BTCS Inc. (OTCMKTS:BTCS – Get Rating) – Investment analysts at HC Wainwright issued their Q1 2023 earnings per share estimates for shares of BTCS in a report released on Tuesday, April 4th. HC Wainwright analyst K. Dede forecasts that the company will post earnings of ($0.06) per share for the quarter. HC Wainwright currently has a "Buy" rating and a $3.00 price target on the stock. The consensus estimate for BTCS's current full-year earnings is ($0.60) per share. HC Wainwright also issued estimates for BTCS's Q2 2023 earnings at ($0.06) EPS, Q3 2023 earnings at ($0.06) EPS and Q4 2023 earnings at ($0.06) EPS.
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BTCS opened at $1.30 on Wednesday. The stock's 50 day moving average price is $0.88 and its two-hundred day moving average price is $0.69. BTCS has a 12-month low of $0.57 and a 12-month high of $4.18.
Hedge Funds Weigh In On BTCS
A number of institutional investors and hedge funds have recently bought and sold shares of BTCS. Vanguard Group Inc. grew its position in BTCS by 98.7% during the first quarter. Vanguard Group Inc. now owns 349,902 shares of the company's stock worth $1,463,000 after buying an additional 173,802 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of BTCS during the 1st quarter worth approximately $242,000. State Street Corp bought a new stake in shares of BTCS during the first quarter valued at approximately $59,000. Vident Investment Advisory LLC acquired a new position in shares of BTCS in the first quarter valued at $47,000. Finally, Advisor Group Holdings Inc. lifted its position in BTCS by 39,627.8% in the first quarter. Advisor Group Holdings Inc. now owns 7,151 shares of the company's stock worth $30,000 after purchasing an additional 7,133 shares during the period. Institutional investors own 4.81% of the company's stock.
BTCS Company Profile
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BTCS, Inc engages in the digital currency ecosystem and blockchain technologies. It manages an online marketplace where consumers can purchase merchandise using digital currencies such as bitcoin. The company was founded by Timothy Sidie and Michal Handerhan in 2008 and is headquartered in Silver Spring, MD.
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