Exodus Movement, Inc. (NYSEAMERICAN:EXOD) Receives Consensus Rating of “Buy” from Analysts

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) has received a consensus rating of “Buy” from the seven analysts that are presently covering the firm, MarketBeat.com reports. One research 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 target among brokerages that have covered the stock in the last year is $15.9167.

Several equities research analysts recently weighed in on EXOD shares. Cantor Fitzgerald boosted their target price on 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 shares of Exodus Movement in a research note on Wednesday, August 12th. Zacks Research raised Exodus Movement from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Finally, Benchmark cut their target price on Exodus Movement from $21.00 to $12.00 and set a “buy” rating on the stock in a research report on Monday, July 20th.

Exodus Movement Trading Up 5.3%

Exodus Movement stock opened at $6.33 on Tuesday. The company has a fifty day simple moving average of $6.18 and a 200-day simple moving average of $6.98. The stock has a market cap of $191.17 million, a P/E ratio of -2.10 and a beta of 2.02. Exodus Movement has a 12-month low of $4.57 and a 12-month high of $32.92.

Exodus Movement (NYSEAMERICAN:EXOD) last posted its earnings results on Monday, August 10th. The company reported ($0.62) EPS for the quarter. Exodus Movement had a negative net margin of 79.87% and a negative return on equity of 36.07%. The business had revenue of $26.23 million during the quarter. As a group, sell-side analysts forecast that Exodus Movement will post -1.54 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO James Gernetzke sold 5,682 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $7.35, for a total transaction of $41,762.70. Following the transaction, the chief financial officer owned 463,988 shares in the company, valued at $3,410,311.80. This trade represents a 1.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 14,592 shares of company stock valued at $111,736. 67.67% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Exodus Movement

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. FTX Recovery Trust acquired a new stake in Exodus Movement during the 4th quarter worth approximately $26,969,000. Bank of America Corp DE grew its position in 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 valued at $218,000 after buying an additional 33,281 shares during the last quarter. Aristides Capital LLC purchased a new position in Exodus Movement in the 4th quarter valued at $164,000. Bank of New York Mellon Corp increased its stake in Exodus Movement by 20.2% in the 1st quarter. Bank of New York Mellon Corp now owns 24,526 shares of the company’s stock valued at $159,000 after buying an additional 4,124 shares during the period. Finally, Impact Partnership Wealth LLC purchased a new position in Exodus Movement during the 1st quarter worth $66,000.

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.