Bitcoin Depot (NASDAQ:BTM – Get Free Report) and Coinbase Global (NASDAQ:COIN – Get Free Report) are both finance companies, but which is the superior investment? We will compare the two companies based on the strength of their profitability, earnings, risk, institutional ownership, valuation, analyst recommendations and dividends.
Analyst Ratings
This is a breakdown of recent recommendations and price targets for Bitcoin Depot and Coinbase Global, as reported by MarketBeat.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Bitcoin Depot | 0 | 1 | 2 | 1 | 3.00 |
| Coinbase Global | 1 | 9 | 10 | 0 | 2.45 |
Bitcoin Depot presently has a consensus target price of $3.67, suggesting a potential upside of 85.19%. Coinbase Global has a consensus target price of $255.22, suggesting a potential downside of 17.93%. Given Bitcoin Depot’s stronger consensus rating and higher probable upside, research analysts plainly believe Bitcoin Depot is more favorable than Coinbase Global.
Valuation and Earnings
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Bitcoin Depot | $688.97 million | 0.17 | -$26.10 million | ($0.93) | -2.13 |
| Coinbase Global | $3.11 billion | 25.05 | $94.87 million | $5.86 | 53.07 |
Coinbase Global has higher revenue and earnings than Bitcoin Depot. Bitcoin Depot is trading at a lower price-to-earnings ratio than Coinbase Global, indicating that it is currently the more affordable of the two stocks.
Risk and Volatility
Bitcoin Depot has a beta of -0.33, meaning that its share price is 133% less volatile than the S&P 500. Comparatively, Coinbase Global has a beta of 3.34, meaning that its share price is 234% more volatile than the S&P 500.
Institutional and Insider Ownership
9.2% of Bitcoin Depot shares are held by institutional investors. Comparatively, 68.8% of Coinbase Global shares are held by institutional investors. 70.2% of Bitcoin Depot shares are held by insiders. Comparatively, 23.4% of Coinbase Global shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.
Profitability
This table compares Bitcoin Depot and Coinbase Global’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Bitcoin Depot | -2.28% | -488.33% | -15.15% |
| Coinbase Global | 29.76% | 14.81% | 0.41% |
Summary
Coinbase Global beats Bitcoin Depot on 11 of the 15 factors compared between the two stocks.
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. The company is headquartered in Atlanta, Georgia. Bitcoin Depot Inc. is a subsidiary of BT Assets, Inc.
About Coinbase Global
Coinbase Global, Inc. provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions. It also provides technology and services that enable developers to build crypto products and securely accept crypto assets as payment. The company was founded in 2012 and is based in Wilmington, Delaware.
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