Exodus Movement, Inc. (NYSEAMERICAN:EXOD) Receives Consensus Rating of “Buy” from Brokerages

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) has been assigned an average recommendation of “Buy” from the eight analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $23.50.

Several research firms recently commented on EXOD. Zacks Research lowered shares of Exodus Movement from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 9th. Cantor Fitzgerald reissued an “overweight” rating on shares of Exodus Movement in a research note on Monday, June 15th. Northland Securities set a $15.00 price target on shares of Exodus Movement in a research report on Thursday, April 9th. Benchmark reduced their price objective on Exodus Movement from $42.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, March 12th. Finally, Compass Point reiterated a “buy” rating and issued a $19.00 price objective on shares of Exodus Movement in a report on Thursday, March 12th.

Hedge Funds Weigh In On Exodus Movement

A number of large investors have recently bought and sold shares of EXOD. Vontobel Holding Ltd. lifted its position in Exodus Movement by 9.3% in the fourth quarter. Vontobel Holding Ltd. now owns 15,266 shares of the company’s stock valued at $226,000 after purchasing an additional 1,295 shares during the last quarter. Vident Advisory LLC grew its holdings in shares of Exodus Movement by 10.8% in the fourth quarter. Vident Advisory LLC now owns 22,881 shares of the company’s stock worth $338,000 after purchasing an additional 2,229 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in shares of 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 purchasing an additional 2,951 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Exodus Movement by 42,971.4% in the fourth quarter. Royal Bank of Canada now owns 3,015 shares of the company’s stock worth $44,000 after buying an additional 3,008 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Exodus Movement by 20.2% in the first quarter. Bank of New York Mellon Corp now owns 24,526 shares of the company’s stock worth $159,000 after buying an additional 4,124 shares during the period.

Exodus Movement Price Performance

Shares of NYSEAMERICAN EXOD opened at $5.20 on Thursday. Exodus Movement has a one year low of $5.17 and a one year high of $39.93. The firm’s 50 day simple moving average is $6.84 and its two-hundred day simple moving average is $9.87. The stock has a market capitalization of $156.05 million, a P/E ratio of -4.09 and a beta of 1.94.

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

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.