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

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) has earned an average recommendation of “Buy” from the eight research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $23.50.

Several research analysts have recently weighed in on EXOD shares. Zacks Research raised shares of Exodus Movement from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. Benchmark dropped their target price on shares of Exodus Movement from $42.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. 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 target price on shares of Exodus Movement from $20.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Finally, Northland Securities set a $15.00 target price on shares of Exodus Movement in a research report on Thursday, April 9th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EXOD. Geode Capital Management LLC increased its position 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Exodus Movement in the second quarter worth approximately $2,118,000. Tidal Investments LLC purchased a new position in shares of Exodus Movement in the second quarter worth approximately $9,444,000. Vident Advisory LLC purchased a new position in shares of Exodus Movement in the second quarter worth approximately $369,000. Finally, State of Wyoming purchased a new position in Exodus Movement during the third quarter valued at approximately $58,000.

Exodus Movement Price Performance

NYSEAMERICAN EXOD opened at $6.21 on Friday. The company’s 50 day simple moving average is $7.13 and its 200 day simple moving average is $11.10. Exodus Movement has a 12 month low of $5.89 and a 12 month high of $39.93. The company has a market capitalization of $186.36 million, a P/E ratio of -4.89 and a beta of 1.72.

Exodus Movement (NYSEAMERICAN:EXOD) last released its earnings results on Monday, May 11th. The company reported ($1.08) EPS for the quarter. Exodus Movement had a negative return on equity of 11.78% and a negative net margin of 28.25%.The business had revenue of $22.75 million during the quarter. On average, analysts anticipate that Exodus Movement will post -0.78 earnings per share 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.