Brokerages Set Exodus Movement, Inc. (NYSEAMERICAN:EXOD) PT at $23.50

Shares of Exodus Movement, Inc. (NYSEAMERICAN:EXOD) have been assigned a consensus recommendation of “Buy” from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $23.50.

A number of analysts recently issued reports on the company. Northland Securities set a $15.00 price target on Exodus Movement in a research report on Thursday, April 9th. BTIG Research lowered their price target on Exodus Movement from $20.00 to $16.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Compass Point restated a “buy” rating and issued a $19.00 price target on shares of Exodus Movement in a research report on Thursday, March 12th. Benchmark lowered their price target on Exodus Movement from $42.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. Finally, Zacks Research downgraded Exodus Movement from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 9th.

Institutional Trading of Exodus Movement

Several institutional investors and hedge funds have recently made changes to their positions in EXOD. Royal Bank of Canada lifted its position in shares of Exodus Movement by 42,971.4% during the fourth quarter. Royal Bank of Canada now owns 3,015 shares of the company’s stock worth $44,000 after purchasing an additional 3,008 shares during the last quarter. State of Wyoming bought a new stake in shares of Exodus Movement during the third quarter worth $58,000. Impact Partnership Wealth LLC bought a new stake in shares of Exodus Movement during the first quarter worth $66,000. Hennion & Walsh Asset Management Inc. lifted its position in shares of Exodus Movement by 39.1% during 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 during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Exodus Movement by 20.2% during the first quarter. Bank of New York Mellon Corp now owns 24,526 shares of the company’s stock worth $159,000 after purchasing an additional 4,124 shares during the last quarter.

Exodus Movement Stock Performance

NYSEAMERICAN EXOD opened at $6.04 on Friday. The company has a market capitalization of $181.26 million, a P/E ratio of -4.76 and a beta of 1.72. Exodus Movement has a one year low of $5.74 and a one year high of $39.93. The stock has a 50 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 results on Monday, May 11th. The company reported ($1.08) earnings per share (EPS) for the quarter. The company 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, equities analysts predict that Exodus Movement will post -0.78 EPS 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.