Exodus Movement’s (EXOD) “Buy” Rating Reiterated at HC Wainwright

HC Wainwright reissued their buy rating on shares of Exodus Movement (NYSEAMERICAN:EXOD) in a research report released on Thursday morning,Benzinga reports. The firm currently has a $25.00 target price on the stock.

Several other analysts also recently weighed in on the stock. Zacks Research downgraded shares of Exodus Movement from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 26th. Singular Research upgraded Exodus Movement to a “strong-buy” rating in a report on Tuesday, November 18th. BTIG Research reissued a “buy” rating and issued a $40.00 target price on shares of Exodus Movement in a research note on Tuesday, November 25th. Finally, Benchmark restated a “buy” rating on shares of Exodus Movement in a research report on Tuesday, November 25th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $48.14.

Exodus Movement Price Performance

NYSEAMERICAN:EXOD opened at $15.51 on Thursday. The company has a market capitalization of $454.91 million, a price-to-earnings ratio of 4.73 and a beta of 0.50. The business has a 50 day moving average of $19.52 and a 200 day moving average of $26.15. Exodus Movement has a 1-year low of $13.31 and a 1-year high of $117.40.

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

Institutional Investors Weigh In On Exodus Movement

Large investors have recently made changes to their positions in the business. Floyd Financial Group LLC purchased a new position in Exodus Movement during the 2nd quarter valued at $1,087,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Exodus Movement during the 1st quarter valued at about $262,000. Invesco Ltd. purchased a new position in shares of Exodus Movement during the first quarter valued at about $420,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Exodus Movement by 47.5% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,343 shares of the company’s stock worth $3,010,000 after buying an additional 34,882 shares in the last quarter. Finally, Vident Advisory LLC raised its stake in Exodus Movement by 61.4% in the third quarter. Vident Advisory LLC now owns 20,652 shares of the company’s stock worth $574,000 after buying an additional 7,857 shares in the last quarter.

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.