Bitcoin Depot (NASDAQ:BTM) COO Christopher Scott Buchanan Sells 7,000 Shares

Bitcoin Depot Inc. (NASDAQ:BTM - Get Free Report) COO Christopher Scott Buchanan sold 7,000 shares of the company's stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $2.70, for a total value of $18,900.00. Following the transaction, the chief operating officer directly owned 126,276 shares in the company, valued at $340,945.20. This represents a 5.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.Bitcoin Depot Falls Into Value Territory With Expansion UnderwayChristopher Scott Buchanan also recently made the following trade(s): On Friday, October 3rd, Christopher Scott Buchanan sold 7,000 shares of Bitcoin Depot stock. The shares were sold at an average price of $3.82, for a total value of $26,740.00. On Friday, September 5th, Christopher Scott Buchanan sold 7,000 shares of Bitcoin Depot stock. The shares were sold at an average price of $3.52, for a total value of $24,640.00. On Thursday, August 14th, Christopher Scott Buchanan sold 22,000 shares of Bitcoin Depot stock. The shares were sold at an average price of $4.21, for a total value of $92,620.00. Get Bitcoin Depot alerts:Bitcoin Depot Stock PerformanceShares of NASDAQ BTM traded up $0.29 during trading on Wednesday, reaching $2.75. 1,796,047 shares of the stock traded hands, compared to its average volume of 1,577,425. Bitcoin Depot Inc. has a 52-week low of $0.93 and a 52-week high of $6.88. The company has a debt-to-equity ratio of 12.34, a current ratio of 1.41 and a quick ratio of 1.41. The company has a 50-day moving average of $3.33 and a 200-day moving average of $3.88. The stock has a market capitalization of $187.22 million, a P/E ratio of 27.50 and a beta of 0.79. Bitcoin Depot (NASDAQ:BTM - Get Free Report) last issued its quarterly earnings results on Tuesday, August 12th. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.01). Bitcoin Depot had a net margin of 0.44% and a negative return on equity of 44.12%. The firm had revenue of $172.11 million for the quarter, compared to analysts' expectations of $168.00 million. Wall Street Analyst Weigh InBTM has been the topic of a number of recent research reports. B. Riley increased their price objective on Bitcoin Depot from $5.50 to $6.00 and gave the stock a "buy" rating in a report on Thursday, October 2nd. HC Wainwright increased their price objective on Bitcoin Depot from $5.00 to $6.50 and gave the stock a "buy" rating in a report on Wednesday, August 13th. Weiss Ratings reissued a "sell (d+)" rating on shares of Bitcoin Depot in a report on Wednesday, October 8th. Finally, Zacks Research cut Bitcoin Depot from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $5.83.Check Out Our Latest Stock Report on Bitcoin DepotHedge Funds Weigh In On Bitcoin DepotInstitutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its stake in Bitcoin Depot by 11,320.0% in the 2nd quarter. Bank of America Corp DE now owns 9,707 shares of the company's stock worth $49,000 after acquiring an additional 9,622 shares during the last quarter. Cetera Investment Advisers bought a new position in Bitcoin Depot in the 2nd quarter worth about $51,000. Qube Research & Technologies Ltd bought a new position in Bitcoin Depot in the 2nd quarter worth about $74,000. Truist Financial Corp bought a new position in Bitcoin Depot in the 2nd quarter worth about $71,000. Finally, Man Group plc bought a new position in Bitcoin Depot in the 2nd quarter worth about $84,000. 9.18% of the stock is currently owned by institutional investors. About Bitcoin Depot (Get Free Report)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.Read MoreFive stocks we like better than Bitcoin Depot3 Natural Gas Stocks That Offer Great Dividend Yields3 Cash-Rich Stocks With High Growth Potential Right NowHow to invest in marijuana stocks in 7 steps Why Vertical Aerospace Stock Could Double After This Flight TestWhat Are Dividend Champions? How to Invest in the ChampionsAmazon: Breakout Confirmed—Here’s Where It Could Go NextThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Bitcoin Depot Right Now?Before you consider Bitcoin Depot, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bitcoin Depot wasn't on the list.While Bitcoin Depot currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here