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

Exodus Movement, Inc. (NYSEAMERICAN:EXOD – Get Free Report) has received a consensus recommendation of “Buy” from the seven research firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $15.9167.

Several analysts have recently weighed in on the stock. Zacks Research upgraded shares of Exodus Movement from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Cantor Fitzgerald raised their price target on shares of Exodus Movement from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. Northland Securities set a $8.50 price objective on Exodus Movement in a report 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. Finally, BTIG Research lowered their price objective on Exodus Movement from $20.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th.

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Institutional Trading of Exodus Movement

A number of large investors have recently bought and sold shares of EXOD. FTX Recovery Trust bought a new position in shares of Exodus Movement during the fourth quarter valued at $26,969,000. Tidal Investments LLC boosted its stake in shares of Exodus Movement by 2.7% in the 3rd quarter. Tidal Investments LLC now owns 336,591 shares of the company’s stock valued at $9,350,000 after purchasing an additional 9,002 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Exodus Movement by 16.5% in the 4th quarter. Geode Capital Management LLC now owns 136,353 shares of the company’s stock worth $2,017,000 after purchasing an additional 19,304 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Exodus Movement by 47.5% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,343 shares of the company’s stock worth $3,010,000 after purchasing an additional 34,882 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings 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 worth $218,000 after purchasing an additional 33,281 shares during the last quarter.

Exodus Movement Price Performance

Shares of EXOD stock opened at $9.29 on Friday. The stock has a market cap of $280.56 million, a P/E ratio of -3.09 and a beta of 1.90. Exodus Movement has a one year low of $4.57 and a one year high of $32.92. The stock has a fifty day moving average price of $5.80 and a 200 day moving average price of $7.26.

Exodus Movement (NYSEAMERICAN:EXOD – Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.62) earnings per share for the quarter. The business had revenue of $26.23 million for the quarter. Exodus Movement had a negative return on equity of 36.07% and a negative net margin of 79.87%. Equities research analysts anticipate that Exodus Movement will post -1.46 EPS for the current year.

Exodus Movement Company Profile

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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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