Bitcoin Depot (NASDAQ:BTM) Price Target Raised to $4.00

Bitcoin Depot (NASDAQ:BTM) had its price objective upped by HC Wainwright from $3.50 to $4.00 in a research note issued to investors on Wednesday,Benzinga reports. HC Wainwright currently has a buy rating on the stock. HC Wainwright also issued estimates for Bitcoin Depot’s Q1 2026 earnings at ($0.42) EPS, Q2 2026 earnings at ($0.28) EPS, Q3 2026 earnings at ($0.54) EPS, Q4 2026 earnings at ($0.62) EPS and FY2026 earnings at ($1.86) EPS.

A number of other research firms have also recently commented on BTM. Wall Street Zen cut shares of Bitcoin Depot from a “buy” rating to a “strong sell” rating in a report on Saturday, March 21st. B. Riley Financial upped their price objective on shares of Bitcoin Depot to $4.20 and gave the company a “neutral” rating in a report on Tuesday, March 17th. Noble Financial reissued an “outperform” rating on shares of Bitcoin Depot in a research report on Tuesday, March 17th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Bitcoin Depot in a research note on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $14.40.

Bitcoin Depot Price Performance

Shares of BTM opened at $2.02 on Wednesday. The firm has a market cap of $21.03 million, a PE ratio of 1.06 and a beta of 0.96. Bitcoin Depot has a 52-week low of $2.00 and a 52-week high of $48.16. The business’s 50 day moving average price is $5.60 and its two-hundred day moving average price is $12.57. The company has a debt-to-equity ratio of 4.72, a quick ratio of 1.26 and a current ratio of 1.26.

Bitcoin Depot (NASDAQ:BTM) last announced its quarterly earnings data on Monday, March 16th. The company reported ($1.18) EPS for the quarter, missing the consensus estimate of ($0.47) by ($0.71). The company had revenue of $116.04 million for the quarter, compared to analyst estimates of $113.93 million. Bitcoin Depot had a negative return on equity of 70.95% and a negative net margin of 0.94%.

Institutional Trading of Bitcoin Depot

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd acquired a new position in Bitcoin Depot during the fourth quarter worth $45,000. Aristides Capital LLC acquired a new position in shares of Bitcoin Depot during the fourth quarter valued at about $137,000. Invesco Ltd. grew its holdings in shares of Bitcoin Depot by 125.0% during the fourth quarter. Invesco Ltd. now owns 177,046 shares of the company’s stock valued at $228,000 after buying an additional 98,372 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Bitcoin Depot during the fourth quarter worth about $210,000. Finally, Owl Creek Asset Management L.P. bought a new stake in shares of Bitcoin Depot during the fourth quarter worth about $1,935,000. Institutional investors own 9.18% of the company’s stock.

About Bitcoin Depot

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.