Analysts Set Exodus Movement, Inc. (NYSEAMERICAN:EXOD) PT at $48.14

Shares of Exodus Movement, Inc. (NYSEAMERICAN:EXOD) have earned an average rating of “Buy” from the ten analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $46.7143.

Several equities analysts have commented on the stock. Benchmark reiterated a “buy” rating on shares of Exodus Movement in a research report on Tuesday, November 25th. BTIG Research decreased their target price on shares of Exodus Movement from $40.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday. Singular Research upgraded Exodus Movement to a “strong-buy” rating in a research report on Tuesday, November 18th. HC Wainwright reissued a “buy” rating and set a $25.00 price objective on shares of Exodus Movement in a research note on Thursday, December 18th. Finally, Zacks Research lowered Exodus Movement from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 26th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Tidal Investments LLC increased its position in Exodus Movement by 2.7% during the third quarter. Tidal Investments LLC now owns 336,591 shares of the company’s stock valued at $9,350,000 after acquiring an additional 9,002 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Exodus Movement by 109.0% during the 2nd quarter. Geode Capital Management LLC now owns 121,757 shares of the company’s stock worth $3,511,000 after purchasing an additional 63,501 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Exodus Movement by 47.5% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,343 shares of the company’s stock valued at $3,010,000 after purchasing an additional 34,882 shares during the last quarter. Floyd Financial Group LLC purchased a new stake in Exodus Movement in the 2nd quarter worth about $1,087,000. Finally, Vident Advisory LLC raised its position in Exodus Movement by 61.4% in the 3rd quarter. Vident Advisory LLC now owns 20,652 shares of the company’s stock worth $574,000 after purchasing an additional 7,857 shares during the period.

Exodus Movement Trading Up 1.7%

Shares of Exodus Movement stock opened at $16.34 on Thursday. Exodus Movement has a 12-month low of $13.31 and a 12-month high of $117.40. The company’s fifty day simple moving average is $16.53 and its two-hundred day simple moving average is $24.58. The company has a market cap of $479.25 million, a P/E ratio of 4.98 and a beta of 0.67.

Exodus Movement (NYSEAMERICAN:EXOD) last posted its earnings results on Monday, November 10th. The company reported $0.53 EPS for the quarter. Exodus Movement had a return on equity of 27.16% and a net margin of 79.42%.The firm had revenue of $30.34 million during the quarter. Analysts predict that Exodus Movement will post 1.62 EPS for the current fiscal year.

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.