Andrew Mitchell Paul Purchases 19,422 Shares of Bitcoin Depot Inc. (NASDAQ:BTM) Stock

Bitcoin Depot Inc. (NASDAQ:BTM) major shareholder Andrew Mitchell Paul bought 19,422 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was bought at an average cost of $1.54 per share, for a total transaction of $29,909.88. Following the completion of the purchase, the insider now owns 19,422 shares of the company’s stock, valued at approximately $29,909.88. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases 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 price of $1.70 per share, for a total transaction of $65,552.00.
• On Friday, August 9th, Andrew Mitchell Paul bought 97,804 shares of Bitcoin Depot stock. The stock was purchased at an average cost of $1.66 per share, with a total value of $162,354.64.

Bitcoin Depot Stock Performance

NASDAQ BTM traded down $0.06 during trading hours on Monday, hitting $1.53. The company’s stock had a trading volume of 37,341 shares, compared to its average volume of 214,148. Bitcoin Depot Inc. has a 12 month low of $1.33 and a 12 month high of $3.70. The company’s 50 day simple moving average is $1.64 and its two-hundred day simple moving average is $1.83. The company has a debt-to-equity ratio of 9.33, a current ratio of 1.16 and a quick ratio of 1.16. 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 (NASDAQ:BTM) last announced its quarterly earnings data on Thursday, August 15th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.16). Bitcoin Depot had a negative net margin of 3.10% and a negative return on equity of 307.37%. The company had revenue of $163.07 million for the quarter, compared to the consensus estimate of $148.49 million. As a group, sell-side analysts expect that Bitcoin Depot Inc. will post -0.09 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, HC Wainwright reduced their price target 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.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BTM. Owl Creek Asset Management L.P. purchased a new position in shares of Bitcoin Depot in the 4th quarter worth $68,000. Privium Fund Management UK Ltd bought a new position in shares of Bitcoin Depot in the 1st quarter valued at about $60,000. Renaissance Technologies LLC grew its position in 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 acquiring an additional 26,000 shares in the last quarter. Cohanzick Management LLC increased its stake in Bitcoin Depot by 54.4% during the fourth quarter. Cohanzick Management LLC now owns 602,000 shares of the company’s stock worth $1,944,000 after acquiring an additional 212,000 shares during the last quarter. Finally, Shaolin Capital Management LLC raised its position in 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 purchasing an additional 49,600 shares during the period. Hedge funds and other 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.