Exodus Movement (NYSEAMERICAN:EXOD) Stock Rating Upgraded by Zacks Research

Exodus Movement (NYSEAMERICAN:EXOD) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

A number of other equities analysts also recently commented on EXOD. Cantor Fitzgerald reiterated an “overweight” rating on shares of Exodus Movement in a research note on Monday, June 15th. BTIG Research decreased their price target on Exodus Movement from $20.00 to $16.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Finally, Northland Securities set a $15.00 price objective on Exodus Movement in a research report on Thursday, April 9th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $23.50.

Exodus Movement Price Performance

EXOD stock opened at $5.18 on Tuesday. The business’s 50-day moving average is $6.26 and its two-hundred day moving average is $9.17. The firm has a market capitalization of $155.45 million, a P/E ratio of -4.08 and a beta of 1.93. Exodus Movement has a 1 year low of $4.65 and a 1 year high of $39.93.

Exodus Movement (NYSEAMERICAN:EXOD) last announced its quarterly earnings data on Monday, May 11th. The company reported ($1.08) EPS for the quarter. Exodus Movement had a negative return on equity of 11.78% and a negative net margin of 28.25%.The company had revenue of $22.75 million for the quarter. On average, analysts expect that Exodus Movement will post -1.37 EPS for the current year.

Institutional Trading of Exodus Movement

Several institutional investors have recently modified their holdings of EXOD. FTX Recovery Trust acquired a new stake in Exodus Movement during the 4th quarter worth $26,969,000. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Exodus Movement by 39.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 10,491 shares of the company’s stock valued at $155,000 after buying an additional 2,951 shares during the last quarter. Vident Advisory LLC raised its holdings in shares of Exodus Movement by 10.8% in the fourth quarter. Vident Advisory LLC now owns 22,881 shares of the company’s stock valued at $338,000 after buying an additional 2,229 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Exodus Movement by 42,971.4% during the fourth 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 during the period. Finally, Vontobel Holding Ltd. boosted its stake in shares of Exodus Movement by 9.3% during the fourth quarter. Vontobel Holding Ltd. now owns 15,266 shares of the company’s stock worth $226,000 after buying an additional 1,295 shares during the period.

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.