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

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

Several research firms recently commented on EXOD. Benchmark reduced their target price on shares of 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 target price on shares of Exodus Movement in a research note on Thursday, March 12th. Zacks Research lowered 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 research report on Thursday, April 9th. Finally, BTIG Research decreased their target price on shares of Exodus Movement from $20.00 to $16.00 and set a “buy” rating for the company in a report on Tuesday.

Institutional Trading of Exodus Movement

A number of large investors have recently made changes to their positions in EXOD. Geode Capital Management LLC grew its stake 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 acquiring an additional 63,501 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Exodus Movement during the second quarter valued at approximately $2,118,000. Tidal Investments LLC bought a new position in shares of Exodus Movement in the second quarter worth approximately $9,444,000. Vident Advisory LLC bought a new position in shares of Exodus Movement in the second quarter worth approximately $369,000. Finally, Hennion & Walsh Asset Management Inc. bought a new position in shares of Exodus Movement in the third quarter worth approximately $209,000.

Exodus Movement Price Performance

NYSEAMERICAN EXOD opened at $6.97 on Wednesday. Exodus Movement has a 1 year low of $5.89 and a 1 year high of $48.70. The stock has a market capitalization of $207.78 million, a PE ratio of -5.49 and a beta of 1.90. The company’s 50 day simple moving average is $8.06 and its two-hundred day simple moving average is $13.02.

Exodus Movement (NYSEAMERICAN:EXOD) last issued its quarterly earnings results on Monday, May 11th. The company reported ($1.08) EPS for the quarter. The company had revenue of $22.75 million during the quarter. Exodus Movement had a negative return on equity of 11.19% and a negative net margin of 28.25%. On average, research analysts anticipate that Exodus Movement will post -0.22 EPS for the current year.

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.