Exodus Movement, Inc. (EXOD) – What Are Brokerages Thinking About This Stock?

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) has earned an average rating of “Buy” from the seven ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $15.25.

Several research analysts recently weighed in on EXOD shares. Zacks Research upgraded Exodus Movement from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Benchmark decreased their price target on Exodus Movement from $21.00 to $12.00 and set a “buy” rating for the company in a research note on Monday, July 20th. BTIG Research cut their price objective on shares of Exodus Movement from $16.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, September 15th. Northland Securities set a $8.50 price objective on shares of Exodus Movement in a report on Wednesday, August 12th. Finally, Cantor Fitzgerald boosted their target price on shares of Exodus Movement from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th.

Insider Transactions at Exodus Movement

In other Exodus Movement news, CFO James Gernetzke sold 5,682 shares of Exodus Movement stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $7.35, for a total transaction of $41,762.70. Following the completion of the sale, the chief financial officer owned 463,988 shares of the company’s stock, valued at approximately $3,410,311.80. The trade was a 1.21% decrease in their position. The sale was disclosed in a legal filing 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. In the last ninety days, insiders sold 20,036 shares of company stock valued at $150,568. Company insiders own 67.67% of the company’s stock.

Hedge Funds Weigh In On Exodus Movement

A hedge fund recently bought a new stake in Exodus Movement stock. Bank of New York Mellon Corp purchased a new position in Exodus Movement, Inc. (NYSEAMERICAN:EXOD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 24,174 shares of the company’s stock, valued at approximately $125,000. Bank of New York Mellon Corp owned about 0.08% of Exodus Movement at the end of the most recent reporting period.

Exodus Movement Price Performance

EXOD stock opened at $4.84 on Wednesday. Exodus Movement has a 1-year low of $4.57 and a 1-year high of $25.38. The business has a 50-day moving average price of $6.63 and a 200 day moving average price of $7.59. The company has a market capitalization of $146.17 million, a P/E ratio of -1.61 and a beta of 2.24.

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

Exodus Movement Company Profile

Exodus Movement, Inc develops and operates a non-custodial cryptocurrency wallet platform. Its software enables users to manage, store, send and receive digital assets while retaining control of their private keys. The company’s products are designed for individuals seeking to interact with cryptocurrencies and other blockchain-based assets without relying on a centralized exchange to hold their funds.

Exodus offers wallet applications for desktop and mobile devices, along with browser-based tools.