Q2 EPS Estimates for Bitcoin Depot Lowered by HC Wainwright

Bitcoin Depot Inc. (NASDAQ:BTM) – Equities researchers at HC Wainwright reduced their Q2 2025 earnings per share estimates for Bitcoin Depot in a note issued to investors on Tuesday, March 18th. HC Wainwright analyst M. Colonnese now expects that the company will earn $0.05 per share for the quarter, down from their previous forecast of $0.10. HC Wainwright has a “Buy” rating and a $4.00 price objective on the stock.

Separately, B. Riley restated a “buy” rating and issued a $4.70 price objective (up previously from $4.50) on shares of Bitcoin Depot in a research note on Wednesday.

Bitcoin Depot Price Performance

NASDAQ:BTM opened at $1.41 on Thursday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 9.33. The stock’s 50 day moving average price is $1.44 and its two-hundred day moving average price is $1.61. The firm has a market capitalization of $85.15 million, a price-to-earnings ratio of -1.52 and a beta of 0.10. Bitcoin Depot has a 12-month low of $0.93 and a 12-month high of $3.52.

Hedge Funds Weigh In On Bitcoin Depot

Hedge funds have recently added to or reduced their stakes in the stock. 272 Capital LP acquired a new stake in shares of Bitcoin Depot in the 3rd quarter valued at $401,000. Walleye Capital LLC boosted its holdings in shares of Bitcoin Depot by 110.1% in the 3rd quarter. Walleye Capital LLC now owns 23,542 shares of the company’s stock valued at $37,000 after purchasing an additional 12,337 shares in the last quarter. Two Sigma Investments LP acquired a new stake in shares of Bitcoin Depot during the 4th quarter valued at $427,000. Two Sigma Advisers LP acquired a new stake in shares of Bitcoin Depot during the 4th quarter valued at $267,000. Finally, Welch Capital Partners LLC NY boosted its holdings in shares of Bitcoin Depot by 480.1% during the 4th quarter. Welch Capital Partners LLC NY now owns 522,073 shares of the company’s stock valued at $846,000 after acquiring an additional 432,073 shares in the last quarter. 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.