Exodus Movement, Inc. (NYSEAMERICAN:EXOD) Given Consensus Rating of “Buy” by Analysts

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) has received an average recommendation of “Buy” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $42.8333.

EXOD has been the topic of several recent analyst reports. HC Wainwright reissued a “buy” rating and issued a $25.00 target price on shares of Exodus Movement in a research note on Thursday, December 18th. Zacks Research lowered Exodus Movement from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 26th. Benchmark reissued a “buy” rating on shares of Exodus Movement in a research note on Tuesday, November 25th. Singular Research upgraded Exodus Movement to a “strong-buy” rating in a report on Tuesday, November 18th. Finally, BTIG Research cut their price target on shares of Exodus Movement from $40.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, January 8th.

Exodus Movement Trading Down 1.7%

EXOD stock opened at $10.45 on Friday. The firm’s 50-day moving average price is $13.67 and its two-hundred day moving average price is $20.12. Exodus Movement has a 12-month low of $9.11 and a 12-month high of $57.00. The stock has a market capitalization of $306.50 million, a price-to-earnings ratio of 3.19 and a beta of 0.69.

Hedge Funds Weigh In On Exodus Movement

Hedge funds and other institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. boosted its position in Exodus Movement by 87.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 19,568 shares of the company’s stock valued at $289,000 after acquiring an additional 9,106 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Exodus Movement by 52.8% in the 4th quarter. Invesco Ltd. now owns 15,722 shares of the company’s stock valued at $233,000 after purchasing an additional 5,436 shares during the period. Vontobel Holding Ltd. lifted its stake in shares of Exodus Movement by 9.3% in the 4th quarter. Vontobel Holding Ltd. now owns 15,266 shares of the company’s stock valued at $226,000 after purchasing an additional 1,295 shares during the period. Aristides Capital LLC bought a new stake in shares of Exodus Movement during the fourth quarter valued at approximately $164,000. Finally, Royal Bank of Canada grew its stake in Exodus Movement by 42,971.4% in the fourth quarter. Royal Bank of Canada now owns 3,015 shares of the company’s stock worth $44,000 after purchasing an additional 3,008 shares during the period.

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.