Brokerages Set Exodus Movement, Inc. (NYSEAMERICAN:EXOD) Price Target at $23.50

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) has earned a consensus recommendation of “Buy” from the eight research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $23.50.

Several brokerages recently weighed in on EXOD. Compass Point reiterated a “buy” rating and issued a $19.00 price objective on shares of Exodus Movement in a research report on Thursday, March 12th. Zacks Research upgraded shares of Exodus Movement from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. Benchmark cut their price objective on shares of Exodus Movement from $42.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. Northland Securities set a $15.00 price objective on shares of Exodus Movement in a research report on Thursday, April 9th. Finally, BTIG Research dropped their price target on shares of Exodus Movement from $20.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th.

Institutional Trading of Exodus Movement

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada raised its position in shares of 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 buying an additional 3,008 shares in the last quarter. State of Wyoming bought a new stake in shares of Exodus Movement during the 3rd quarter worth about $58,000. Impact Partnership Wealth LLC bought a new stake in shares of Exodus Movement during the 1st quarter worth about $66,000. Hennion & Walsh Asset Management Inc. raised its position in shares of 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 buying an additional 2,951 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of 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 buying an additional 4,124 shares in the last quarter.

Exodus Movement Stock Down 1.9%

Shares of NYSEAMERICAN:EXOD opened at $7.08 on Wednesday. The company has a market cap of $211.05 million, a PE ratio of -5.57 and a beta of 1.90. The company’s 50-day moving average price is $7.65 and its 200 day moving average price is $12.39. Exodus Movement has a fifty-two week low of $5.89 and a fifty-two week high of $39.93.

Exodus Movement (NYSEAMERICAN:EXOD) last issued its quarterly earnings data on Monday, May 11th. The company reported ($1.08) earnings per share for the quarter. The firm 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%. As a group, equities analysts anticipate that Exodus Movement will post -0.78 EPS for the current year.

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.