Exodus Movement (NYSEAMERICAN:EXOD) Price Target Raised to $16.00

Exodus Movement (NYSEAMERICAN:EXOD) had its price target increased by Cantor Fitzgerald from $15.00 to $16.00 in a research report sent to investors on Thursday, Marketbeat reports. They currently have an overweight rating on the stock.

Several other equities analysts also recently commented on the stock. BTIG Research decreased their price objective on shares of Exodus Movement from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday. Northland Securities set a $8.50 target price on shares of Exodus Movement in a research note on Wednesday, August 12th. Finally, Benchmark reduced their target price on shares of Exodus Movement from $21.00 to $12.00 and set a “buy” rating for the company in a report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Exodus Movement has a consensus rating of “Buy” and a consensus price target of $15.08.

Exodus Movement Stock Down 9.1%

Shares of EXOD stock traded down $0.44 during trading on Thursday, reaching $4.39. 69,790 shares of the company’s stock were exchanged, compared to its average volume of 77,805. The stock has a market capitalization of $132.58 million, a PE ratio of -1.15 and a beta of 2.24. Exodus Movement has a twelve month low of $3.78 and a twelve month high of $19.96. The firm’s fifty day moving average price is $6.03 and its 200-day moving average price is $7.14.

Exodus Movement (NYSEAMERICAN:EXOD) last posted its quarterly earnings results on Monday, November 9th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.24). Exodus Movement had a negative net margin of 101.08% and a negative return on equity of 51.76%. The business had revenue of $32.54 million during the quarter. As a group, analysts anticipate that Exodus Movement will post -2.03 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO James Gernetzke sold 5,579 shares of the business’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $7.04, for a total value of $39,276.16. Following the completion of the sale, the chief financial officer directly owned 458,409 shares in the company, valued at $3,227,199.36. The trade was a 1.20% decrease in their position. The transaction was disclosed in a document filed 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 20,036 shares of company stock worth $150,568. Company insiders own 67.67% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Exodus Movement stock. Bank of New York Mellon Corp bought a new stake in Exodus Movement, Inc. (NYSEAMERICAN:EXOD) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 24,174 shares of the company’s stock, valued at approximately $125,000. Bank of New York Mellon Corp owned 0.08% of Exodus Movement as of its most recent filing with the Securities and Exchange Commission (SEC).

About Exodus Movement

Exodus Movement, Inc. develops self-custodial software for managing digital assets. Its Exodus Wallet is available on desktop and mobile devices and supports users in storing and managing cryptocurrencies while retaining control of their private keys. The wallet also provides access to services such as buying, selling, swapping and staking supported digital assets. Exodus earns revenue in part from fees associated with transactions conducted through services integrated into its products. Founded in 2015, the company serves a global user base.