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

Shares of Exodus Movement, Inc. (NYSEAMERICAN:EXOD) have been given an average recommendation of “Buy” by the eight analysts that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $42.8333.

A number of equities research analysts have weighed in on the company. Zacks Research downgraded Exodus Movement from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 26th. Benchmark reissued a “buy” rating on shares of Exodus Movement in a report on Tuesday, November 25th. HC Wainwright reaffirmed a “buy” rating and issued a $25.00 target price on shares of Exodus Movement in a research note on Thursday, December 18th. BTIG Research reduced their price target on shares of Exodus Movement from $40.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Finally, Singular Research upgraded shares of Exodus Movement to a “strong-buy” rating in a report on Tuesday, November 18th.

Institutional Trading of Exodus Movement

Institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its holdings in shares of Exodus Movement by 42,971.4% in the fourth quarter. Royal Bank of Canada now owns 3,015 shares of the company’s stock worth $44,000 after buying an additional 3,008 shares during the period. State of Wyoming purchased a new position in Exodus Movement in the 3rd quarter worth approximately $58,000. Hennion & Walsh Asset Management Inc. lifted its position in Exodus Movement by 39.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 10,491 shares of the company’s stock valued at $155,000 after purchasing an additional 2,951 shares during the last quarter. Aristides Capital LLC purchased a new stake in shares of Exodus Movement during the fourth quarter valued at approximately $164,000. Finally, Vontobel Holding Ltd. grew its holdings in shares of Exodus Movement by 9.3% in the fourth quarter. Vontobel Holding Ltd. now owns 15,266 shares of the company’s stock worth $226,000 after purchasing an additional 1,295 shares during the last quarter.

Exodus Movement Stock Performance

NYSEAMERICAN EXOD opened at $10.45 on Friday. Exodus Movement has a 52-week low of $9.11 and a 52-week high of $57.00. The company has a market capitalization of $306.50 million, a P/E ratio of 3.19 and a beta of 0.69. The company has a fifty day moving average of $13.67 and a 200-day moving average of $20.12.

About Exodus Movement

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.