BTIG Research Cuts Exodus Movement (NYSEAMERICAN:EXOD) Price Target to $30.00

Exodus Movement (NYSEAMERICAN:EXOD) had its target price cut by BTIG Research from $40.00 to $30.00 in a research report released on Thursday morning, Marketbeat Ratings reports. They currently have a buy rating on the stock.

Several other brokerages have also recently issued reports on EXOD. Benchmark reissued a “buy” rating on shares of Exodus Movement in a report on Tuesday, November 25th. Zacks Research lowered Exodus Movement from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 26th. Singular Research raised Exodus Movement to a “strong-buy” rating in a report on Tuesday, November 18th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $25.00 target price on shares of Exodus Movement in a report on Thursday, December 18th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Exodus Movement has an average rating of “Buy” and a consensus price target of $46.71.

Exodus Movement Stock Up 1.7%

Shares of NYSEAMERICAN:EXOD opened at $16.34 on Thursday. Exodus Movement has a 52-week low of $13.31 and a 52-week high of $117.40. The stock has a market cap of $479.25 million, a price-to-earnings ratio of 4.98 and a beta of 0.67. The business has a 50-day moving average price of $16.53 and a 200-day moving average price of $24.58.

Exodus Movement (NYSEAMERICAN:EXOD) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.53 earnings per share for the quarter. Exodus Movement had a net margin of 79.42% and a return on equity of 27.16%. The company had revenue of $30.34 million for the quarter. As a group, equities analysts anticipate that Exodus Movement will post 1.62 EPS for the current fiscal year.

Institutional Trading of Exodus Movement

A number of hedge funds have recently made changes to their positions in the company. State of Wyoming acquired a new stake in shares of Exodus Movement during the third quarter valued at about $58,000. Hennion & Walsh Asset Management Inc. acquired a new stake in Exodus Movement during the 3rd quarter valued at approximately $209,000. Hussman Strategic Advisors Inc. purchased a new stake in Exodus Movement during the 3rd quarter worth approximately $233,000. Vident Advisory LLC acquired a new position in shares of Exodus Movement in the 2nd quarter valued at approximately $369,000. Finally, Vontobel Holding Ltd. purchased a new position in shares of Exodus Movement during the 3rd quarter valued at approximately $388,000.

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.