Exodus Movement (NYSEAMERICAN:EXOD) Stock Rating Upgraded by Zacks Research

Exodus Movement (NYSEAMERICAN:EXOD) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. Benchmark cut their target price on shares of Exodus Movement from $42.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, March 12th. BTIG Research cut their target price on shares of Exodus Movement from $20.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday. Northland Securities set a $15.00 target price on shares of Exodus Movement in a report on Thursday, April 9th. Finally, Compass Point reiterated a “buy” rating and issued a $19.00 target price on shares of Exodus Movement in a report on Thursday, March 12th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $23.50.

Exodus Movement Stock Performance

EXOD opened at $6.97 on Monday. The firm’s fifty day moving average is $8.06 and its two-hundred day moving average is $13.02. The firm has a market cap of $207.78 million, a PE ratio of -5.49 and a beta of 1.90. Exodus Movement has a twelve month low of $5.89 and a twelve month high of $48.70.

Exodus Movement (NYSEAMERICAN:EXOD) last posted its earnings results on Monday, May 11th. The company reported ($1.08) earnings per share for the quarter. The firm had revenue of $22.75 million during the quarter. Exodus Movement had a negative return on equity of 11.19% and a negative net margin of 28.25%. Equities analysts forecast that Exodus Movement will post -0.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Exodus Movement

A number of hedge funds and other institutional investors have recently made changes to their positions in EXOD. Royal Bank of Canada raised its holdings in shares of Exodus Movement by 42,971.4% during the fourth quarter. Royal Bank of Canada now owns 3,015 shares of the company’s stock worth $44,000 after acquiring an additional 3,008 shares during the period. State of Wyoming acquired a new stake in shares of Exodus Movement during the third quarter worth $58,000. Impact Partnership Wealth LLC acquired a new stake in shares of Exodus Movement during the first quarter worth $66,000. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Exodus Movement by 39.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 10,491 shares of the company’s stock worth $155,000 after acquiring an additional 2,951 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Exodus Movement by 20.2% during the first quarter. Bank of New York Mellon Corp now owns 24,526 shares of the company’s stock worth $159,000 after acquiring an additional 4,124 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.