BTCS (NASDAQ:BTCS) Announces Quarterly Earnings Results, Hits Estimates

BTCS (NASDAQ:BTCSGet Free Report) posted its earnings results on Thursday. The company reported ($0.09) earnings per share for the quarter, meeting the consensus estimate of ($0.09), Zacks reports. The company had revenue of $0.33 million during the quarter. BTCS had a net margin of 583.51% and a negative return on equity of 62.00%.

BTCS Stock Performance

BTCS opened at $1.30 on Friday. BTCS has a fifty-two week low of $0.85 and a fifty-two week high of $2.50. The stock has a market capitalization of $20.40 million, a price-to-earnings ratio of 2.32 and a beta of 1.58. The company has a fifty day moving average of $1.59 and a 200 day moving average of $1.35.

Insiders Place Their Bets

In other BTCS news, CEO Charles W. Allen sold 50,000 shares of BTCS stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $1.56, for a total value of $78,000.00. Following the completion of the transaction, the chief executive officer now directly owns 4,264,220 shares of the company’s stock, valued at approximately $6,652,183.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other BTCS news, COO Michal Handerhan sold 28,165 shares of BTCS stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $1.51, for a total value of $42,529.15. Following the completion of the transaction, the chief operating officer now directly owns 1,683,331 shares of the company’s stock, valued at approximately $2,541,829.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Charles W. Allen sold 50,000 shares of BTCS stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $1.56, for a total transaction of $78,000.00. Following the completion of the transaction, the chief executive officer now directly owns 4,264,220 shares of the company’s stock, valued at $6,652,183.20. The disclosure for this sale can be found here. Insiders sold 123,703 shares of company stock valued at $191,568 in the last three months. Corporate insiders own 40.20% of the company’s stock.

Institutional Investors Weigh In On BTCS

An institutional investor recently bought a new position in BTCS stock. Virtu Financial LLC bought a new position in BTCS Inc. (NASDAQ:BTCSFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 39,050 shares of the company’s stock, valued at approximately $64,000. Virtu Financial LLC owned about 0.25% of BTCS at the end of the most recent quarter. Institutional investors and hedge funds own 3.54% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reaffirmed a “buy” rating and set a $3.00 target price on shares of BTCS in a research note on Thursday, January 25th.

Check Out Our Latest Stock Report on BTCS

BTCS Company Profile

(Get Free Report)

BTCS Inc focuses on blockchain infrastructure and staking in the United States. The company secures blockchain-infrastructure operations and operates validator nodes on disruptive next-generation blockchain networks. It offers StakeSeeker, a cryptocurrency dashboard and staking-as-a-service platform that allows crypto asset holders to earn rewards by participating in network consensus mechanisms.

Further Reading

Earnings History for BTCS (NASDAQ:BTCS)

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