Bitcoin Depot Inc. (NASDAQ:BTM) Insider Brandon Taylor Mintz Sells 10,152 Shares

Bitcoin Depot Inc. (NASDAQ:BTM) insider Brandon Taylor Mintz sold 10,152 shares of Bitcoin Depot stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $1.66, for a total transaction of $16,852.32. Following the transaction, the insider now directly owns 496,702 shares in the company, valued at $824,525.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, July 1st, Brandon Taylor Mintz sold 17,454 shares of Bitcoin Depot stock. The shares were sold at an average price of $1.79, for a total transaction of $31,242.66.
• On Monday, June 3rd, Brandon Taylor Mintz sold 27,399 shares of Bitcoin Depot stock. The shares were sold at an average price of $1.89, for a total transaction of $51,784.11.
• On Wednesday, May 29th, Brandon Taylor Mintz sold 600 shares of Bitcoin Depot stock. The shares were sold at an average price of $2.01, for a total transaction of $1,206.00.
• On Monday, May 6th, Brandon Taylor Mintz sold 7,125 shares of Bitcoin Depot stock. The shares were sold at an average price of $1.91, for a total transaction of $13,608.75.
• On Wednesday, April 24th, Brandon Taylor Mintz sold 2,906,976 shares of Bitcoin Depot stock. The shares were sold at an average price of $1.72, for a total transaction of $4,999,998.72.

Bitcoin Depot Price Performance

NASDAQ BTM opened at $1.71 on Friday. The firm’s fifty day simple moving average is $1.87 and its two-hundred day simple moving average is $2.13. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 7.66. Bitcoin Depot Inc. has a 12-month low of $1.36 and a 12-month high of $4.49.

Bitcoin Depot (NASDAQ:BTM) last released its quarterly earnings results on Tuesday, May 14th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.17). The firm had revenue of $138.54 million during the quarter, compared to analysts’ expectations of $132.85 million. Bitcoin Depot had a negative return on equity of 483.86% and a negative net margin of 4.28%. On average, sell-side analysts expect that Bitcoin Depot Inc. will post 0.04 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. HC Wainwright reaffirmed a “buy” rating and issued a $4.00 price target on shares of Bitcoin Depot in a report on Tuesday, May 14th. B. Riley cut their price target on shares of Bitcoin Depot from $6.00 to $4.00 and set a “buy” rating on the stock in a report on Tuesday, March 26th.

Institutional Investors Weigh In On Bitcoin Depot

A number of large investors have recently made changes to their positions in the stock. Shaolin Capital Management LLC grew its holdings in shares of Bitcoin Depot by 7.6% during the first quarter. Shaolin Capital Management LLC now owns 699,600 shares of the company’s stock valued at $1,326,000 after buying an additional 49,600 shares during the last quarter. Privium Fund Management UK Ltd acquired 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 Bitcoin Depot during the fourth quarter valued at $68,000. Cohanzick Management LLC lifted its position in Bitcoin Depot by 54.4% during the fourth quarter. Cohanzick Management LLC now owns 602,000 shares of the company’s stock valued at $1,944,000 after purchasing an additional 212,000 shares during the period. Finally, Radcliffe Capital Management L.P. acquired a new position in Bitcoin Depot during the third quarter valued at $1,075,000. 9.18% of the stock is owned by hedge funds and other institutional investors.

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.