Bitcoin Depot (NASDAQ:BTM) Downgraded to “Market Perform” Rating by Noble Financial

Posted by George Bondi on May 14th, 2026

Noble Financial downgraded shares of Bitcoin Depot (NASDAQ:BTM – Free Report) from an outperform rating to a market perform rating in a research report report published on Wednesday, Marketbeat reports.

A number of other brokerages have also recently issued reports on BTM. Weiss Ratings reissued a “sell (d+)” rating on shares of Bitcoin Depot in a report on Wednesday, January 21st. HC Wainwright raised their price target on shares of Bitcoin Depot from $3.50 to $4.00 and gave the company a “buy” rating in a research note on Wednesday, March 25th. B. Riley Financial raised their price target on shares of Bitcoin Depot to $4.20 and gave the company a “neutral” rating in a research note on Tuesday, March 17th. Finally, Wall Street Zen lowered shares of Bitcoin Depot from a “sell” rating to a “strong sell” rating in a research note on Sunday, April 19th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $14.40.

View Our Latest Analysis on BTM

Bitcoin Depot Stock Performance

Shares of NASDAQ BTM opened at $2.62 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 4.72. The firm’s 50-day moving average price is $4.30 and its two-hundred day moving average price is $8.14. Bitcoin Depot has a 52-week low of $1.90 and a 52-week high of $48.16. The stock has a market capitalization of $29.16 million, a P/E ratio of 1.38 and a beta of 3.12.

Bitcoin Depot (NASDAQ:BTM – Get Free Report) last issued its earnings results on Monday, March 16th. The company reported ($1.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.47) by ($0.71). Bitcoin Depot had a negative return on equity of 70.95% and a negative net margin of 0.94%.The business had revenue of $116.04 million during the quarter, compared to the consensus estimate of $113.93 million. As a group, sell-side analysts forecast that Bitcoin Depot will post -2.12 earnings per share for the current year.

Institutional Investors Weigh In On Bitcoin Depot

Several large investors have recently made changes to their positions in BTM. Geode Capital Management LLC increased its stake in shares of Bitcoin Depot by 35.9% in the second quarter. Geode Capital Management LLC now owns 171,606 shares of the company’s stock valued at $870,000 after purchasing an additional 45,300 shares during the period. Cetera Investment Advisers acquired a new stake in shares of Bitcoin Depot in the second quarter valued at approximately $51,000. JPMorgan Chase & Co. increased its stake in shares of Bitcoin Depot by 591,055.6% during the second quarter. JPMorgan Chase & Co. now owns 159,612 shares of the company’s stock valued at $809,000 after acquiring an additional 159,585 shares during the period. Quantbot Technologies LP acquired a new position in shares of Bitcoin Depot during the second quarter valued at approximately $205,000. Finally, Invesco Ltd. acquired a new position in shares of Bitcoin Depot during the second quarter valued at approximately $242,000. Institutional investors and hedge funds own 9.18% of the company’s stock.

Bitcoin Depot Company Profile

(Get Free Report)

Bitcoin Depot, Inc operates one of the largest networks of self-service cryptocurrency kiosks in North America, enabling customers to buy and sell Bitcoin and other digital assets using cash or debit cards. Through a partnership model with convenience stores, gas stations and retail outlets, the company provides an accessible on-ramp and off-ramp for individuals entering the cryptocurrency market without requiring a bank account or extensive technical knowledge. Transactions are completed in real time at the point of sale, with verification and receipt provided via email or mobile phone.

Founded in 2016 and headquartered in Atlanta, Georgia, Bitcoin Depot began as a privately held startup focused on expanding retail access to digital currencies.