Brandon Taylor Mintz Sells 17,454 Shares of Bitcoin Depot Inc. (NASDAQ:BTM) Stock

Bitcoin Depot Inc. (NASDAQ:BTM) insider Brandon Taylor Mintz sold 17,454 shares of Bitcoin Depot stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $1.79, for a total transaction of $31,242.66. Following the completion of the transaction, the insider now directly owns 529,248 shares in the company, valued at approximately $947,353.92. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, July 3rd, Brandon Taylor Mintz sold 10,152 shares of Bitcoin Depot stock. The stock was sold at an average price of $1.66, for a total transaction of $16,852.32.
• 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 value of $51,784.11.
• On Wednesday, May 29th, Brandon Taylor Mintz sold 600 shares of Bitcoin Depot stock. The stock was sold at an average price of $2.01, for a total value of $1,206.00.
• On Monday, May 6th, Brandon Taylor Mintz sold 7,125 shares of Bitcoin Depot stock. The stock was sold at an average price of $1.91, for a total value of $13,608.75.
• On Wednesday, April 24th, Brandon Taylor Mintz sold 2,906,976 shares of Bitcoin Depot stock. The stock was sold at an average price of $1.72, for a total value of $4,999,998.72.

Bitcoin Depot Stock Up 5.6 %

NASDAQ:BTM opened at $1.71 on Thursday. Bitcoin Depot Inc. has a 1-year low of $1.36 and a 1-year high of $4.49. The company has a debt-to-equity ratio of 7.66, a current ratio of 1.16 and a quick ratio of 1.16. The business’s fifty day moving average price is $1.87 and its 200 day moving average price is $2.13.

Bitcoin Depot (NASDAQ:BTM) last issued its earnings results on Tuesday, May 14th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.17). The business had revenue of $138.54 million during the quarter, compared to analyst estimates of $132.85 million. Bitcoin Depot had a negative net margin of 4.28% and a negative return on equity of 483.86%. As a group, equities research analysts expect that Bitcoin Depot Inc. will post 0.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BTM. B. Riley reduced their price objective on shares of Bitcoin Depot from $6.00 to $4.00 and set a “buy” rating for the company in a research note on Tuesday, March 26th. HC Wainwright restated a “buy” rating and issued a $4.00 price target on shares of Bitcoin Depot in a research report on Tuesday, May 14th.

Institutional Investors Weigh In On Bitcoin Depot

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Privium Fund Management UK Ltd purchased a new position in shares of Bitcoin Depot during the 1st quarter valued at $60,000. Owl Creek Asset Management L.P. acquired a new stake in Bitcoin Depot during the fourth quarter valued at $68,000. Radcliffe Capital Management L.P. purchased a new position in Bitcoin Depot in the third quarter valued at about $1,075,000. Shaolin Capital Management LLC increased its position in Bitcoin Depot by 7.6% in the 1st quarter. Shaolin Capital Management LLC now owns 699,600 shares of the company’s stock worth $1,326,000 after purchasing an additional 49,600 shares during the last quarter. Finally, Cohanzick Management LLC raised 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 in the last quarter. Hedge funds and other 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.