Bitcoin Depot Inc. (NASDAQ:BTM) Major Shareholder Buys $29,909.88 in Stock

Bitcoin Depot Inc. (NASDAQ:BTM) major shareholder Andrew Mitchell Paul acquired 19,422 shares of Bitcoin Depot stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average cost of $1.54 per share, with a total value of $29,909.88. Following the completion of the purchase, the insider now owns 19,422 shares in the company, valued at approximately $29,909.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions 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 Friday, August 9th, Andrew Mitchell Paul bought 97,804 shares of Bitcoin Depot stock. The stock was bought at an average cost of $1.66 per share, with a total value of $162,354.64.

Bitcoin Depot Stock Performance

Shares of BTM opened at $1.55 on Thursday. The stock has a 50-day simple moving average of $1.64 and a 200-day simple moving average of $1.81. 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 capitalization of $93.17 million, a PE ratio of -0.83 and a beta of -0.34. Bitcoin Depot Inc. has a 1 year low of $1.33 and a 1 year high of $3.70.

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 the consensus estimate of $0.03 by ($0.16). The company had revenue of $163.07 million during 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%. On average, analysts predict that Bitcoin Depot Inc. will post -0.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Bitcoin Depot

Several hedge funds and other institutional investors have recently made changes to their positions in BTM. Cohanzick Management LLC raised its position in shares of Bitcoin Depot by 54.4% during the 4th 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 in the last quarter. Owl Creek Asset Management L.P. acquired a new stake in shares of Bitcoin Depot during the 4th quarter worth about $68,000. Privium Fund Management UK Ltd acquired a new stake in shares of Bitcoin Depot during the 1st quarter worth about $60,000. Shaolin Capital Management LLC increased 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 worth $1,326,000 after buying an additional 49,600 shares during the period. Finally, Renaissance Technologies LLC increased its position in Bitcoin Depot by 122.1% during 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. 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.