AWM Investment Company Inc. Has $1.32 Million Stake in Bitcoin Depot Inc. (NASDAQ:BTM)

AWM Investment Company Inc. lowered its holdings in Bitcoin Depot Inc. (NASDAQ:BTM) by 12.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 817,305 shares of the company’s stock after selling 119,697 shares during the quarter. AWM Investment Company Inc.’s holdings in Bitcoin Depot were worth $1,324,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in BTM. Blue Owl Capital Holdings LP boosted its position in Bitcoin Depot by 480.0% in the 4th quarter. Blue Owl Capital Holdings LP now owns 18,125 shares of the company’s stock valued at $29,000 after buying an additional 15,000 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Bitcoin Depot by 96.4% during the fourth quarter. Renaissance Technologies LLC now owns 146,100 shares of the company’s stock worth $237,000 after acquiring an additional 71,700 shares during the last quarter. Radcliffe Capital Management L.P. lifted its stake in shares of Bitcoin Depot by 134.3% during the fourth quarter. Radcliffe Capital Management L.P. now owns 285,835 shares of the company’s stock valued at $463,000 after acquiring an additional 163,854 shares during the period. Two Sigma Advisers LP bought a new position in Bitcoin Depot in the fourth quarter valued at about $267,000. Finally, Two Sigma Investments LP acquired a new stake in Bitcoin Depot in the fourth quarter worth about $427,000. Institutional investors own 9.18% of the company’s stock.

Bitcoin Depot Price Performance

Bitcoin Depot stock opened at $2.94 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 9.33. The firm has a market capitalization of $187.98 million, a P/E ratio of -3.16 and a beta of -0.27. The business has a 50-day moving average of $1.52 and a 200-day moving average of $1.60. Bitcoin Depot Inc. has a 1 year low of $0.93 and a 1 year high of $3.52.

Bitcoin Depot (NASDAQ:BTM) last issued its quarterly earnings data on Thursday, May 15th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. The firm had revenue of $164.23 million during the quarter, compared to analysts’ expectations of $151.67 million.

Insider Activity

In related news, COO Christopher Scott Buchanan sold 29,524 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $1.44, for a total transaction of $42,514.56. Following the completion of the sale, the chief operating officer now directly owns 189,752 shares of the company’s stock, valued at approximately $273,242.88. This represents a 13.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 70.23% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

BTM has been the subject of several recent research reports. Northland Securities raised Bitcoin Depot from a “market perform” rating to an “outperform” rating and set a $5.00 price objective for the company in a report on Friday, May 16th. Northland Capmk raised shares of Bitcoin Depot from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 16th. B. Riley raised their price objective on shares of Bitcoin Depot from $4.70 to $5.50 and gave the company a “buy” rating in a research note on Friday, May 16th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $4.00 target price on shares of Bitcoin Depot in a report on Tuesday, March 18th. Three equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $4.83.

Bitcoin Depot 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.