Exodus Movement (NYSEAMERICAN:EXOD) Price Target Raised to $15.00

Exodus Movement (NYSEAMERICAN:EXOD) had its price target boosted by Cantor Fitzgerald from $14.00 to $15.00 in a report published on Wednesday, Marketbeat Ratings reports. The firm currently has an overweight rating on the stock.

A number of other equities research analysts have also recently commented on the stock. BTIG Research lowered their price target on shares of Exodus Movement from $20.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Benchmark dropped their price target 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. Zacks Research raised Exodus Movement from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Finally, Northland Securities set a $10.00 price objective on Exodus Movement in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $15.92.

Exodus Movement Stock Performance

NYSEAMERICAN EXOD opened at $7.77 on Wednesday. Exodus Movement has a 52-week low of $4.57 and a 52-week high of $32.92. The company has a 50-day simple moving average of $5.53 and a 200 day simple moving average of $7.58. The company has a market capitalization of $233.18 million, a PE ratio of -2.58 and a beta of 1.90.

Exodus Movement (NYSEAMERICAN:EXOD) last announced its quarterly earnings data on Monday, August 10th. The company reported ($0.62) EPS for the quarter. The company had revenue of $26.23 million during the quarter. Exodus Movement had a negative return on equity of 36.07% and a negative net margin of 79.87%. As a group, analysts forecast that Exodus Movement will post -1.46 EPS for the current fiscal year.

Institutional Investors Weigh In On Exodus Movement

Institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada grew its stake in Exodus Movement by 42,971.4% during the fourth quarter. Royal Bank of Canada now owns 3,015 shares of the company’s stock valued at $44,000 after acquiring an additional 3,008 shares in the last quarter. Impact Partnership Wealth LLC bought a new stake in Exodus Movement during the 1st quarter worth approximately $66,000. Bank of New York Mellon Corp purchased a new stake in Exodus Movement in the 2nd quarter worth approximately $125,000. Aristides Capital LLC purchased a new stake in Exodus Movement in the 4th quarter worth approximately $164,000. Finally, Bank of America Corp DE lifted its stake 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 worth $218,000 after purchasing an additional 33,281 shares in 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.