Northland Capmk Upgrades Bitcoin Depot (NASDAQ:BTM) to Strong-Buy

Bitcoin Depot (NASDAQ:BTM) was upgraded by research analysts at Northland Capmk from a “hold” rating to a “strong-buy” rating in a report released on Friday,Zacks.com reports. Northland Capmk also issued estimates for Bitcoin Depot’s Q4 2025 earnings at $0.04 EPS.

Other equities analysts have also issued research reports about the company. Northland Securities raised Bitcoin Depot from a “market perform” rating to an “outperform” rating and set a $5.00 target price for the company in a research report on Friday. B. Riley increased their target price on shares of Bitcoin Depot from $4.70 to $5.50 and gave the stock a “buy” rating in a report on Friday. Finally, HC Wainwright restated a “buy” rating and set a $4.00 target price on shares of Bitcoin Depot in a research note on Tuesday, March 18th. Three analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $4.83.

Bitcoin Depot Stock Up 28.2%

Shares of NASDAQ BTM opened at $2.68 on Friday. Bitcoin Depot 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 firm’s 50 day simple moving average is $1.45 and its two-hundred day simple moving average is $1.58. The stock has a market capitalization of $171.36 million, a P/E ratio of -2.88 and a beta of -0.27.

Bitcoin Depot (NASDAQ:BTM) last issued its earnings results on Thursday, May 15th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate 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%.

Insider Buying and Selling

In other news, COO Christopher Scott Buchanan sold 20,476 shares of the firm’s stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $1.33, for a total value of $27,233.08. Following the transaction, the chief operating officer now owns 169,276 shares in the company, valued at $225,137.08. This trade represents a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 70.23% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bitcoin Depot

A number of institutional investors have recently added to or reduced their stakes in BTM. Welch Capital Partners LLC NY raised its position in Bitcoin Depot by 85.1% in the first quarter. Welch Capital Partners LLC NY now owns 966,250 shares of the company’s stock valued at $1,459,000 after purchasing an additional 444,177 shares during the period. Radcliffe Capital Management L.P. grew its stake in shares of Bitcoin Depot by 134.3% in the fourth 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 in the last quarter. Two Sigma Investments LP acquired a new stake in shares of Bitcoin Depot in the fourth quarter valued at $427,000. Two Sigma Advisers LP acquired a new position in Bitcoin Depot during the 4th quarter worth $267,000. Finally, Renaissance Technologies LLC grew its stake in Bitcoin Depot by 96.4% during the 4th quarter. Renaissance Technologies LLC now owns 146,100 shares of the company’s stock worth $237,000 after purchasing an additional 71,700 shares in the last quarter. Hedge funds and other institutional investors 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.