Bitcoin Depot Inc. (NASDAQ:BTM) Major Shareholder Buys $65,552.00 in Stock

Bitcoin Depot Inc. (NASDAQ:BTM) major shareholder Andrew Mitchell Paul bought 38,560 shares of Bitcoin Depot stock in a transaction that occurred on Monday, August 12th. The stock was bought at an average cost of $1.70 per share, with a total value of $65,552.00. Following the completion of the purchase, the insider now owns 155,786 shares in the company, valued at approximately $264,836.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% 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 Friday, August 9th, Andrew Mitchell Paul purchased 97,804 shares of Bitcoin Depot stock. The stock was purchased at an average price of $1.66 per share, for a total transaction of $162,354.64.
• On Monday, August 5th, Andrew Mitchell Paul acquired 19,422 shares of Bitcoin Depot stock. The shares were purchased at an average price of $1.54 per share, with a total value of $29,909.88.

Bitcoin Depot Stock Down 0.6 %

Bitcoin Depot stock opened at $1.55 on Thursday. The company has a fifty day simple moving average of $1.64 and a 200 day simple moving average of $1.81. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 9.33. Bitcoin Depot Inc. has a 1-year low of $1.33 and a 1-year high of $3.70. The company has a market cap of $93.17 million, a P/E ratio of -0.83 and a beta of -0.34.

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Bitcoin Depot

A number of institutional investors and hedge funds have recently made changes to their positions in BTM. Privium Fund Management UK Ltd bought a new position in shares of Bitcoin Depot in the first quarter valued at $60,000. Owl Creek Asset Management L.P. bought a new stake in Bitcoin Depot during the fourth quarter worth $68,000. Renaissance Technologies LLC lifted its stake in Bitcoin Depot by 122.1% in the second quarter. Renaissance Technologies LLC now owns 47,300 shares of the company’s stock valued at $85,000 after acquiring an additional 26,000 shares during the last quarter. Shaolin Capital Management LLC grew its position in shares of Bitcoin Depot by 7.6% in the 1st quarter. Shaolin Capital Management LLC now owns 699,600 shares of the company’s stock valued at $1,326,000 after acquiring an additional 49,600 shares during the period. Finally, Cohanzick Management LLC increased its stake 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 purchasing an additional 212,000 shares during the last quarter. Institutional investors own 9.18% of the company’s stock.

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.