Exodus Movement (NYSEAMERICAN:EXOD) Price Target Lowered to $30.00 at BTIG Research

Exodus Movement (NYSEAMERICAN:EXOD) had its price target trimmed by BTIG Research from $40.00 to $30.00 in a research note issued to investors on Thursday morning, MarketBeat.com reports. They currently have a buy rating on the stock.

EXOD has been the subject of a number of other reports. Singular Research raised Exodus Movement to a “strong-buy” rating in a research note on Tuesday, November 18th. Benchmark restated a “buy” rating on shares of Exodus Movement in a report on Tuesday, November 25th. Zacks Research downgraded shares of Exodus Movement from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 26th. Finally, HC Wainwright reiterated a “buy” rating and issued a $25.00 target price on shares of Exodus Movement in a report on Thursday, December 18th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Exodus Movement presently has a consensus rating of “Buy” and an average target price of $46.71.

Exodus Movement Stock Down 1.0%

NYSEAMERICAN:EXOD opened at $16.07 on Thursday. Exodus Movement has a 12-month low of $13.31 and a 12-month high of $117.40. The stock’s fifty day simple moving average is $16.69 and its 200-day simple moving average is $24.73. The firm has a market capitalization of $471.33 million, a P/E ratio of 4.90 and a beta of 0.67.

Exodus Movement (NYSEAMERICAN:EXOD) last released its quarterly earnings data 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 business had revenue of $30.34 million during the quarter. As a group, equities research analysts expect that Exodus Movement will post 1.62 earnings per share for the current year.

Institutional Trading of Exodus Movement

Several hedge funds have recently bought and sold shares of EXOD. Tidal Investments LLC acquired a new stake in shares of Exodus Movement during the second quarter worth $9,444,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Exodus Movement in the 2nd quarter worth $2,118,000. Geode Capital Management LLC increased its holdings in Exodus Movement by 109.0% during the 2nd quarter. Geode Capital Management LLC now owns 121,757 shares of the company’s stock worth $3,511,000 after purchasing an additional 63,501 shares in the last quarter. Floyd Financial Group LLC acquired a new stake in shares of Exodus Movement in the 2nd quarter valued at about $1,087,000. Finally, Alps Advisors Inc. bought a new stake in shares of Exodus Movement in the third quarter valued at about $447,000.

Exodus Movement Company Profile

Exodus Movement, Inc is a software company focused on developing user-friendly tools for managing digital assets. Its flagship product, the Exodus Wallet, is a non-custodial cryptocurrency wallet available on desktop and mobile platforms. The wallet enables users to secure, send, receive and exchange a broad range of digital currencies while retaining full control of their private keys. With built-in portfolio tracking and an integrated exchange feature powered by third-party liquidity providers, Exodus offers a one-stop interface for both newcomers and experienced crypto enthusiasts.

Since its initial release in mid-2016, Exodus has expanded support to over 100 cryptocurrencies and tokens, including major assets such as Bitcoin, Ethereum and Litecoin as well as numerous ERC-20 tokens.