Exodus Movement, Inc. (NYSEAMERICAN:EXOD) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Exodus Movement, Inc. (NYSEAMERICAN:EXOD) have been given an average recommendation of “Buy” by the nine research firms that are presently covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $53.8571.

A number of brokerages have recently weighed in on EXOD. Cantor Fitzgerald began coverage on Exodus Movement in a research report on Friday, August 15th. They issued an “overweight” rating and a $45.00 price target for the company. Benchmark dropped their target price on shares of Exodus Movement from $58.00 to $42.00 and set a “buy” rating for the company in a report on Tuesday, November 11th. Zacks Research raised Exodus Movement from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 28th. Finally, BTIG Research reduced their price objective on Exodus Movement from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, November 10th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. CWM LLC acquired a new stake in shares of Exodus Movement during the first quarter worth $158,000. Floyd Financial Group LLC purchased a new position in Exodus Movement during the second quarter worth about $1,087,000. OMERS ADMINISTRATION Corp acquired a new stake in Exodus Movement in the 1st quarter worth about $262,000. Invesco Ltd. acquired a new stake in Exodus Movement in the 1st quarter worth about $420,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Exodus Movement by 47.5% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,343 shares of the company’s stock valued at $3,010,000 after buying an additional 34,882 shares during the period.

Exodus Movement Price Performance

Exodus Movement stock opened at $15.65 on Wednesday. The stock’s 50 day moving average price is $25.97 and its 200 day moving average price is $29.51. Exodus Movement has a 1-year low of $14.93 and a 1-year high of $117.40. The company has a market cap of $454.95 million, a PE ratio of 4.77 and a beta of 0.11.

Exodus Movement (NYSEAMERICAN:EXOD) last released its earnings results on Monday, November 10th. The company reported $0.53 EPS for the quarter. Exodus Movement had a return on equity of 27.16% and a net margin of 79.42%.The company had revenue of $30.34 million during the quarter. On average, equities research analysts anticipate that Exodus Movement will post 1.62 EPS for the current fiscal year.

Exodus Movement Company Profile

Exodus Movement, Inc develops blockchain asset investors platform to secure, exchange and manage wealth inside one application. The company was founded by Daniel Castagnoli and Jon Paul Richardson in 2015 and is headquartered in Omaha, NE.