Bitcoin Depot Inc. (NASDAQ:BTM) Insider Brandon Taylor Mintz Sells 17,454 Shares of Stock

Bitcoin Depot Inc. (NASDAQ:BTM) insider Brandon Taylor Mintz sold 17,454 shares of Bitcoin Depot stock in a transaction on Monday, July 1st. The shares were sold at an average price of $1.79, for a total value of $31,242.66. Following the sale, the insider now directly owns 529,248 shares of the company’s stock, valued at $947,353.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Wednesday, July 3rd, Brandon Taylor Mintz sold 10,152 shares of Bitcoin Depot stock. The shares were sold at an average price of $1.66, for a total transaction of $16,852.32.
• On Monday, June 3rd, Brandon Taylor Mintz sold 27,399 shares of Bitcoin Depot stock. The stock was 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 shares were sold at an average price of $1.91, for a total transaction 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 Up 5.6 %

Bitcoin Depot stock opened at $1.71 on Thursday. Bitcoin Depot Inc. has a 52 week low of $1.36 and a 52 week high of $4.49. The business’s 50-day moving average price is $1.87 and its 200 day moving average price is $2.13. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 7.66.

Bitcoin Depot (NASDAQ:BTM) last issued its quarterly earnings data on Tuesday, May 14th. The company reported ($0.25) EPS 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 firm had revenue of $138.54 million for the quarter, compared to analyst estimates of $132.85 million. Sell-side analysts predict that Bitcoin Depot Inc. will post 0.04 EPS for the current fiscal year.

Analysts Set New Price Targets

BTM has been the topic of a number of recent research 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 research report on Tuesday, March 26th. HC Wainwright reissued a “buy” rating and set a $4.00 target price on shares of Bitcoin Depot in a report on Tuesday, May 14th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Shaolin Capital Management LLC acquired a new stake in shares of Bitcoin Depot during the 3rd quarter valued at about $11,244,000. Radcliffe Capital Management L.P. purchased a new position in Bitcoin Depot during the third quarter worth approximately $1,075,000. Cohanzick Management LLC grew its holdings in 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 period. Privium Fund Management UK Ltd acquired a new position in shares of Bitcoin Depot during the 1st quarter worth approximately $60,000. Finally, Owl Creek Asset Management L.P. purchased a new stake in Bitcoin Depot in the 4th quarter worth $68,000. Hedge funds and other institutional investors own 9.18% 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.