Bitcoin Depot (NASDAQ:BTM) Receives “Buy” Rating from HC Wainwright

HC Wainwright restated their buy rating on shares of Bitcoin Depot (NASDAQ:BTM) in a research note published on Tuesday,Benzinga reports. They currently have a $4.00 price target on the stock. HC Wainwright also issued estimates for Bitcoin Depot’s Q2 2025 earnings at $0.05 EPS.

Bitcoin Depot Price Performance

Shares of NASDAQ BTM opened at $1.38 on Tuesday. Bitcoin Depot has a twelve month low of $0.93 and a twelve month high of $3.52. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 9.33. The company has a market capitalization of $83.34 million, a price-to-earnings ratio of -1.48 and a beta of 0.10. The business has a 50 day simple moving average of $1.43 and a 200-day simple moving average of $1.60.

Institutional Investors Weigh In On Bitcoin Depot

Institutional investors have recently made changes to their positions in the company. Blue Owl Capital Holdings LP increased its holdings in shares of Bitcoin Depot by 480.0% in the 4th quarter. Blue Owl Capital Holdings LP now owns 18,125 shares of the company’s stock valued at $29,000 after acquiring an additional 15,000 shares during the last quarter. Walleye Capital LLC increased its holdings in shares of Bitcoin Depot by 110.1% in the 3rd quarter. Walleye Capital LLC now owns 23,542 shares of the company’s stock valued at $37,000 after acquiring an additional 12,337 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Bitcoin Depot by 96.4% in the 4th 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 during the last quarter. Two Sigma Advisers LP bought a new stake in shares of Bitcoin Depot in the 4th quarter valued at approximately $267,000. Finally, 272 Capital LP acquired a new position in Bitcoin Depot during the 3rd quarter valued at approximately $401,000. 9.18% of the stock is currently owned by institutional investors.

About Bitcoin Depot

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.