Andrew Mitchell Paul Acquires 97,804 Shares of Bitcoin Depot Inc. (NASDAQ:BTM) Stock

Bitcoin Depot Inc. (NASDAQ:BTM) major shareholder Andrew Mitchell Paul acquired 97,804 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were bought at an average price of $1.66 per share, for a total transaction of $162,354.64. Following the acquisition, the insider now owns 117,146 shares of the company’s stock, valued at $194,462.36. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 acquired 38,560 shares of Bitcoin Depot stock. The shares were bought at an average price of $1.70 per share, for a total transaction of $65,552.00.
• On Monday, August 5th, Andrew Mitchell Paul acquired 19,422 shares of Bitcoin Depot stock. The shares were bought at an average price of $1.54 per share, for a total transaction of $29,909.88.

Bitcoin Depot Price Performance

Shares of NASDAQ BTM opened at $1.56 on Wednesday. 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 firm’s 50 day simple moving average is $1.64 and its 200-day simple moving average is $1.81. Bitcoin Depot Inc. has a 12 month low of $1.33 and a 12 month high of $3.70. The stock has a market capitalization of $93.00 million, a price-to-earnings ratio of -0.83 and a beta of -0.34.

Bitcoin Depot (NASDAQ:BTM) last released its quarterly earnings results 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 business had revenue of $163.07 million during the quarter, compared to analyst estimates of $148.49 million. Bitcoin Depot had a negative return on equity of 307.37% and a negative net margin of 3.10%. Analysts expect that Bitcoin Depot Inc. will post -0.09 EPS for the current year.

Institutional Investors Weigh In On Bitcoin Depot

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Privium Fund Management UK Ltd purchased a new position in Bitcoin Depot during the first quarter valued at $60,000. Owl Creek Asset Management L.P. acquired a new position in shares of Bitcoin Depot during the 4th quarter worth about $68,000. Renaissance Technologies LLC lifted its stake in Bitcoin Depot by 122.1% in the 2nd 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 in the last quarter. Shaolin Capital Management LLC boosted its holdings in Bitcoin Depot by 7.6% in the 1st 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 last quarter. Finally, Cohanzick Management LLC increased its stake in 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 buying an additional 212,000 shares in the last quarter. Hedge funds and other institutional investors own 9.18% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.