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

Shares of Exodus Movement, Inc. (NYSEAMERICAN:EXOD) have been assigned an average recommendation of “Buy” from the eight research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $23.50.

Several research analysts have recently issued reports on the stock. Benchmark decreased their price objective on shares of Exodus Movement from $42.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, March 12th. Zacks Research upgraded shares of Exodus Movement from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. Compass Point reiterated a “buy” rating and issued a $19.00 price objective on shares of Exodus Movement in a report on Thursday, March 12th. BTIG Research decreased their price objective on shares of 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 shares of Exodus Movement in a report on Thursday, April 9th.

Institutional Trading of Exodus Movement

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE raised its holdings in shares of 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. Bank of New York Mellon Corp raised its holdings in shares of Exodus Movement by 20.2% in the 1st quarter. Bank of New York Mellon Corp now owns 24,526 shares of the company’s stock worth $159,000 after purchasing an additional 4,124 shares in the last quarter. Impact Partnership Wealth LLC bought a new stake in shares of Exodus Movement in the 1st quarter worth approximately $66,000. Aristides Capital LLC bought a new stake in shares of Exodus Movement in the 4th quarter worth approximately $164,000. Finally, Invesco Ltd. raised its holdings in shares of Exodus Movement by 52.8% in the 4th quarter. Invesco Ltd. now owns 15,722 shares of the company’s stock worth $233,000 after purchasing an additional 5,436 shares in the last quarter.

Exodus Movement Price Performance

Exodus Movement stock opened at $6.21 on Friday. The firm has a 50 day simple moving average of $7.13 and a 200-day simple moving average of $11.10. The stock has a market capitalization of $186.36 million, a PE ratio of -4.89 and a beta of 1.72. Exodus Movement has a 12-month low of $5.89 and a 12-month high of $39.93.

Exodus Movement (NYSEAMERICAN:EXOD) last posted its quarterly earnings data on Monday, May 11th. The company reported ($1.08) earnings per share (EPS) for the quarter. The company had revenue of $22.75 million during the quarter. Exodus Movement had a negative net margin of 28.25% and a negative return on equity of 11.78%. On average, analysts forecast that Exodus Movement will post -0.78 earnings per share for the current fiscal year.

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.