FTX Recovery Trust Buys Shares of 1,823,486 Exodus Movement, Inc. $EXOD

FTX Recovery Trust bought a new stake in shares of Exodus Movement, Inc. (NYSEAMERICAN:EXOD) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,823,486 shares of the company’s stock, valued at approximately $26,969,000. Exodus Movement accounts for 85.8% of FTX Recovery Trust’s investment portfolio, making the stock its biggest position. FTX Recovery Trust owned 6.22% of Exodus Movement at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in EXOD. State of Wyoming acquired a new stake in Exodus Movement during the 3rd quarter valued at $58,000. Hennion & Walsh Asset Management Inc. raised its stake in Exodus Movement by 39.1% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 10,491 shares of the company’s stock valued at $155,000 after purchasing an additional 2,951 shares during the period. Aristides Capital LLC acquired a new stake in Exodus Movement during the 4th quarter valued at $164,000. Vontobel Holding Ltd. raised its stake in Exodus Movement by 9.3% during the 4th quarter. Vontobel Holding Ltd. now owns 15,266 shares of the company’s stock valued at $226,000 after purchasing an additional 1,295 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in Exodus Movement by 87.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 19,568 shares of the company’s stock valued at $289,000 after purchasing an additional 9,106 shares during the period.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on EXOD shares. 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 research note on Thursday, March 12th. BTIG Research lowered their price target on shares of Exodus Movement from $20.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Northland Securities set a $15.00 price target on shares of Exodus Movement in a report on Thursday, April 9th. Zacks Research cut shares of Exodus Movement from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 9th. Finally, Compass Point restated a “buy” rating and set a $19.00 price target on shares of Exodus Movement in a report on Thursday, March 12th. Two 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, Exodus Movement has an average rating of “Buy” and an average target price of $23.50.

Exodus Movement Trading Down 2.6%

Shares of NYSEAMERICAN:EXOD opened at $6.04 on Friday. The stock has a market capitalization of $181.26 million, a PE ratio of -4.76 and a beta of 1.72. Exodus Movement, Inc. has a 1 year low of $5.74 and a 1 year high of $39.93. The firm has a fifty day moving average price of $7.09 and a 200 day moving average price of $10.79.

Exodus Movement (NYSEAMERICAN:EXOD) last issued its quarterly earnings data on Monday, May 11th. The company reported ($1.08) earnings per share (EPS) 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%. On average, sell-side analysts forecast that Exodus Movement, Inc. will post -0.78 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.