Exodus Movement, Inc. (NYSEAMERICAN:EXOD) Receives $48.14 Average PT from Brokerages

Shares of Exodus Movement, Inc. (NYSEAMERICAN:EXOD) have been given an average recommendation of “Buy” by the ten brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $46.7143.

EXOD has been the subject of several recent analyst reports. Singular Research raised shares of Exodus Movement to a “strong-buy” rating in a research report on Tuesday, November 18th. Zacks Research cut Exodus Movement from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 26th. BTIG Research decreased their price target on Exodus Movement from $40.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, January 8th. HC Wainwright reiterated a “buy” rating and set a $25.00 target price on shares of Exodus Movement in a research report on Thursday, December 18th. Finally, Benchmark reiterated a “buy” rating on shares of Exodus Movement in a report on Tuesday, November 25th.

Hedge Funds Weigh In On Exodus Movement

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Floyd Financial Group LLC purchased a new stake in shares of Exodus Movement during the 2nd quarter valued at $1,087,000. Tidal Investments LLC lifted its position in Exodus Movement by 2.7% in the third quarter. Tidal Investments LLC now owns 336,591 shares of the company’s stock valued at $9,350,000 after purchasing an additional 9,002 shares during the last quarter. Geode Capital Management LLC boosted its position in Exodus Movement by 109.0% during the 2nd quarter. Geode Capital Management LLC now owns 121,757 shares of the company’s stock valued at $3,511,000 after buying an additional 63,501 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in 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 valued at $3,010,000 after purchasing an additional 34,882 shares during the period. Finally, Vident Advisory LLC increased its stake in shares of Exodus Movement by 61.4% during the third quarter. Vident Advisory LLC now owns 20,652 shares of the company’s stock valued at $574,000 after buying an additional 7,857 shares during the period.

Exodus Movement Stock Performance

EXOD opened at $18.25 on Thursday. The firm has a market capitalization of $535.27 million, a PE ratio of 5.56 and a beta of 0.67. Exodus Movement has a 52-week low of $13.31 and a 52-week high of $117.40. The business’s 50-day simple moving average is $16.39 and its 200 day simple moving average is $24.45.

Exodus Movement (NYSEAMERICAN:EXOD) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.53 earnings per share for the quarter. The firm had revenue of $30.34 million for the quarter. Exodus Movement had a return on equity of 27.16% and a net margin of 79.42%. On average, research analysts forecast that Exodus Movement will post 1.62 earnings per share for the current 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.