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

Exodus Movement, Inc. (NYSEAMERICAN:EXOD – Get Free Report) has received a consensus rating of “Buy” from the seven brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $21.1667.

EXOD has been the subject of several research reports. Benchmark lowered their price objective on shares of Exodus Movement from $21.00 to $12.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Northland Securities set a $10.00 target price on shares of Exodus Movement in a research report on Wednesday. Cantor Fitzgerald reiterated an “overweight” rating on shares of Exodus Movement in a research report on Monday, June 15th. Zacks Research raised shares of Exodus Movement from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Finally, BTIG Research lowered 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.

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Hedge Funds Weigh In On Exodus Movement

Several large investors have recently made changes to their positions in the company. Vontobel Holding Ltd. boosted its holdings in Exodus Movement by 9.3% in the fourth quarter. Vontobel Holding Ltd. now owns 15,266 shares of the company’s stock valued at $226,000 after acquiring an additional 1,295 shares during the last quarter. Vident Advisory LLC increased its position in Exodus Movement by 10.8% in the fourth quarter. Vident Advisory LLC now owns 22,881 shares of the company’s stock worth $338,000 after purchasing an additional 2,229 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in Exodus Movement by 39.1% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 10,491 shares of the company’s stock worth $155,000 after purchasing an additional 2,951 shares during the last quarter. Royal Bank of Canada raised its holdings in Exodus Movement by 42,971.4% during the 4th quarter. Royal Bank of Canada now owns 3,015 shares of the company’s stock worth $44,000 after purchasing an additional 3,008 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Exodus Movement by 20.2% during the 1st quarter. Bank of New York Mellon Corp now owns 24,526 shares of the company’s stock worth $159,000 after purchasing an additional 4,124 shares during the last quarter.

Exodus Movement Stock Performance

Shares of NYSEAMERICAN:EXOD opened at $5.17 on Monday. Exodus Movement has a twelve month low of $4.57 and a twelve month high of $34.06. The firm has a market cap of $155.15 million, a PE ratio of -4.07 and a beta of 1.93. The business has a fifty day moving average of $5.96 and a 200-day moving average of $8.68.

Exodus Movement (NYSEAMERICAN:EXOD – Get Free Report) last released its quarterly earnings results on Monday, May 11th. The company reported ($1.08) earnings per share (EPS) for the quarter. The business had revenue of $22.75 million during the quarter. Exodus Movement had a negative net margin of 28.25% and a negative return on equity of 11.78%. On average, analysts anticipate that Exodus Movement will post -1.37 EPS for the current fiscal year.

About Exodus Movement

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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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