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

Shares of Exodus Movement, Inc. (NYSEAMERICAN:EXOD) have been given a consensus recommendation of “Buy” by the nine research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $35.00.

A number of research firms recently issued reports on EXOD. Benchmark lowered their price target on Exodus Movement from $42.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, March 12th. Compass Point reaffirmed a “buy” rating and set a $19.00 price objective on shares of Exodus Movement in a research note on Thursday, March 12th. Zacks Research cut Exodus Movement from a “hold” rating to a “strong sell” rating in a research report on Friday, March 13th. BTIG Research lowered their target price on Exodus Movement from $30.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, March 12th. Finally, HC Wainwright reissued a “buy” rating and issued a $25.00 target price on shares of Exodus Movement in a report on Thursday, December 18th.

Exodus Movement Price Performance

Shares of NYSEAMERICAN:EXOD opened at $8.12 on Tuesday. Exodus Movement has a 1-year low of $7.12 and a 1-year high of $57.00. The stock has a market cap of $242.06 million, a P/E ratio of -12.69 and a beta of 1.06. The firm has a fifty day moving average price of $11.70 and a 200 day moving average price of $18.03.

Exodus Movement (NYSEAMERICAN:EXOD) last posted its quarterly earnings data on Wednesday, March 11th. The company reported ($1.69) EPS for the quarter. Exodus Movement had a negative net margin of 9.34% and a negative return on equity of 4.28%. The business had revenue of $29.39 million during the quarter. Sell-side analysts expect that Exodus Movement will post 1.62 EPS for the current fiscal year.

Hedge Funds Weigh In On Exodus Movement

Several institutional investors have recently bought and sold shares of EXOD. Vident Advisory LLC raised its position in Exodus Movement by 10.8% during the 4th quarter. Vident Advisory LLC now owns 22,881 shares of the company’s stock worth $338,000 after buying an additional 2,229 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Exodus Movement by 87.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 19,568 shares of the company’s stock valued at $289,000 after acquiring an additional 9,106 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Exodus Movement by 52.8% in the fourth quarter. Invesco Ltd. now owns 15,722 shares of the company’s stock valued at $233,000 after acquiring an additional 5,436 shares in the last quarter. Vontobel Holding Ltd. increased its stake in shares of Exodus Movement by 9.3% during the fourth quarter. Vontobel Holding Ltd. now owns 15,266 shares of the company’s stock worth $226,000 after acquiring an additional 1,295 shares during the period. Finally, Aristides Capital LLC acquired a new position in shares of Exodus Movement during the fourth quarter worth about $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.