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

Bitcoin Depot Inc. (NASDAQ:BTM) major shareholder Andrew Mitchell Paul purchased 38,560 shares of the business’s stock in a transaction on Monday, August 12th. The stock was purchased at an average cost of $1.70 per share, for a total transaction of $65,552.00. Following the acquisition, the insider now owns 155,786 shares in the company, valued at $264,836.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases 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 shares were acquired at an average cost of $1.66 per share, with a total value of $162,354.64.
• On Monday, August 5th, Andrew Mitchell Paul purchased 19,422 shares of Bitcoin Depot stock. The stock was acquired at an average cost of $1.54 per share, with a total value of $29,909.88.

Bitcoin Depot Stock Down 3.8 %

Shares of BTM traded down $0.06 on Monday, reaching $1.53. The stock had a trading volume of 44,541 shares, compared to its average volume of 214,148. The company has a debt-to-equity ratio of 9.33, a quick ratio of 1.16 and a current ratio of 1.16. Bitcoin Depot Inc. has a 12-month low of $1.33 and a 12-month high of $3.70. The firm has a market capitalization of $91.21 million, a price-to-earnings ratio of -0.82 and a beta of -0.34. The company has a 50-day simple moving average of $1.64 and a 200-day simple moving average of $1.83.

Bitcoin Depot (NASDAQ:BTM) last announced its quarterly earnings data on Thursday, August 15th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $163.07 million for the quarter, compared to analysts’ expectations of $148.49 million. Sell-side analysts predict that Bitcoin Depot Inc. will post -0.09 EPS for the current year.

Institutional Investors Weigh In On Bitcoin Depot

Several hedge funds have recently bought and sold shares of BTM. Shaolin Capital Management LLC boosted its holdings in Bitcoin Depot by 7.6% in the first quarter. Shaolin Capital Management LLC now owns 699,600 shares of the company’s stock worth $1,326,000 after acquiring an additional 49,600 shares in the last quarter. Cohanzick Management LLC raised its holdings in Bitcoin Depot by 54.4% in the fourth 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 during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Bitcoin Depot by 122.1% in the second quarter. Renaissance Technologies LLC now owns 47,300 shares of the company’s stock worth $85,000 after buying an additional 26,000 shares in the last quarter. Privium Fund Management UK Ltd purchased a new stake in shares of Bitcoin Depot during the first quarter valued at approximately $60,000. Finally, Owl Creek Asset Management L.P. bought a new position in Bitcoin Depot in the 4th quarter valued at approximately $68,000. Institutional investors own 9.18% of the company’s stock.

Wall Street Analyst Weigh In

Separately, HC Wainwright decreased their price objective on shares of Bitcoin Depot from $4.00 to $3.50 and set a “buy” rating for the company 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.