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

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) has earned a consensus rating of “Buy” from the ten research firms that are currently covering the stock, Marketbeat.com reports. One 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 12-month target price among analysts that have issued a report on the stock in the last year is $48.1429.

EXOD has been the topic of several research analyst reports. Benchmark reiterated a “buy” rating on shares of Exodus Movement in a research report on Tuesday, November 25th. BTIG Research reiterated a “buy” rating and set a $40.00 target price on shares of Exodus Movement in a report on Tuesday, November 25th. Zacks Research cut Exodus Movement from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 26th. HC Wainwright restated a “buy” rating and set a $25.00 price target on shares of Exodus Movement in a research report on Thursday, December 18th. Finally, Singular Research upgraded Exodus Movement to a “strong-buy” rating in a report on Tuesday, November 18th.

Institutional Investors Weigh In On Exodus Movement

Several hedge funds have recently bought and sold shares of the business. Floyd Financial Group LLC bought a new position in shares of Exodus Movement during the second quarter valued at approximately $1,087,000. Tidal Investments LLC grew its stake in shares of Exodus Movement by 2.7% in the 3rd quarter. Tidal Investments LLC now owns 336,591 shares of the company’s stock worth $9,350,000 after buying an additional 9,002 shares during the last quarter. Geode Capital Management LLC increased its position in Exodus Movement by 109.0% during the 2nd quarter. Geode Capital Management LLC now owns 121,757 shares of the company’s stock valued at $3,511,000 after buying an additional 63,501 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Exodus Movement by 47.5% during 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 holdings in Exodus Movement by 61.4% in the third quarter. Vident Advisory LLC now owns 20,652 shares of the company’s stock worth $574,000 after acquiring an additional 7,857 shares in the last quarter.

Exodus Movement Stock Up 1.9%

Shares of Exodus Movement stock opened at $16.23 on Thursday. The business has a 50 day moving average of $16.84 and a 200 day moving average of $24.79. Exodus Movement has a 52 week low of $13.31 and a 52 week high of $117.40. The company has a market cap of $476.03 million, a PE ratio of 4.95 and a beta of 0.67.

Exodus Movement (NYSEAMERICAN:EXOD) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.53 earnings per share (EPS) for the quarter. Exodus Movement had a net margin of 79.42% and a return on equity of 27.16%. The business had revenue of $30.34 million for the quarter. On average, research analysts anticipate that Exodus Movement will post 1.62 earnings per share for the current year.

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.