Bitcoin Depot Inc. (NASDAQ:BTM) Insider Sells $15,500.00 in Stock

Bitcoin Depot Inc. (NASDAQ:BTM) insider Brandon Taylor Mintz sold 10,000 shares of Bitcoin Depot stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $1.55, for a total value of $15,500.00. Following the sale, the insider now directly owns 469,248 shares of the company’s stock, valued at approximately $727,334.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Brandon Taylor Mintz also recently made the following trade(s):

• On Thursday, August 1st, Brandon Taylor Mintz sold 9,771 shares of Bitcoin Depot stock. The stock was sold at an average price of $1.66, for a total transaction of $16,219.86.
• On Wednesday, July 3rd, Brandon Taylor Mintz sold 10,152 shares of Bitcoin Depot stock. The stock was sold at an average price of $1.66, for a total value of $16,852.32.
• On Monday, July 1st, Brandon Taylor Mintz sold 17,454 shares of Bitcoin Depot stock. The stock was sold at an average price of $1.79, for a total transaction of $31,242.66.

Bitcoin Depot Price Performance

Bitcoin Depot stock traded down $0.09 during midday trading on Monday, reaching $1.48. The company had a trading volume of 147,040 shares, compared to its average volume of 222,918. Bitcoin Depot Inc. has a 12-month low of $1.33 and a 12-month high of $3.70. The firm’s fifty day simple moving average is $1.66 and its 200-day simple moving average is $1.89. 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 capitalization of $88.96 million, a P/E ratio of -0.75 and a beta of -0.34.

Bitcoin Depot (NASDAQ:BTM) last posted its quarterly earnings results on Thursday, August 15th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.16). The business had revenue of $163.07 million during the quarter, compared to analysts’ expectations of $148.49 million. Bitcoin Depot had a negative return on equity of 307.37% and a negative net margin of 3.10%. As a group, equities analysts anticipate that Bitcoin Depot Inc. will post -0.09 EPS for the current year.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Bitcoin Depot

A number of institutional investors have recently added to or reduced their stakes in BTM. 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. Shaolin Capital Management LLC increased its position in shares of Bitcoin Depot by 7.6% during the 1st quarter. Shaolin Capital Management LLC now owns 699,600 shares of the company’s stock worth $1,326,000 after purchasing an additional 49,600 shares during the last quarter. Privium Fund Management UK Ltd purchased a new stake in Bitcoin Depot in the 1st quarter valued at about $60,000. Renaissance Technologies LLC lifted its holdings in shares of Bitcoin Depot by 122.1% in the 2nd quarter. Renaissance Technologies LLC now owns 47,300 shares of the company’s stock worth $85,000 after acquiring an additional 26,000 shares during the last quarter. Finally, Owl Creek Asset Management L.P. purchased a new position in shares of Bitcoin Depot during the fourth quarter worth $68,000. Hedge funds and other institutional investors 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.