Analysts Set Exodus Movement, Inc. (NYSEAMERICAN:EXOD) PT at $21.17

Shares of Exodus Movement, Inc. (NYSEAMERICAN:EXOD) have been assigned an average recommendation of “Buy” from the seven brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $21.1667.

A number of brokerages have commented on EXOD. Zacks Research raised Exodus Movement from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Benchmark lowered their price objective on shares of Exodus Movement from $21.00 to $12.00 and set a “buy” rating for the company in a report on Monday, July 20th. Cantor Fitzgerald reissued an “overweight” rating on shares of Exodus Movement in a research report on Monday, June 15th. BTIG Research dropped their price target 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. Finally, Northland Securities set a $10.00 price target on shares of Exodus Movement in a research note on Wednesday, July 22nd.

Institutional Trading of Exodus Movement

A number of institutional investors have recently made changes to their positions in EXOD. Royal Bank of Canada grew its holdings in shares of Exodus Movement by 42,971.4% in 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. Impact Partnership Wealth LLC purchased a new stake in Exodus Movement in the 1st quarter worth approximately $66,000. Hennion & Walsh Asset Management Inc. increased its stake in shares of Exodus Movement by 39.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 10,491 shares of the company’s stock worth $155,000 after purchasing an additional 2,951 shares in the last quarter. Aristides Capital LLC purchased a new stake in Exodus Movement in the 4th quarter worth $164,000. Finally, Vident Advisory LLC purchased a new stake in shares of Exodus Movement during the second quarter worth about $369,000.

Exodus Movement Stock Performance

Shares of Exodus Movement stock opened at $5.37 on Monday. Exodus Movement has a 12 month low of $4.57 and a 12 month high of $33.33. The business’s 50-day moving average price is $5.76 and its 200-day moving average price is $8.28. The firm has a market capitalization of $161.15 million, a PE ratio of -4.23 and a beta of 1.90.

Exodus Movement (NYSEAMERICAN:EXOD) last announced its quarterly earnings data on Monday, May 11th. The company reported ($1.08) earnings per share for the quarter. The business had revenue of $22.75 million during the quarter. Exodus Movement had a negative return on equity of 11.78% and a negative net margin of 28.25%. As a group, analysts predict that Exodus Movement will post -1.37 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.