Exodus Movement, Inc. (NYSEAMERICAN:EXOD) Given Average Rating of “Buy” by Analysts

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) has received an average recommendation of “Buy” from the seven brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $15.9167.

A number of brokerages recently issued reports on EXOD. Northland Securities set a $8.50 price target on Exodus Movement in a report on Wednesday, August 12th. Benchmark dropped their price target on Exodus Movement from $21.00 to $12.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. BTIG Research cut 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, May 12th. Zacks Research upgraded Exodus Movement from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Finally, Cantor Fitzgerald upped their price objective on shares of Exodus Movement from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th.

Hedge Funds Weigh In On Exodus Movement

Several institutional investors have recently bought and sold shares of the business. Vontobel Holding Ltd. increased its holdings in shares of Exodus Movement by 9.3% in the 4th quarter. Vontobel Holding Ltd. now owns 15,266 shares of the company’s stock valued at $226,000 after acquiring an additional 1,295 shares during the period. Vident Advisory LLC lifted its stake in shares of 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 purchasing an additional 2,229 shares during the last quarter. Royal Bank of Canada boosted its position in Exodus Movement by 42,971.4% during the fourth quarter. Royal Bank of Canada now owns 3,015 shares of the company’s stock valued at $44,000 after purchasing an additional 3,008 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Exodus Movement by 20.2% during the first quarter. Bank of New York Mellon Corp now owns 24,526 shares of the company’s stock valued at $159,000 after purchasing an additional 4,124 shares in the last quarter. Finally, Invesco Ltd. grew its stake 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 last quarter.

Exodus Movement Stock Performance

Shares of EXOD stock opened at $7.81 on Friday. The stock has a 50 day moving average price of $5.59 and a 200 day moving average price of $7.33. Exodus Movement has a 52-week low of $4.57 and a 52-week high of $32.92. The firm has a market capitalization of $234.38 million, a P/E ratio of -2.59 and a beta of 1.90.

Exodus Movement (NYSEAMERICAN:EXOD) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.62) EPS for the quarter. The company had revenue of $26.23 million during the quarter. Exodus Movement had a negative return on equity of 36.07% and a negative net margin of 79.87%. As a group, sell-side analysts forecast that Exodus Movement will post -1.46 EPS 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.