Exodus Movement (NYSEAMERICAN:EXOD) Upgraded at Zacks Research

Zacks Research upgraded shares of Exodus Movement (NYSEAMERICAN:EXOD) from a strong sell rating to a hold rating in a report released on Tuesday morning,Zacks.com reports.

Several other research firms also recently weighed in on EXOD. BTIG Research lowered their price objective on shares of Exodus Movement from $20.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Northland Securities set a $15.00 price objective on shares of Exodus Movement in a report on Thursday, April 9th. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of Exodus Movement in a research report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Exodus Movement presently has an average rating of “Buy” and a consensus target price of $23.50.

Exodus Movement Stock Performance

Shares of NYSEAMERICAN:EXOD opened at $4.88 on Tuesday. Exodus Movement has a 52-week low of $4.65 and a 52-week high of $39.93. The business’s 50 day simple moving average is $6.21 and its two-hundred day simple moving average is $9.10. The firm has a market cap of $146.45 million, a P/E ratio of -3.84 and a beta of 1.93.

Exodus Movement (NYSEAMERICAN:EXOD) last released its quarterly earnings data on Monday, May 11th. The company reported ($1.08) EPS for the quarter. Exodus Movement had a negative net margin of 28.25% and a negative return on equity of 11.78%. The firm had revenue of $22.75 million for the quarter. On average, equities analysts forecast that Exodus Movement will post -1.37 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Exodus Movement

A number of hedge funds have recently bought and sold shares of the company. FTX Recovery Trust purchased a new position in Exodus Movement during the fourth quarter worth about $26,969,000. Tidal Investments LLC increased its stake in Exodus Movement by 2.7% in the 3rd quarter. Tidal Investments LLC now owns 336,591 shares of the company’s stock valued at $9,350,000 after buying an additional 9,002 shares during the last quarter. Geode Capital Management LLC increased its stake in Exodus Movement by 16.5% in the 4th quarter. Geode Capital Management LLC now owns 136,353 shares of the company’s stock valued at $2,017,000 after buying an additional 19,304 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Exodus Movement by 47.5% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,343 shares of the company’s stock worth $3,010,000 after buying an additional 34,882 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Exodus Movement by 17,155.2% during the 1st quarter. Bank of America Corp DE now owns 33,475 shares of the company’s stock worth $218,000 after buying an additional 33,281 shares in the last quarter.

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.