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

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) has been given an average recommendation of “Buy” by the ten analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $46.7143.

EXOD has been the topic of a number of recent research reports. BTIG Research lowered their price objective on Exodus Movement from $40.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. HC Wainwright reissued a “buy” rating and set a $25.00 price target on shares of Exodus Movement in a research report on Thursday, December 18th. Benchmark restated a “buy” rating on shares of Exodus Movement in a research report on Tuesday, November 25th. Zacks Research downgraded shares of Exodus Movement from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 26th. Finally, Singular Research raised shares of Exodus Movement to a “strong-buy” rating in a research note on Tuesday, November 18th.

Exodus Movement Trading Up 1.7%

EXOD opened at $18.40 on Thursday. Exodus Movement has a twelve month low of $13.31 and a twelve month high of $117.40. The firm has a market capitalization of $539.67 million, a PE ratio of 5.61 and a beta of 0.67. The firm’s 50-day moving average price is $16.19 and its 200 day moving average price is $24.33.

Exodus Movement (NYSEAMERICAN:EXOD) last released its earnings results on Monday, November 10th. The company reported $0.53 earnings per share for the quarter. The business had revenue of $30.34 million for the quarter. Exodus Movement had a net margin of 79.42% and a return on equity of 27.16%. As a group, analysts predict that Exodus Movement will post 1.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Exodus Movement

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EXOD. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Exodus Movement by 39.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 10,491 shares of the company’s stock valued at $155,000 after purchasing an additional 2,951 shares during the last quarter. Tidal Investments LLC raised its holdings in Exodus Movement by 2.7% in the 3rd quarter. Tidal Investments LLC now owns 336,591 shares of the company’s stock valued at $9,350,000 after buying an additional 9,002 shares during the period. Millennium Management LLC raised its holdings in Exodus Movement by 46.5% in the 3rd quarter. Millennium Management LLC now owns 17,812 shares of the company’s stock valued at $495,000 after buying an additional 5,651 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Exodus Movement by 47.5% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,343 shares of the company’s stock valued at $3,010,000 after buying an additional 34,882 shares during the last quarter. Finally, Vident Advisory LLC boosted its stake in Exodus Movement by 61.4% during the third quarter. Vident Advisory LLC now owns 20,652 shares of the company’s stock worth $574,000 after buying an additional 7,857 shares during the period.

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.