HC Wainwright Cuts Earnings Estimates for Bitcoin Depot

Bitcoin Depot Inc. (NASDAQ:BTM) – Research analysts at HC Wainwright cut their Q2 2025 EPS estimates for shares of Bitcoin Depot in a note issued to investors on Tuesday, March 18th. HC Wainwright analyst M. Colonnese now anticipates that the company will earn $0.05 per share for the quarter, down from their previous forecast of $0.10. HC Wainwright has a “Buy” rating and a $4.00 price objective on the stock.

Separately, B. Riley restated a “buy” rating and set a $4.70 price target (up previously from $4.50) on shares of Bitcoin Depot in a report on Wednesday.

Bitcoin Depot Stock Performance

Shares of NASDAQ:BTM opened at $1.36 on Thursday. 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 50-day moving average price of $1.43 and a 200-day moving average price of $1.60. The company has a market cap of $82.13 million, a price-to-earnings ratio of -1.46 and a beta of 0.10. Bitcoin Depot has a 12 month low of $0.93 and a 12 month high of $3.52.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Welch Capital Partners LLC NY boosted its stake in shares of Bitcoin Depot by 480.1% during the 4th quarter. Welch Capital Partners LLC NY now owns 522,073 shares of the company’s stock valued at $846,000 after purchasing an additional 432,073 shares in the last quarter. Two Sigma Investments LP purchased a new position in shares of Bitcoin Depot during the 4th quarter worth approximately $427,000. 272 Capital LP bought a new position in shares of Bitcoin Depot in the 3rd quarter worth approximately $401,000. Two Sigma Advisers LP purchased a new position in shares of Bitcoin Depot in the 4th quarter valued at approximately $267,000. Finally, Radcliffe Capital Management L.P. lifted its stake in shares of Bitcoin Depot by 134.3% in the 4th quarter. Radcliffe Capital Management L.P. now owns 285,835 shares of the company’s stock valued at $463,000 after purchasing an additional 163,854 shares during the period. 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.