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

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

Several equities analysts recently commented on the company. Compass Point restated a “buy” rating and set a $19.00 target price on shares of Exodus Movement in a research report on Thursday, March 12th. Northland Securities set a $15.00 price target on Exodus Movement in a report on Thursday, April 9th. BTIG Research dropped their price target on Exodus Movement from $20.00 to $16.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Benchmark cut their price objective on Exodus Movement from $42.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, March 12th. Finally, Zacks Research cut shares of Exodus Movement from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 9th.

Hedge Funds Weigh In On Exodus Movement

A number of hedge funds and other institutional investors have recently bought and sold shares of EXOD. Geode Capital Management LLC raised its position in shares of 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. purchased a new position in Exodus Movement in the second quarter worth $2,118,000. Tidal Investments LLC bought a new position in Exodus Movement in the second quarter valued at $9,444,000. Vident Advisory LLC bought a new position in Exodus Movement in the second quarter valued at $369,000. Finally, Millennium Management LLC increased its stake in Exodus Movement by 46.5% in the third quarter. Millennium Management LLC now owns 17,812 shares of the company’s stock valued at $495,000 after acquiring an additional 5,651 shares during the last quarter.

Exodus Movement Price Performance

Shares of NYSEAMERICAN:EXOD opened at $5.20 on Thursday. The firm has a fifty day moving average price of $6.84 and a two-hundred day moving average price of $9.87. Exodus Movement has a one year low of $5.17 and a one year high of $39.93. The company has a market cap of $156.05 million, a price-to-earnings ratio of -4.09 and a beta of 1.94.

Exodus Movement (NYSEAMERICAN:EXOD) last released its quarterly earnings results on Monday, May 11th. The company reported ($1.08) earnings per share for the quarter. Exodus Movement had a negative return on equity of 11.78% and a negative net margin of 28.25%.The firm had revenue of $22.75 million during the quarter. Equities research analysts expect that Exodus Movement will post -1.37 EPS for the current fiscal 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.