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

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) has earned a consensus rating of “Buy” from the nine ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $30.00.

Several research firms have recently commented on EXOD. Compass Point reaffirmed a “buy” rating and set a $19.00 price objective on shares of Exodus Movement in a research report on Thursday, March 12th. BTIG Research reduced their target price on shares of Exodus Movement from $30.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, March 12th. Zacks Research cut shares of Exodus Movement from a “hold” rating to a “strong sell” rating in a research note on Friday, March 13th. Northland Securities set a $15.00 price target on shares of Exodus Movement in a report on Thursday, April 9th. Finally, Benchmark dropped 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.

Exodus Movement Stock Performance

Shares of Exodus Movement stock opened at $7.98 on Friday. Exodus Movement has a one year low of $5.89 and a one year high of $56.00. The stock’s fifty day moving average is $8.81 and its 200 day moving average is $15.32. The stock has a market cap of $237.88 million, a P/E ratio of -12.47 and a beta of 2.03.

Exodus Movement (NYSEAMERICAN:EXOD) last released 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%. Analysts predict that Exodus Movement will post 1.62 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in shares of Exodus Movement by 109.0% in the second quarter. Geode Capital Management LLC now owns 121,757 shares of the company’s stock worth $3,511,000 after purchasing an additional 63,501 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Exodus Movement during the second quarter valued at approximately $2,118,000. Tidal Investments LLC purchased a new position in Exodus Movement during the 2nd quarter valued at approximately $9,444,000. Vident Advisory LLC purchased a new position in Exodus Movement during the 2nd quarter valued at approximately $369,000. Finally, Vontobel Holding Ltd. bought a new stake in Exodus Movement in the 3rd quarter worth approximately $388,000.

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.