HC Wainwright Lifts Earnings Estimates for Bitcoin Depot

Bitcoin Depot Inc. (NASDAQ:BTM) – Equities researchers at HC Wainwright upped their Q1 2025 earnings per share (EPS) estimates for Bitcoin Depot in a note issued to investors on Tuesday, March 18th. HC Wainwright analyst M. Colonnese now forecasts that the company will post earnings of $0.02 per share for the quarter, up from their previous estimate of ($0.07). HC Wainwright has a “Buy” rating and a $4.00 price target on the stock. HC Wainwright also issued estimates for Bitcoin Depot’s Q4 2025 earnings at ($0.03) EPS and FY2025 earnings at $0.03 EPS.

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

Bitcoin Depot Price Performance

NASDAQ BTM opened at $1.38 on Friday. The company has a market capitalization of $83.34 million, a PE ratio of -1.48 and a beta of 0.10. The company has a debt-to-equity ratio of 9.33, a quick ratio of 0.91 and a current ratio of 0.91. The business’s fifty day moving average is $1.43 and its 200 day moving average is $1.60. Bitcoin Depot has a fifty-two week low of $0.93 and a fifty-two week high of $3.52.

Institutional Investors Weigh In On Bitcoin Depot

A number of institutional investors and hedge funds have recently bought and sold shares of BTM. Blue Owl Capital Holdings LP raised its holdings in Bitcoin Depot by 480.0% during the fourth quarter. Blue Owl Capital Holdings LP now owns 18,125 shares of the company’s stock valued at $29,000 after acquiring an additional 15,000 shares during the period. Walleye Capital LLC raised its holdings in Bitcoin Depot by 110.1% during the third quarter. Walleye Capital LLC now owns 23,542 shares of the company’s stock valued at $37,000 after acquiring an additional 12,337 shares during the period. Renaissance Technologies LLC raised its holdings in Bitcoin Depot by 96.4% during the fourth quarter. Renaissance Technologies LLC now owns 146,100 shares of the company’s stock valued at $237,000 after acquiring an additional 71,700 shares during the period. Two Sigma Advisers LP bought a new stake in Bitcoin Depot during the fourth quarter valued at about $267,000. Finally, 272 Capital LP bought a new stake in Bitcoin Depot during the third quarter valued at about $401,000. 9.18% of the stock is owned by 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.