Bitcoin Depot (NASDAQ:BTM) COO Christopher Scott Buchanan Sells 7,000 Shares

Bitcoin Depot Inc. (NASDAQ:BTM) COO Christopher Scott Buchanan sold 7,000 shares of Bitcoin Depot stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $3.82, for a total value of $26,740.00. Following the sale, the chief operating officer directly owned 133,276 shares in the company, valued at $509,114.32. The trade was a 4.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Christopher Scott Buchanan also recently made the following trade(s):

• On Friday, September 5th, Christopher Scott Buchanan sold 7,000 shares of Bitcoin Depot stock. The shares were sold at an average price of $3.52, for a total value of $24,640.00.
• On Thursday, August 14th, Christopher Scott Buchanan sold 22,000 shares of Bitcoin Depot stock. The stock was sold at an average price of $4.21, for a total value of $92,620.00.

Bitcoin Depot Trading Up 0.5%

Shares of Bitcoin Depot stock opened at $3.85 on Monday. Bitcoin Depot Inc. has a 52-week low of $0.93 and a 52-week high of $6.88. The firm has a market capitalization of $262.11 million, a PE ratio of 38.50 and a beta of 0.81. The company has a debt-to-equity ratio of 12.34, a current ratio of 1.41 and a quick ratio of 1.41. The company’s fifty day moving average price is $4.03 and its two-hundred day moving average price is $3.63.

Bitcoin Depot (NASDAQ:BTM) last released its quarterly earnings data on Tuesday, August 12th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). The business had revenue of $172.11 million for the quarter, compared to the consensus estimate of $168.00 million. Bitcoin Depot had a negative return on equity of 44.12% and a net margin of 0.44%.

Hedge Funds Weigh In On Bitcoin Depot

A number of institutional investors have recently modified their holdings of BTM. Bank of America Corp DE grew its stake in shares of Bitcoin Depot by 11,320.0% during the second quarter. Bank of America Corp DE now owns 9,707 shares of the company’s stock valued at $49,000 after purchasing an additional 9,622 shares during the last quarter. Cetera Investment Advisers bought a new position in Bitcoin Depot in the 2nd quarter worth approximately $51,000. Qube Research & Technologies Ltd bought a new position in Bitcoin Depot in the 2nd quarter valued at $74,000. Truist Financial Corp acquired a new stake in shares of Bitcoin Depot in the 2nd quarter valued at $71,000. Finally, Man Group plc bought a new stake in shares of Bitcoin Depot during the second quarter worth $84,000. 9.18% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BTM. Zacks Research cut Bitcoin Depot from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. HC Wainwright upped their price target on Bitcoin Depot from $5.00 to $6.50 and gave the company a “buy” rating in a research report on Wednesday, August 13th. B. Riley lifted their price objective on Bitcoin Depot from $5.50 to $6.00 and gave the company a “buy” rating in a report on Thursday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Bitcoin Depot in a report on Saturday, September 27th. Finally, Noble Financial reiterated an “outperform” rating on shares of Bitcoin Depot in a research report on Friday, June 13th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Bitcoin Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.83.

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.