Q1 EPS Estimates for Bitcoin Depot Lifted by HC Wainwright

Bitcoin Depot Inc. (NASDAQ:BTM) – Analysts at HC Wainwright raised their Q1 2025 earnings per share estimates for Bitcoin Depot in a research report issued on Tuesday, March 18th. HC Wainwright analyst M. Colonnese now expects that the company will earn $0.02 per share for the quarter, up from their prior forecast of ($0.07). HC Wainwright has a “Buy” rating and a $4.00 price objective on the stock. HC Wainwright also issued estimates for Bitcoin Depot’s Q4 2025 earnings at ($0.03) EPS and FY2025 earnings at $0.03 EPS.

Separately, B. Riley reissued a “buy” rating and set a $4.70 price target (up previously from $4.50) on shares of Bitcoin Depot in a research report on Wednesday.

Bitcoin Depot Price Performance

BTM opened at $1.36 on Friday. The stock’s 50-day moving average price is $1.43 and its 200 day moving average price is $1.60. Bitcoin Depot has a 12-month low of $0.93 and a 12-month high of $3.52. The firm has a market cap of $82.13 million, a price-to-earnings ratio of -1.46 and a beta of 0.10. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 9.33.

Institutional Trading of Bitcoin Depot

Hedge funds have recently modified their holdings of the stock. Blue Owl Capital Holdings LP increased its holdings in Bitcoin Depot by 480.0% during the 4th quarter. Blue Owl Capital Holdings LP now owns 18,125 shares of the company’s stock worth $29,000 after purchasing an additional 15,000 shares during the period. Walleye Capital LLC increased its stake in shares of Bitcoin Depot by 110.1% during the third quarter. Walleye Capital LLC now owns 23,542 shares of the company’s stock worth $37,000 after buying an additional 12,337 shares during the period. Renaissance Technologies LLC raised its holdings in Bitcoin Depot by 96.4% in the fourth quarter. Renaissance Technologies LLC now owns 146,100 shares of the company’s stock valued at $237,000 after acquiring an additional 71,700 shares in the last quarter. Two Sigma Advisers LP purchased a new position in Bitcoin Depot in the fourth quarter worth approximately $267,000. Finally, 272 Capital LP acquired a new position in Bitcoin Depot during the 3rd quarter worth approximately $401,000. 9.18% of the stock is currently owned by institutional investors and hedge funds.

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.