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

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) has been given a consensus rating of “Buy” by the eight research firms that are currently covering the company, Marketbeat reports. One equities 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 price target among analysts that have issued ratings on the stock in the last year is $23.50.

Several research firms recently commented on EXOD. Compass Point restated a “buy” rating and issued a $19.00 target price on shares of Exodus Movement in a research report on Thursday, March 12th. Northland Securities set a $15.00 target price on Exodus Movement in a research report on Thursday, April 9th. Zacks Research upgraded Exodus Movement from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. Benchmark lowered their target price on Exodus Movement from $42.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. Finally, BTIG Research lowered their target price on Exodus Movement from $20.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th.

Exodus Movement Price Performance

EXOD opened at $6.43 on Wednesday. Exodus Movement has a 12 month low of $5.89 and a 12 month high of $39.93. The stock has a market cap of $191.68 million, a P/E ratio of -5.06 and a beta of 1.90. The stock’s 50 day moving average price is $7.80 and its 200 day moving average price is $12.64.

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

Hedge Funds Weigh In On Exodus Movement

Hedge funds have recently modified their holdings of the company. State of Wyoming acquired a new position in shares of Exodus Movement during the 3rd quarter valued at $58,000. Royal Bank of Canada boosted its position in shares of Exodus Movement by 42,971.4% during the 4th quarter. Royal Bank of Canada now owns 3,015 shares of the company’s stock valued at $44,000 after purchasing an additional 3,008 shares in the last quarter. Hennion & Walsh Asset Management Inc. bought a new position in shares of Exodus Movement during the 3rd quarter valued at about $209,000. Hussman Strategic Advisors Inc. acquired a new position in shares of Exodus Movement in the 3rd quarter worth approximately $233,000. Finally, Impact Partnership Wealth LLC acquired a new position in shares of Exodus Movement in the 1st quarter worth approximately $66,000.

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.