AWM Investment Company Inc. Sells 119,697 Shares of Bitcoin Depot Inc. (NASDAQ:BTM)

AWM Investment Company Inc. lowered its stake in Bitcoin Depot Inc. (NASDAQ:BTM) by 12.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 817,305 shares of the company’s stock after selling 119,697 shares during the period. AWM Investment Company Inc. owned approximately 1.35% of Bitcoin Depot worth $1,324,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Welch Capital Partners LLC NY grew its position in shares of Bitcoin Depot by 480.1% in the fourth 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 during the last quarter. Two Sigma Investments LP bought a new stake in Bitcoin Depot during the 4th quarter valued at approximately $427,000. Two Sigma Advisers LP bought a new stake in Bitcoin Depot during the 4th quarter valued at approximately $267,000. Radcliffe Capital Management L.P. grew its holdings in 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 buying an additional 163,854 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in Bitcoin Depot by 96.4% in the 4th quarter. Renaissance Technologies LLC now owns 146,100 shares of the company’s stock worth $237,000 after buying an additional 71,700 shares during the period. Institutional investors own 9.18% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on BTM. Northland Securities raised Bitcoin Depot from a “market perform” rating to an “outperform” rating and set a $5.00 price objective for the company in a research report on Friday, May 16th. B. Riley increased their price target on shares of Bitcoin Depot from $4.70 to $5.50 and gave the company a “buy” rating in a report on Friday, May 16th. Northland Capmk upgraded shares of Bitcoin Depot from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 16th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $4.00 price objective on shares of Bitcoin Depot in a research report on Tuesday, March 18th. Three investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Bitcoin Depot has an average rating of “Buy” and a consensus price target of $4.83.

Bitcoin Depot Stock Down 2.0%

Shares of BTM stock opened at $2.94 on Wednesday. Bitcoin Depot Inc. has a one year low of $0.93 and a one year high of $3.52. The company has a debt-to-equity ratio of 9.33, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a fifty day moving average price of $1.52 and a 200 day moving average price of $1.60. The stock has a market cap of $187.98 million, a P/E ratio of -3.16 and a beta of -0.27.

Bitcoin Depot (NASDAQ:BTM) last released its quarterly earnings data on Thursday, May 15th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.11. Bitcoin Depot had a negative net margin of 2.28% and a negative return on equity of 488.33%. The company had revenue of $164.23 million during the quarter, compared to the consensus estimate of $151.67 million.

Insider Buying and Selling

In other Bitcoin Depot news, COO Christopher Scott Buchanan sold 20,476 shares of Bitcoin Depot stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $1.33, for a total transaction of $27,233.08. Following the completion of the transaction, the chief operating officer now directly owns 169,276 shares of the company’s stock, valued at approximately $225,137.08. This trade represents a 10.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 70.23% of the company’s stock.

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.