Exodus Movement (NYSEAMERICAN:EXOD) Given New $16.00 Price Target at BTIG Research

Exodus Movement (NYSEAMERICAN:EXOD) had its price target decreased by equities researchers at BTIG Research from $20.00 to $16.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. BTIG Research’s price objective points to a potential upside of 122.66% from the stock’s previous close.

A number of other equities analysts have also weighed in on the stock. Zacks Research lowered shares of Exodus Movement from a “hold” rating to a “strong sell” rating in a research report on Friday, March 13th. Compass Point reaffirmed a “buy” rating and set a $19.00 price target on shares of Exodus Movement in a research note on Thursday, March 12th. Northland Securities set a $15.00 target price on shares of Exodus Movement in a research note on Thursday, April 9th. Finally, Benchmark reduced their target price on shares of Exodus Movement from $42.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, March 12th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $23.50.

Exodus Movement Stock Performance

Shares of EXOD traded down $0.52 during mid-day trading on Tuesday, reaching $7.19. The stock had a trading volume of 27,571 shares, compared to its average volume of 89,428. The firm has a market cap of $214.21 million, a price-to-earnings ratio of -11.19 and a beta of 1.90. Exodus Movement has a 12 month low of $5.89 and a 12 month high of $48.70. The business has a fifty day moving average of $8.13 and a 200 day moving average of $13.14.

Exodus Movement (NYSEAMERICAN:EXOD) last issued its 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 4.28% and a negative net margin of 9.34%.The company had revenue of $22.75 million for the quarter. On average, research analysts forecast that Exodus Movement will post -0.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Exodus Movement

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in shares of Exodus Movement by 20.2% in the first quarter. Bank of New York Mellon Corp now owns 24,526 shares of the company’s stock valued at $159,000 after acquiring an additional 4,124 shares during the period. Impact Partnership Wealth LLC purchased a new stake in shares of Exodus Movement in the first quarter valued at $66,000. Aristides Capital LLC purchased a new stake in shares of Exodus Movement in the fourth quarter valued at $164,000. Invesco Ltd. raised its stake in shares of Exodus Movement by 52.8% in the fourth quarter. Invesco Ltd. now owns 15,722 shares of the company’s stock valued at $233,000 after acquiring an additional 5,436 shares during the period. Finally, Vident Advisory LLC increased its stake in Exodus Movement by 10.8% in the 4th quarter. Vident Advisory LLC now owns 22,881 shares of the company’s stock worth $338,000 after buying an additional 2,229 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.