Exodus Movement, Inc. (NYSEAMERICAN:EXOD) Given Consensus Rating of “Buy” by Brokerages

Exodus Movement, Inc. (NYSEAMERICAN:EXOD – Get Free Report) has received a consensus recommendation of “Buy” from the eight analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $23.50.

Several research firms have recently weighed in on EXOD. Northland Securities set a $15.00 price target on shares of Exodus Movement in a report on Thursday, April 9th. Zacks Research cut shares of Exodus Movement from a “hold” rating to a “strong sell” rating in a report on Tuesday. Compass Point reiterated a “buy” rating and issued a $19.00 price target on shares of Exodus Movement in a report on Thursday, March 12th. BTIG Research reduced their price target on shares of Exodus Movement from $20.00 to $16.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Finally, Benchmark reduced their price target on shares of Exodus Movement from $42.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, March 12th.

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Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. State of Wyoming acquired a new position in shares of Exodus Movement during the third quarter worth about $58,000. Royal Bank of Canada boosted its position in shares of 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 during the period. Impact Partnership Wealth LLC acquired a new position in shares of Exodus Movement during the first quarter worth about $66,000. Hennion & Walsh Asset Management Inc. boosted its position in shares of Exodus Movement by 39.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 10,491 shares of the company’s stock worth $155,000 after buying an additional 2,951 shares during the period. Finally, Aristides Capital LLC acquired a new position in Exodus Movement during the fourth quarter worth $164,000.

Exodus Movement Trading Up 0.6%

NYSEAMERICAN:EXOD opened at $6.20 on Friday. Exodus Movement has a 1 year low of $5.74 and a 1 year high of $39.93. The stock has a market cap of $186.06 million, a price-to-earnings ratio of -4.88 and a beta of 1.72. The stock has a 50-day moving average price of $7.11 and a two-hundred day moving average price of $10.83.

Exodus Movement (NYSEAMERICAN:EXOD – Get Free Report) last posted its earnings results on Monday, May 11th. The company reported ($1.08) earnings per share (EPS) for the quarter. Exodus Movement had a negative net margin of 28.25% and a negative return on equity of 11.78%. The business had revenue of $22.75 million during the quarter. Sell-side analysts forecast that Exodus Movement will post -0.78 earnings per share 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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