BTCS (NASDAQ:BTCS) Price Target Raised to $5.00

BTCS (NASDAQ:BTCS) had its target price lifted by HC Wainwright from $3.00 to $5.00 in a research note released on Tuesday, MarketBeat Ratings reports. They currently have a buy rating on the stock. HC Wainwright also issued estimates for BTCS’s FY2025 earnings at ($0.16) EPS.

BTCS Price Performance

Shares of BTCS opened at $2.59 on Tuesday. BTCS has a 12-month low of $0.95 and a 12-month high of $5.41. The stock has a market capitalization of $44.09 million, a P/E ratio of 6.32 and a beta of 2.08. The firm’s 50 day moving average is $2.69 and its 200-day moving average is $1.79.

Insider Buying and Selling at BTCS

In other news, Director Melanie Pump sold 22,000 shares of BTCS stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $3.49, for a total value of $76,780.00. Following the transaction, the director now directly owns 38,735 shares of the company’s stock, valued at $135,185.15. This trade represents a 36.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 44.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BTCS

A hedge fund recently bought a new stake in BTCS stock. Heron Bay Capital Management bought a new position in BTCS Inc. (NASDAQ:BTCS) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 44,435 shares of the company’s stock, valued at approximately $61,000. Heron Bay Capital Management owned approximately 0.28% of BTCS as of its most recent SEC filing. Hedge funds and other institutional investors own 3.48% of the company’s stock.

BTCS Company Profile

BTCS Inc operates in blockchain technology sector the United States. Its blockchain-infrastructure secures and operates validator nodes on disruptive blockchain networks, as well as validates transactions for crypto holding delegations on dPoS blockchains. The company 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; and Builder+, a Ethereum block builder offered to maximize validator earnings by utilizing algorithms to construct optimized blocks for on-chain validation.