Exodus Movement, Inc. (NYSEAMERICAN:EXOD) Receives $46.71 Average Target Price from Brokerages

Shares of Exodus Movement, Inc. (NYSEAMERICAN:EXOD) have earned a consensus recommendation of “Buy” from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $46.7143.

A number of research firms recently commented on EXOD. Zacks Research downgraded Exodus Movement from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 26th. BTIG Research decreased their price objective on Exodus Movement from $40.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Singular Research upgraded Exodus Movement to a “strong-buy” rating in a research report on Tuesday, November 18th. Benchmark restated a “buy” rating on shares of Exodus Movement in a research report on Tuesday, November 25th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $25.00 price target on shares of Exodus Movement in a research note on Thursday, December 18th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tidal Investments LLC raised its position in Exodus Movement by 2.7% during 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 period. Geode Capital Management LLC increased its position in shares of 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 purchasing an additional 63,501 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 buying an additional 34,882 shares during the period. Vident Advisory LLC lifted its position in Exodus Movement by 61.4% in the third quarter. Vident Advisory LLC now owns 20,652 shares of the company’s stock worth $574,000 after buying an additional 7,857 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in Exodus Movement by 46.5% during the third quarter. Millennium Management LLC now owns 17,812 shares of the company’s stock worth $495,000 after buying an additional 5,651 shares during the period.

Exodus Movement Stock Performance

Shares of NYSEAMERICAN:EXOD opened at $10.70 on Monday. The firm has a market cap of $313.83 million, a price-to-earnings ratio of 3.26 and a beta of 0.69. The firm has a fifty day moving average price of $15.24 and a 200 day moving average price of $22.42. Exodus Movement has a fifty-two week low of $9.92 and a fifty-two week high of $58.43.

Exodus Movement (NYSEAMERICAN:EXOD) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.53 EPS for the quarter. The business had revenue of $30.34 million for the quarter. Exodus Movement had a net margin of 79.42% and a return on equity of 27.16%. As a group, research analysts predict 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.