Exodus Movement (NYSEAMERICAN:EXOD) Price Target Lowered to $21.00 at Benchmark

Exodus Movement (NYSEAMERICAN:EXOD) had its price target lowered by equities research analysts at Benchmark from $42.00 to $21.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Benchmark’s price target points to a potential upside of 112.62% from the company’s previous close.

A number of other research firms have also recently issued reports on EXOD. Singular Research raised Exodus Movement to a “strong-buy” rating in a research note on Tuesday, November 18th. Zacks Research lowered shares of Exodus Movement from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 26th. BTIG Research reduced their price target on shares of Exodus Movement from $30.00 to $20.00 and set a “buy” rating for the company in a report on Thursday. Finally, HC Wainwright reissued a “buy” rating and set a $25.00 price objective on shares of Exodus Movement in a research report on Thursday, December 18th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $37.67.

Exodus Movement Stock Down 9.5%

EXOD stock traded down $1.03 during midday trading on Thursday, reaching $9.88. The company’s stock had a trading volume of 42,675 shares, compared to its average volume of 93,235. Exodus Movement has a 52 week low of $9.01 and a 52 week high of $57.00. The stock has a market cap of $289.69 million, a PE ratio of 3.00 and a beta of 1.04. The business’s 50-day simple moving average is $12.90 and its 200-day simple moving average is $19.04.

Exodus Movement (NYSEAMERICAN:EXOD) last posted its earnings results on Wednesday, March 11th. The company reported ($1.69) earnings per share (EPS) for the quarter. The company had revenue of $29.39 million for the quarter. Exodus Movement had a return on equity of 27.16% and a net margin of 79.42%. As a group, equities analysts forecast that Exodus Movement will post 1.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Exodus Movement

Hedge funds have recently bought and sold shares of the company. Vontobel Holding Ltd. lifted its position in shares of 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 buying an additional 1,295 shares during the last quarter. State of Wyoming bought a new stake in Exodus Movement in the 3rd quarter valued at $58,000. Vident Advisory LLC raised its stake in Exodus Movement by 10.8% in the 4th quarter. Vident Advisory LLC now owns 22,881 shares of the company’s stock valued at $338,000 after acquiring an additional 2,229 shares during the period. Hennion & Walsh Asset Management Inc. lifted 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 valued at $155,000 after purchasing an additional 2,951 shares during the last quarter. Finally, Royal Bank of Canada lifted 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 valued at $44,000 after purchasing an additional 3,008 shares during the last quarter.

About Exodus Movement

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.