Exodus Movement (NYSEAMERICAN:EXOD) Price Target Lowered to $30.00 at BTIG Research

Exodus Movement (NYSEAMERICAN:EXOD) had its price target decreased by research analysts at BTIG Research from $40.00 to $30.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. BTIG Research’s target price points to a potential upside of 86.16% from the company’s current price.

A number of other analysts also recently issued reports on the company. Benchmark reaffirmed a “buy” rating on shares of Exodus Movement in a research note on Tuesday, November 25th. Zacks Research cut shares of Exodus Movement from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 26th. HC Wainwright reiterated a “buy” rating and issued a $25.00 target price on shares of Exodus Movement in a report on Thursday, December 18th. Finally, Singular Research upgraded shares of Exodus Movement to a “strong-buy” rating in a report on Tuesday, November 18th. Two equities research 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 data from MarketBeat.com, Exodus Movement has an average rating of “Buy” and a consensus target price of $46.71.

Exodus Movement Stock Down 0.7%

EXOD traded down $0.12 during trading on Thursday, reaching $16.12. The company’s stock had a trading volume of 59,344 shares, compared to its average volume of 86,295. The company has a market cap of $472.65 million, a price-to-earnings ratio of 4.91 and a beta of 0.67. The firm has a fifty day simple moving average of $16.84 and a two-hundred day simple moving average of $24.79. Exodus Movement has a 1 year low of $13.31 and a 1 year high of $117.40.

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

Institutional Trading of Exodus Movement

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Wyoming acquired a new position in Exodus Movement during the third quarter worth $58,000. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Exodus Movement in the 3rd quarter valued at $209,000. Hussman Strategic Advisors Inc. acquired a new position in Exodus Movement during the 3rd quarter worth about $233,000. Vident Advisory LLC acquired a new position in Exodus Movement during the 2nd quarter worth about $369,000. Finally, Vontobel Holding Ltd. purchased a new position in Exodus Movement during the 3rd quarter valued at about $388,000.

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.