Exodus Movement (NYSEAMERICAN:EXOD) Rating Increased to Hold at Zacks Research

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

A number of other research firms also recently issued reports on EXOD. Northland Securities set a $15.00 target price on shares of Exodus Movement in a research report on Thursday, April 9th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Exodus Movement in a research report on Monday, June 15th. Finally, BTIG Research decreased their price objective on shares of Exodus Movement from $20.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $23.50.

Exodus Movement Trading Down 0.2%

Shares of EXOD opened at $5.18 on Tuesday. The firm has a market capitalization of $155.45 million, a P/E ratio of -4.08 and a beta of 1.93. The stock’s fifty day simple moving average is $6.26 and its 200 day simple moving average is $9.17. Exodus Movement has a twelve month low of $4.65 and a twelve month high of $39.93.

Exodus Movement (NYSEAMERICAN:EXOD) last issued its earnings results on Monday, May 11th. The company reported ($1.08) earnings per share 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 during the quarter. Sell-side analysts predict that Exodus Movement will post -1.37 earnings per share for the current year.

Hedge Funds Weigh In On Exodus Movement

Several hedge funds and other institutional investors have recently bought and sold shares of EXOD. Royal Bank of Canada boosted its holdings in Exodus Movement by 42,971.4% in the 4th quarter. Royal Bank of Canada now owns 3,015 shares of the company’s stock worth $44,000 after acquiring an additional 3,008 shares during the period. Impact Partnership Wealth LLC purchased a new stake in shares of Exodus Movement during the first quarter valued at approximately $66,000. Hennion & Walsh Asset Management Inc. lifted its position 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 in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Exodus Movement by 20.2% during the first quarter. Bank of New York Mellon Corp now owns 24,526 shares of the company’s stock worth $159,000 after purchasing an additional 4,124 shares in the last quarter. Finally, Aristides Capital LLC purchased a new position in shares of Exodus Movement in the fourth quarter valued at $164,000.

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.