Exodus Movement (NYSEAMERICAN:EXOD) CFO Sells $39,276.16 in Stock

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) CFO James Gernetzke sold 5,579 shares of the business’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $7.04, for a total value of $39,276.16. Following the transaction, the chief financial officer owned 458,409 shares in the company, valued at $3,227,199.36. The trade was a 1.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

James Gernetzke also recently made the following trade(s):

• On Thursday, September 3rd, James Gernetzke sold 5,682 shares of Exodus Movement stock. The shares were sold at an average price of $7.35, for a total value of $41,762.70.

Exodus Movement Price Performance

Exodus Movement stock opened at $6.31 on Friday. The stock’s 50 day moving average price is $6.90 and its 200 day moving average price is $6.61. Exodus Movement, Inc. has a 1-year low of $4.57 and a 1-year high of $32.21. The company has a market cap of $190.56 million, a PE ratio of -2.10 and a beta of 2.05.

Exodus Movement (NYSEAMERICAN:EXOD) last released its earnings results on Monday, August 10th. The company reported ($0.62) EPS for the quarter. Exodus Movement had a negative net margin of 79.87% and a negative return on equity of 36.07%. The business had revenue of $26.23 million during the quarter. On average, equities research analysts anticipate that Exodus Movement, Inc. will post -1.54 EPS for the current fiscal year.

Hedge Funds Weigh In On Exodus Movement

Hedge funds have recently added to or reduced their stakes in the business. Impact Partnership Wealth LLC acquired a new position in Exodus Movement during the first quarter worth about $66,000. Bank of New York Mellon Corp acquired a new stake in shares of Exodus Movement in the second quarter valued at approximately $125,000. Aristides Capital LLC purchased a new position in shares of Exodus Movement during the 4th quarter worth approximately $164,000. Bank of America Corp DE increased its stake in shares of Exodus Movement by 17,155.2% during the 1st quarter. Bank of America Corp DE now owns 33,475 shares of the company’s stock worth $218,000 after purchasing an additional 33,281 shares in the last quarter. Finally, FTX Recovery Trust acquired a new position in shares of Exodus Movement during the 4th quarter worth approximately $26,969,000.

Analysts Set New Price Targets

Several research analysts have weighed in on EXOD shares. Northland Securities set a $8.50 target price on shares of Exodus Movement in a research report on Wednesday, August 12th. BTIG Research decreased their price target on Exodus Movement from $16.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, September 15th. Benchmark lowered their price target on Exodus Movement from $21.00 to $12.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Zacks Research raised Exodus Movement from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Finally, Cantor Fitzgerald raised their price objective on Exodus Movement from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $15.25.

Exodus Movement Company Profile

Exodus Movement, Inc develops and operates non-custodial cryptocurrency wallet software. Its products enable users to store, manage, send and receive digital assets while retaining control of their private keys. The company’s wallet is available through desktop and mobile applications and supports a broad range of cryptocurrencies and blockchain networks.

In addition to wallet functionality, Exodus provides services that can include in-wallet cryptocurrency swaps, staking and access to decentralized applications and other Web3 features.