Exodus Movement (NYSEAMERICAN:EXOD) Issues Quarterly Earnings Results

Exodus Movement (NYSEAMERICAN:EXOD) released its quarterly earnings results on Monday. The company reported ($1.08) EPS for the quarter, FiscalAI reports. Exodus Movement had a negative net margin of 28.25% and a negative return on equity of 11.19%. The business had revenue of $22.75 million during the quarter.

Exodus Movement Stock Up 3.7%

Shares of NYSEAMERICAN:EXOD opened at $7.23 on Wednesday. The stock has a market cap of $215.38 million, a P/E ratio of -5.87 and a beta of 1.90. The business has a fifty day moving average of $8.06 and a two-hundred day moving average of $13.02. Exodus Movement has a 52-week low of $5.89 and a 52-week high of $42.00.

Analyst Upgrades and Downgrades

Several brokerages recently commented on EXOD. Benchmark decreased their price objective on shares of Exodus Movement from $42.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. Northland Securities set a $15.00 price objective on shares of Exodus Movement in a research note on Thursday, April 9th. Compass Point reissued a “buy” rating and issued a $19.00 target price on shares of Exodus Movement in a research report on Thursday, March 12th. BTIG Research dropped their price target on Exodus Movement from $20.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Zacks Research raised Exodus Movement from a “strong sell” rating to a “hold” rating in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Exodus Movement has a consensus rating of “Buy” and a consensus price target of $23.50.

Institutional Trading of Exodus Movement

A number of hedge funds and other institutional investors have recently modified their holdings of EXOD. Geode Capital Management LLC lifted its holdings in shares of Exodus Movement by 16.5% in the 4th quarter. Geode Capital Management LLC now owns 136,353 shares of the company’s stock worth $2,017,000 after acquiring an additional 19,304 shares during the last quarter. Vident Advisory LLC increased its stake 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 period. Goldman Sachs Group Inc. lifted its holdings in Exodus Movement by 87.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 19,568 shares of the company’s stock worth $289,000 after buying an additional 9,106 shares in the last quarter. Invesco Ltd. boosted its holdings in 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 purchasing an additional 5,436 shares during the period. Finally, Vontobel Holding Ltd. grew its position 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 buying an additional 1,295 shares in the last quarter.

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.