HC Wainwright Cuts BTCS (NASDAQ:BTCS) Price Target to $5.00

BTCS (NASDAQ:BTCS) had its target price lowered by HC Wainwright from $7.00 to $5.00 in a report released on Tuesday morning,Benzinga reports. HC Wainwright currently has a buy rating on the stock. HC Wainwright also issued estimates for BTCS’s Q1 2026 earnings at $0.00 EPS, Q2 2026 earnings at $0.00 EPS, Q3 2026 earnings at $0.01 EPS and Q4 2026 earnings at $0.01 EPS.

Other equities analysts have also recently issued reports about the stock. Weiss Ratings restated a “hold (c)” rating on shares of BTCS in a research report on Friday, March 27th. Wall Street Zen cut shares of BTCS from a “hold” rating to a “strong sell” rating in a research note on Saturday, March 28th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $5.00.

BTCS Price Performance

NASDAQ BTCS opened at $1.39 on Tuesday. The company has a 50 day moving average of $1.77 and a 200-day moving average of $2.97. BTCS has a 1-year low of $1.25 and a 1-year high of $8.49. The company has a current ratio of 3.38, a quick ratio of 3.38 and a debt-to-equity ratio of 0.09. The company has a market cap of $69.15 million, a price-to-earnings ratio of -0.73 and a beta of 3.25.

BTCS (NASDAQ:BTCS) last announced its quarterly earnings data on Friday, March 27th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.06). The company had revenue of $7.09 million during the quarter, compared to analyst estimates of $4.50 million. BTCS had a negative net margin of 202.29% and a negative return on equity of 14.97%. On average, equities research analysts expect that BTCS will post -0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp grew its holdings in shares of BTCS by 1,286.2% during the 4th quarter. State Street Corp now owns 2,529,760 shares of the company’s stock valued at $6,679,000 after purchasing an additional 2,347,260 shares during the last quarter. Vanguard Group Inc. lifted its stake in BTCS by 354.0% in the 3rd quarter. Vanguard Group Inc. now owns 2,008,400 shares of the company’s stock valued at $9,701,000 after purchasing an additional 1,565,996 shares during the last quarter. Renaissance Technologies LLC bought a new position in BTCS in the 4th quarter valued at approximately $954,000. Geode Capital Management LLC boosted its position in BTCS by 16.5% in the fourth quarter. Geode Capital Management LLC now owns 1,156,661 shares of the company’s stock valued at $3,054,000 after buying an additional 164,113 shares in the last quarter. Finally, 683 Capital Management LLC bought a new stake in shares of BTCS during the fourth quarter worth $428,000. Institutional investors own 3.48% of the company’s stock.

BTCS Company Profile

BTCS, Inc (NASDAQ: BTCS) is a digital asset technology company focused on blockchain infrastructure and related investments. Originally founded in 2012 as Bitcoin Shop, Inc, the company pivoted in 2018 to concentrate on blockchain technology applications, digital asset management and strategic investments in early-stage ventures. BTCS holds a diversified portfolio that includes cryptocurrency mining equipment, digital wallets, and equity stakes in promising blockchain startups.

In its mining operations, BTCS acquires and manages mining hardware to secure blockchain networks and generate newly minted digital tokens.