Analysts Set Exodus Movement, Inc. (NYSEAMERICAN:EXOD) Price Target at $15.92

Shares of Exodus Movement, Inc. (NYSEAMERICAN:EXOD) have been given a consensus rating of “Buy” by the seven ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $15.25.

Several brokerages recently issued reports on EXOD. Northland Securities set a $8.50 price target on Exodus Movement in a research note on Wednesday, August 12th. Benchmark decreased their price objective on Exodus Movement from $21.00 to $12.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Cantor Fitzgerald boosted their price objective on 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 Exodus Movement from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Finally, BTIG Research reduced their target price on Exodus Movement from $16.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, September 15th.

Exodus Movement Price Performance

NYSEAMERICAN EXOD opened at $8.10 on Tuesday. The company’s fifty day moving average is $6.36 and its two-hundred day moving average is $6.85. Exodus Movement has a 52-week low of $4.57 and a 52-week high of $32.92. The firm has a market capitalization of $244.62 million, a price-to-earnings ratio of -2.69 and a beta of 2.02.

Exodus Movement (NYSEAMERICAN:EXOD) last announced its quarterly earnings data 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 company had revenue of $26.23 million for the quarter. As a group, sell-side analysts expect that Exodus Movement will post -1.54 earnings per share for the current fiscal year.

Insider Transactions at Exodus Movement

In other news, CFO James Gernetzke sold 5,682 shares of the stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $7.35, for a total value of $41,762.70. Following the completion of the transaction, the chief financial officer owned 463,988 shares in the company, valued at approximately $3,410,311.80. This represents a 1.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 14,592 shares of company stock valued at $111,736. Insiders own 67.67% of the company’s stock.

Institutional Trading of Exodus Movement

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

Exodus Movement Company Profile

Exodus Movement, Inc develops self-custodial software for managing digital assets. Its primary product, Exodus Wallet, enables users to store, send, receive, buy, sell and exchange cryptocurrencies and other supported digital assets while retaining control of their private keys. The wallet is available across desktop and mobile platforms and is designed for both new and experienced cryptocurrency users.

The company also provides access to additional blockchain-related services, including staking, decentralized applications and Web3 functionality, through its wallet ecosystem.