Exodus Movement, Inc. (NYSEAMERICAN:EXOD) Receives $30.00 Average Target Price from Brokerages

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) has received an average rating of “Buy” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $30.00.

A number of brokerages recently issued reports on EXOD. Benchmark lowered their price target on shares of Exodus Movement from $42.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. Zacks Research cut shares of Exodus Movement from a “hold” rating to a “strong sell” rating in a research report on Friday, March 13th. BTIG Research lowered their price target on shares of Exodus Movement from $30.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. Northland Securities set a $15.00 price target on shares of Exodus Movement in a research report on Thursday, April 9th. Finally, Compass Point reissued a “buy” rating and set a $19.00 price target on shares of Exodus Movement in a research report on Thursday, March 12th.

Exodus Movement Trading Down 0.4%

Shares of EXOD opened at $7.95 on Friday. The firm’s 50-day moving average price is $8.76 and its 200-day moving average price is $14.98. The firm has a market capitalization of $236.99 million, a price-to-earnings ratio of -12.42 and a beta of 2.03. Exodus Movement has a 1-year low of $5.89 and a 1-year high of $56.00.

Exodus Movement (NYSEAMERICAN:EXOD) last announced its earnings results on Wednesday, March 11th. The company reported ($1.69) earnings per share for the quarter. The company had revenue of $29.39 million for the quarter. Exodus Movement had a negative net margin of 9.34% and a negative return on equity of 4.28%. On average, research analysts forecast that Exodus Movement will post -0.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its position in Exodus Movement by 42,971.4% during the 4th quarter. Royal Bank of Canada now owns 3,015 shares of the company’s stock valued at $44,000 after acquiring an additional 3,008 shares during the period. State of Wyoming purchased a new position in Exodus Movement in the third quarter worth about $58,000. Hennion & Walsh Asset Management Inc. raised its holdings 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 worth $155,000 after buying an additional 2,951 shares during the last quarter. Aristides Capital LLC purchased a new position in Exodus Movement in the fourth quarter worth about $164,000. Finally, Vontobel Holding Ltd. raised its holdings in 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 buying an additional 1,295 shares during the last quarter.

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.