Exodus Movement (NYSEAMERICAN:EXOD – Get Free Report) had its target price boosted by stock analysts at Cantor Fitzgerald from $14.00 to $15.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Cantor Fitzgerald’s price target points to a potential upside of 200.60% from the stock’s current price.
Other equities research analysts have also issued research reports about the company. BTIG Research reduced their price target on Exodus Movement from $20.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Northland Securities set a $10.00 price objective on shares of Exodus Movement in a research report on Wednesday, July 22nd. Benchmark lowered their price objective on Exodus Movement from $21.00 to $12.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Finally, Zacks Research raised Exodus Movement from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $16.17.
Read Our Latest Research Report on Exodus Movement
Exodus Movement Stock Performance
Exodus Movement (NYSEAMERICAN:EXOD – Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The company reported ($0.62) earnings per share for the quarter. The business had revenue of $26.23 million during the quarter. Exodus Movement had a negative return on equity of 11.78% and a negative net margin of 28.25%. As a group, sell-side analysts forecast that Exodus Movement will post -1.5 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of EXOD. Royal Bank of Canada grew its holdings in Exodus Movement by 42,971.4% during the fourth quarter. Royal Bank of Canada now owns 3,015 shares of the company’s stock worth $44,000 after buying an additional 3,008 shares in the last quarter. Impact Partnership Wealth LLC bought a new position in Exodus Movement during the 1st quarter valued at $66,000. Bank of New York Mellon Corp bought a new position in Exodus Movement during the 2nd quarter valued at $125,000. Aristides Capital LLC purchased a new position in Exodus Movement during the 4th quarter worth $164,000. Finally, Bank of America Corp DE boosted its holdings in Exodus Movement by 17,155.2% during the 1st quarter. Bank of America Corp DE now owns 33,475 shares of the company’s stock worth $218,000 after acquiring an additional 33,281 shares during the last quarter.
Exodus Movement Company Profile
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.
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