Bitcoin Depot Inc. (NASDAQ:BTM) Insider Brandon Taylor Mintz Sells 10,152 Shares of Stock

Bitcoin Depot Inc. (NASDAQ:BTM) insider Brandon Taylor Mintz sold 10,152 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $1.66, for a total value of $16,852.32. Following the completion of the sale, the insider now owns 496,702 shares in the company, valued at $824,525.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, July 1st, Brandon Taylor Mintz sold 17,454 shares of Bitcoin Depot stock. The shares were sold at an average price of $1.79, for a total value of $31,242.66.
• 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 Performance

Shares of NASDAQ BTM opened at $1.71 on Thursday. The business’s 50 day moving average price is $1.87 and its two-hundred day moving average price is $2.13. The company has a debt-to-equity ratio of 7.66, a current ratio of 1.16 and a quick ratio of 1.16. Bitcoin Depot Inc. has a twelve month low of $1.36 and a twelve month high of $4.49.

Bitcoin Depot (NASDAQ:BTM) last announced its quarterly 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). Bitcoin Depot had a negative return on equity of 483.86% and a negative net margin of 4.28%. The business had revenue of $138.54 million for the quarter, compared to analyst estimates of $132.85 million. Analysts predict that Bitcoin Depot Inc. will post 0.04 EPS for the current year.

Analysts Set New Price Targets

BTM has been the topic of several analyst reports. B. Riley dropped their target price on Bitcoin Depot from $6.00 to $4.00 and set a “buy” rating on the stock in a report on Tuesday, March 26th. HC Wainwright reiterated a “buy” rating and set a $4.00 target price on shares of Bitcoin Depot in a report on Tuesday, May 14th.

Hedge Funds Weigh In On Bitcoin Depot

Institutional investors and hedge funds have recently made changes to their positions in the company. Shaolin Capital Management LLC acquired a new position in shares of Bitcoin Depot in the third quarter valued at approximately $2,105,000. Cohanzick Management LLC grew its position in shares of Bitcoin Depot by 54.4% in the fourth quarter. Cohanzick Management LLC now owns 602,000 shares of the company’s stock valued at $1,944,000 after purchasing an additional 212,000 shares during the last quarter. Owl Creek Asset Management L.P. acquired a new position in shares of Bitcoin Depot in the fourth quarter valued at approximately $68,000. Radcliffe Capital Management L.P. acquired a new position in shares of Bitcoin Depot in the third quarter valued at approximately $1,075,000. Finally, Privium Fund Management UK Ltd bought a new stake in shares of Bitcoin Depot in the first quarter valued at approximately $60,000. Institutional investors and hedge funds 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.