Exodus Movement, Inc. (EXOD) – What Are Analysts Thinking About This Stock?

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) has been assigned a consensus recommendation of “Buy” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $14.92.

Several equities research analysts recently commented on the stock. Cantor Fitzgerald boosted their price objective on shares of Exodus Movement from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Benchmark lowered their target price on Exodus Movement from $21.00 to $12.00 and set a “buy” rating for the company in a report on Monday, July 20th. BTIG Research lowered their target price on Exodus Movement from $12.00 to $10.00 and set a “buy” rating for the company in a report on Tuesday. Zacks Research raised Exodus Movement from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Finally, Northland Securities set a $8.50 price target on Exodus Movement in a report on Wednesday, August 12th.

Insider Activity

In related news, CFO James Gernetzke sold 5,682 shares of the stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $7.35, for a total transaction of $41,762.70. Following the completion of the transaction, the chief financial officer directly owned 463,988 shares in the company, valued at approximately $3,410,311.80. This trade represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 20,036 shares of company stock worth $150,568 in the last ninety days. 67.67% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Exodus Movement

A hedge fund recently bought a new position in Exodus Movement stock. Bank of New York Mellon Corp purchased a new position in shares of Exodus Movement, Inc. (NYSEAMERICAN:EXOD) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 24,174 shares of the company’s stock, valued at approximately $125,000. Bank of New York Mellon Corp owned approximately 0.08% of Exodus Movement as of its most recent SEC filing.

Exodus Movement Stock Performance

Shares of EXOD opened at $4.08 on Wednesday. The firm has a market cap of $123.22 million, a P/E ratio of -1.07 and a beta of 2.24. Exodus Movement has a twelve month low of $3.78 and a twelve month high of $23.11. The firm’s 50 day moving average price is $6.20 and its two-hundred day moving average price is $7.30.

Exodus Movement (NYSEAMERICAN:EXOD) last issued its quarterly earnings data on Monday, November 9th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.24). Exodus Movement had a negative return on equity of 50.47% and a negative net margin of 101.08%. The company had revenue of $32.54 million for the quarter. On average, sell-side analysts anticipate that Exodus Movement will post -1.54 earnings per share for the current fiscal year.

About Exodus Movement

Exodus Movement, Inc. develops and operates a non-custodial cryptocurrency wallet platform. Its software enables users to manage, store, send and receive digital assets while retaining control of their private keys. The company’s products are designed for individuals seeking to interact with cryptocurrencies and other blockchain-based assets without relying on a centralized exchange to hold their funds. Exodus offers wallet applications for desktop and mobile devices, along with browser-based tools.