Exodus Movement, Inc. (NYSEAMERICAN:EXOD) Receives $35.00 Average Target Price from Analysts

Shares of Exodus Movement, Inc. (NYSEAMERICAN:EXOD) have earned a consensus rating of “Buy” from the nine research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $35.00.

A number of equities analysts have recently issued reports on the stock. Zacks Research lowered shares of Exodus Movement from a “hold” rating to a “strong sell” rating in a research report on Friday, March 13th. Benchmark lowered their price objective on shares of Exodus Movement from $42.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. BTIG Research dropped their price objective on shares of Exodus Movement from $30.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, March 12th. Compass Point reaffirmed a “buy” rating and issued a $19.00 target price on shares of Exodus Movement in a report on Thursday, March 12th. Finally, HC Wainwright reiterated a “buy” rating and set a $25.00 target price on shares of Exodus Movement in a research note on Thursday, December 18th.

Exodus Movement Stock Down 6.0%

Shares of NYSEAMERICAN EXOD opened at $6.85 on Tuesday. The business has a 50-day moving average price of $11.07 and a 200 day moving average price of $17.76. The stock has a market cap of $204.20 million, a PE ratio of -10.70 and a beta of 1.04. Exodus Movement has a 52-week low of $6.66 and a 52-week high of $56.00.

Exodus Movement (NYSEAMERICAN:EXOD) last released its quarterly earnings results on Wednesday, March 11th. The company reported ($1.69) EPS for the quarter. Exodus Movement had a negative return on equity of 4.28% and a negative net margin of 9.34%.The firm had revenue of $29.39 million for the quarter. Sell-side analysts anticipate that Exodus Movement will post 1.62 earnings per share for the current year.

Institutional Trading of Exodus Movement

A number of hedge funds have recently added to or reduced their stakes in EXOD. Royal Bank of Canada grew its stake in shares of Exodus Movement by 42,971.4% in the 4th quarter. Royal Bank of Canada now owns 3,015 shares of the company’s stock valued at $44,000 after purchasing an additional 3,008 shares during the last quarter. State of Wyoming purchased a new stake in shares of Exodus Movement during the third quarter worth approximately $58,000. Hennion & Walsh Asset Management Inc. raised its stake in shares of Exodus Movement by 39.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 10,491 shares of the company’s stock worth $155,000 after purchasing an additional 2,951 shares during the last quarter. Aristides Capital LLC acquired a new stake in shares of Exodus Movement during the fourth quarter worth $164,000. Finally, Vontobel Holding Ltd. lifted its holdings in shares of Exodus Movement by 9.3% during 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 period.

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.