BTIG Research Cuts Exodus Movement (NYSEAMERICAN:EXOD) Price Target to $20.00

Exodus Movement (NYSEAMERICAN:EXOD) had its target price lowered by equities research analysts at BTIG Research from $30.00 to $20.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. BTIG Research’s price target points to a potential upside of 83.32% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. HC Wainwright restated a “buy” rating and issued a $25.00 target price on shares of Exodus Movement in a research report on Thursday, December 18th. Singular Research raised shares of Exodus Movement to a “strong-buy” rating in a research note on Tuesday, November 18th. Benchmark restated a “buy” rating on shares of Exodus Movement in a research report on Tuesday, November 25th. Finally, Zacks Research cut Exodus Movement from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 26th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Exodus Movement currently has an average rating of “Buy” and an average price target of $41.17.

Exodus Movement Trading Down 0.2%

Shares of EXOD stock opened at $10.91 on Thursday. The stock has a market cap of $319.99 million, a P/E ratio of 3.33 and a beta of 1.04. Exodus Movement has a 1 year low of $9.11 and a 1 year high of $57.00. The stock has a 50 day simple moving average of $12.90 and a 200 day simple moving average of $19.04.

Exodus Movement (NYSEAMERICAN:EXOD) last posted its quarterly earnings data on Wednesday, March 11th. The company reported ($1.69) EPS for the quarter. The company had revenue of $29.39 million for the quarter. Exodus Movement had a return on equity of 27.16% and a net margin of 79.42%. Analysts forecast that Exodus Movement will post 1.62 EPS for the current year.

Institutional Trading of Exodus Movement

Several hedge funds and other institutional investors have recently made changes to their positions in the company. State of Wyoming acquired a new position in shares of Exodus Movement in the third quarter valued at approximately $58,000. Royal Bank of Canada boosted its position in Exodus Movement by 42,971.4% during the 4th quarter. Royal Bank of Canada now owns 3,015 shares of the company’s stock worth $44,000 after buying an additional 3,008 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new stake in Exodus Movement during the 3rd quarter worth approximately $209,000. Hussman Strategic Advisors Inc. bought a new stake in Exodus Movement during the 3rd quarter worth approximately $233,000. Finally, Aristides Capital LLC bought a new stake in Exodus Movement during the 4th quarter worth approximately $164,000.

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.