Renaissance Technologies LLC Purchases 26,000 Shares of Bitcoin Depot Inc. (NASDAQ:BTM)

Renaissance Technologies LLC grew its position in shares of Bitcoin Depot Inc. (NASDAQ:BTM) by 122.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 47,300 shares of the company’s stock after buying an additional 26,000 shares during the quarter. Renaissance Technologies LLC’s holdings in Bitcoin Depot were worth $85,000 at the end of the most recent reporting period.

Separately, Privium Fund Management UK Ltd bought a new stake in shares of Bitcoin Depot during the first quarter valued at approximately $60,000. Institutional investors own 9.18% of the company’s stock.

Insider Activity at Bitcoin Depot

In other news, major shareholder Andrew Mitchell Paul acquired 38,560 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was bought at an average price of $1.70 per share, with a total value of $65,552.00. Following the transaction, the insider now directly owns 155,786 shares in the company, valued at approximately $264,836.20. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, COO Christopher Scott Buchanan sold 20,000 shares of Bitcoin Depot stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $1.56, for a total transaction of $31,200.00. Following the completion of the sale, the chief operating officer now owns 241,276 shares of the company’s stock, valued at approximately $376,390.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Andrew Mitchell Paul acquired 38,560 shares of the company’s stock in a transaction on Monday, August 12th. The stock was acquired at an average price of $1.70 per share, with a total value of $65,552.00. Following the purchase, the insider now directly owns 155,786 shares in the company, valued at approximately $264,836.20. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 155,786 shares of company stock valued at $257,817 and sold 70,100 shares valued at $109,637. 20.09% of the stock is owned by insiders.

Bitcoin Depot Trading Up 1.3 %

Shares of NASDAQ BTM opened at $1.52 on Tuesday. The company’s 50 day simple moving average is $1.59 and its 200 day simple moving average is $1.73. 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 firm has a market capitalization of $90.61 million, a P/E ratio of -0.81 and a beta of -0.35. Bitcoin Depot Inc. has a fifty-two week low of $1.33 and a fifty-two week high of $3.70.

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

Wall Street Analyst Weigh In

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