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

Shares of Exodus Movement, Inc. (NYSEAMERICAN:EXOD) have received a consensus rating of “Buy” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $15.9167.

EXOD has been the subject of several research reports. Cantor Fitzgerald increased their price objective on shares of Exodus Movement from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Zacks Research upgraded shares of Exodus Movement from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Benchmark lowered their price target on shares of Exodus Movement from $21.00 to $12.00 and set a “buy” rating for the company in a report on Monday, July 20th. Northland Securities set a $8.50 price target on Exodus Movement in a research report on Wednesday, August 12th. Finally, BTIG Research reduced their price objective on Exodus Movement from $20.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th.

Exodus Movement Price Performance

NYSEAMERICAN EXOD opened at $7.81 on Friday. The stock has a market capitalization of $234.38 million, a PE ratio of -2.59 and a beta of 1.90. The business has a 50 day simple moving average of $5.59 and a two-hundred day simple moving average of $7.33. Exodus Movement has a 1-year low of $4.57 and a 1-year high of $32.92.

Exodus Movement (NYSEAMERICAN:EXOD) last posted 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 firm had revenue of $26.23 million for the quarter. On average, analysts anticipate that Exodus Movement will post -1.46 EPS for the current fiscal year.

Institutional Trading of Exodus Movement

Several hedge funds and other institutional investors have recently bought and sold shares of EXOD. Geode Capital Management LLC boosted its stake in Exodus Movement by 109.0% during the second quarter. Geode Capital Management LLC now owns 121,757 shares of the company’s stock worth $3,511,000 after buying an additional 63,501 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Exodus Movement in the second quarter valued at $2,118,000. Tidal Investments LLC purchased a new stake in shares of Exodus Movement in the second quarter valued at $9,444,000. Vident Advisory LLC bought a new stake in shares of Exodus Movement in the 2nd quarter worth about $369,000. Finally, Millennium Management LLC lifted its holdings in shares of Exodus Movement by 46.5% in the 3rd quarter. Millennium Management LLC now owns 17,812 shares of the company’s stock worth $495,000 after acquiring an additional 5,651 shares during 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.