Bitcoin Depot Inc. (NASDAQ:BTM) Major Shareholder Purchases $162,354.64 in Stock

Bitcoin Depot Inc. (NASDAQ:BTM) major shareholder Andrew Mitchell Paul purchased 97,804 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were purchased at an average cost of $1.66 per share, with a total value of $162,354.64. Following the completion of the acquisition, the insider now directly owns 117,146 shares in the company, valued at $194,462.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more 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 bought 38,560 shares of Bitcoin Depot stock. The stock was bought at an average cost of $1.70 per share, with a total value of $65,552.00.
• On Monday, August 5th, Andrew Mitchell Paul bought 19,422 shares of Bitcoin Depot stock. The stock was bought at an average cost of $1.54 per share, with a total value of $29,909.88.

Bitcoin Depot Trading Down 3.8 %

NASDAQ BTM traded down $0.06 during trading on Monday, reaching $1.53. 44,541 shares of the stock traded hands, compared to its average volume of 214,148. The firm has a market cap of $91.21 million, a price-to-earnings ratio of -0.85 and a beta of -0.34. The stock’s 50-day moving average price is $1.64 and its 200 day moving average price is $1.83. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 9.33. Bitcoin Depot Inc. has a fifty-two week low of $1.33 and a fifty-two week high of $3.70.

Bitcoin Depot (NASDAQ:BTM) last issued 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). The firm had revenue of $163.07 million for the quarter, compared to analyst estimates of $148.49 million. Bitcoin Depot had a negative net margin of 3.10% and a negative return on equity of 307.37%. Analysts predict that Bitcoin Depot Inc. will post -0.09 EPS for the current year.

Analysts Set New Price Targets

Separately, HC Wainwright dropped 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 note on Thursday, August 15th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BTM. Privium Fund Management UK Ltd acquired a new position in shares of Bitcoin Depot in the first quarter valued at approximately $60,000. Owl Creek Asset Management L.P. acquired a new position in shares of Bitcoin Depot in the fourth quarter valued at approximately $68,000. Renaissance Technologies LLC boosted 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 valued at $85,000 after buying an additional 26,000 shares during the period. Shaolin Capital Management LLC boosted its holdings in shares of 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 buying an additional 49,600 shares during the period. Finally, Cohanzick Management LLC boosted its holdings in shares of 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 buying an additional 212,000 shares during the period. Institutional investors and hedge funds 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.