August 5th, Andrew Mitchell Paul bought 19,422 shares of Bitcoin Depot stock. The shares were acquired at an average price of $1.54 per share, with a total value of $29,909.88.

Bitcoin Depot Price Performance

BTM traded down $0.06 during trading on Monday, reaching $1.53. The stock had a trading volume of 44,541 shares, compared to its average volume of 214,148. The business has a 50-day moving average of $1.64 and a 200-day moving average of $1.83. Bitcoin Depot Inc. has a one year low of $1.33 and a one year high of $3.70. The company has a debt-to-equity ratio of 9.33, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market cap of $91.21 million, a PE ratio of -0.82 and a beta of -0.34.

Bitcoin Depot (NASDAQ:BTM) last announced its quarterly earnings data 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). The firm had revenue of $163.07 million for the quarter, compared to analysts’ expectations of $148.49 million. Bitcoin Depot had a negative net margin of 3.10% and a negative return on equity of 307.37%. As a group, equities research analysts anticipate that Bitcoin Depot Inc. will post -0.09 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, HC Wainwright dropped their price target on Bitcoin Depot from $4.00 to $3.50 and set a “buy” rating for the company in a research report on Thursday, August 15th.

Institutional Investors Weigh In On Bitcoin Depot

Hedge funds have recently made changes to their positions in the business. Owl Creek Asset Management L.P. purchased a new position in Bitcoin Depot in the 4th quarter worth $68,000. Renaissance Technologies LLC increased its holdings in shares of Bitcoin Depot by 122.1% in the second quarter. Renaissance Technologies LLC now owns 47,300 shares of the company’s stock worth $85,000 after buying an additional 26,000 shares during the period. Privium Fund Management UK Ltd bought a new stake in shares of Bitcoin Depot in the 1st quarter valued at about $60,000. Shaolin Capital Management LLC boosted its holdings in Bitcoin Depot by 7.6% during the 1st 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, Cohanzick Management LLC increased its stake in 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 period. 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.