Exodus Movement, Inc. (NYSEAMERICAN:EXOD) Receives Average Rating of “Buy” from Analysts

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) has received an average recommendation of “Buy” from the nine ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $46.7143.

Several equities analysts have recently issued reports on the stock. BTIG Research cut their price objective on shares of Exodus Movement from $40.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Benchmark restated a “buy” rating on shares of Exodus Movement in a research note on Tuesday, November 25th. HC Wainwright reiterated a “buy” rating and set a $25.00 price objective on shares of Exodus Movement in a research note on Thursday, December 18th. Zacks Research lowered shares of Exodus Movement from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 26th. Finally, Singular Research raised Exodus Movement to a “strong-buy” rating in a research report on Tuesday, November 18th.

Exodus Movement Trading Up 12.1%

Shares of EXOD opened at $10.56 on Monday. Exodus Movement has a 12 month low of $9.11 and a 12 month high of $57.00. The stock has a fifty day moving average price of $14.95 and a 200-day moving average price of $22.17. The firm has a market cap of $309.72 million, a PE ratio of 3.22 and a beta of 0.69.

Exodus Movement (NYSEAMERICAN:EXOD) last announced its earnings results on Monday, November 10th. The company reported $0.53 earnings per share for the quarter. Exodus Movement had a return on equity of 27.16% and a net margin of 79.42%.The firm had revenue of $30.34 million for the quarter. As a group, research analysts forecast that Exodus Movement will post 1.62 EPS for the current year.

Institutional Investors Weigh In On Exodus Movement

Large investors have recently bought and sold shares of the company. Millennium Management LLC lifted its stake in Exodus Movement by 46.5% during the 3rd quarter. Millennium Management LLC now owns 17,812 shares of the company’s stock valued at $495,000 after acquiring an additional 5,651 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Exodus Movement by 47.5% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,343 shares of the company’s stock worth $3,010,000 after acquiring an additional 34,882 shares during the period. Vident Advisory LLC raised its holdings in shares of Exodus Movement by 61.4% during the third quarter. Vident Advisory LLC now owns 20,652 shares of the company’s stock worth $574,000 after purchasing an additional 7,857 shares during the last quarter. Tidal Investments LLC acquired a new position in Exodus Movement during the second quarter valued at $9,444,000. Finally, Geode Capital Management LLC boosted its holdings in Exodus Movement by 109.0% in the second quarter. Geode Capital Management LLC now owns 121,757 shares of the company’s stock valued at $3,511,000 after purchasing an additional 63,501 shares during the last quarter.

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.