Exodus Movement’s (EXOD) “Buy” Rating Reiterated at BTIG Research

BTIG Research reiterated their buy rating on shares of Exodus Movement (NYSEAMERICAN:EXOD) in a research report report published on Tuesday morning,Benzinga reports. BTIG Research currently has a $40.00 price target on the stock.

EXOD has been the subject of a number of other reports. Zacks Research upgraded shares of Exodus Movement from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 28th. Benchmark dropped their target price on shares of Exodus Movement from $58.00 to $42.00 and set a “buy” rating on the stock in a report on Tuesday, November 11th. Cantor Fitzgerald began coverage on shares of Exodus Movement in a report on Friday, August 15th. They set an “overweight” rating and a $45.00 price target for the company. Finally, Singular Research raised Exodus Movement to a “strong-buy” rating in a research report on Tuesday, November 18th. Three research analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to data from MarketBeat, Exodus Movement has an average rating of “Buy” and a consensus price target of $48.14.

Exodus Movement Stock Performance

EXOD opened at $17.79 on Tuesday. The company has a market cap of $521.78 million, a PE ratio of 5.42 and a beta of 0.11. The stock has a 50-day moving average of $24.15 and a 200-day moving average of $28.37. Exodus Movement has a 52-week low of $13.90 and a 52-week high of $117.40.

Exodus Movement (NYSEAMERICAN:EXOD) last issued its quarterly earnings data 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 return on equity of 27.16% and a net margin of 79.42%. On average, research analysts predict that Exodus Movement will post 1.62 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. State of Wyoming acquired a new stake in Exodus Movement during the third quarter worth $58,000. CWM LLC bought a new position in shares of Exodus Movement during the 1st quarter worth about $158,000. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Exodus Movement during the 3rd quarter valued at about $209,000. Hussman Strategic Advisors Inc. acquired a new stake in shares of Exodus Movement during the 3rd quarter valued at about $233,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in Exodus Movement in the first quarter valued at about $262,000.

About Exodus Movement

Exodus Movement, Inc develops blockchain asset investors platform to secure, exchange and manage wealth inside one application. The company was founded by Daniel Castagnoli and Jon Paul Richardson in 2015 and is headquartered in Omaha, NE.