Exodus Movement, Inc. (NYSEAMERICAN:EXOD) Stock Has Average Price Target of $15.25 According to Analysts

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) has received an average recommendation of “Buy” from the seven analysts that are currently covering the company, MarketBeat reports. One 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 analysts that have issued a report on the stock in the last year is $15.25.

A number of equities research analysts have recently commented on the company. Zacks Research upgraded Exodus Movement from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. BTIG Research reduced their price objective on Exodus Movement from $16.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, September 15th. Northland Securities set a $8.50 target price on Exodus Movement in a report on Wednesday, August 12th. Benchmark cut their target price on Exodus Movement from $21.00 to $12.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. Finally, Cantor Fitzgerald boosted their target price on Exodus Movement from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th.

Exodus Movement Stock Down 13.6%

EXOD stock traded down $0.82 during trading on Friday, hitting $5.22. 148,868 shares of the company’s stock traded hands, compared to its average volume of 65,169. Exodus Movement has a 52 week low of $4.57 and a 52 week high of $27.02. The stock has a fifty day moving average price of $6.96 and a two-hundred day moving average price of $6.56. The stock has a market capitalization of $157.64 million, a price-to-earnings ratio of -1.73 and a beta of 2.05.

Exodus Movement (NYSEAMERICAN:EXOD) last released its quarterly earnings data on Monday, August 10th. The company reported ($0.62) earnings per share for the quarter. Exodus Movement had a negative return on equity of 36.07% and a negative net margin of 79.87%. The firm had revenue of $26.23 million during the quarter. As a group, equities research analysts expect that Exodus Movement will post -1.54 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO James Gernetzke sold 5,682 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $7.35, for a total value of $41,762.70. Following the completion of the sale, the chief financial officer directly owned 463,988 shares in the company, valued at approximately $3,410,311.80. The trade was a 1.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 20,171 shares of company stock worth $151,258 over the last 90 days. 67.67% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Exodus Movement

A number of hedge funds have recently made changes to their positions in EXOD. FTX Recovery Trust acquired a new position in shares of Exodus Movement during the fourth quarter valued at $26,969,000. Bank of America Corp DE increased its position in Exodus Movement by 17,155.2% in the first quarter. Bank of America Corp DE now owns 33,475 shares of the company’s stock worth $218,000 after purchasing an additional 33,281 shares during the period. Aristides Capital LLC bought a new stake in Exodus Movement during the 4th quarter worth about $164,000. Bank of New York Mellon Corp lifted its position in Exodus Movement by 20.2% during the 1st quarter. Bank of New York Mellon Corp now owns 24,526 shares of the company’s stock valued at $159,000 after purchasing an additional 4,124 shares during the period. Finally, Impact Partnership Wealth LLC acquired a new position in Exodus Movement during the 1st quarter valued at about $66,000.

Exodus Movement Company Profile

Exodus Movement, Inc develops and operates non-custodial cryptocurrency wallet software. Its products enable users to store, manage, send and receive digital assets while retaining control of their private keys. The company’s wallet is available through desktop and mobile applications and supports a broad range of cryptocurrencies and blockchain networks.

In addition to wallet functionality, Exodus provides services that can include in-wallet cryptocurrency swaps, staking and access to decentralized applications and other Web3 features.