Exodus Movement, Inc. (NYSEAMERICAN:EXOD) Receives $23.50 Consensus Target Price from Analysts

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) has been given a consensus rating of “Buy” by the eight research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $23.50.

Several equities analysts recently commented on the stock. BTIG Research dropped their price objective on shares of Exodus Movement from $20.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Northland Securities set a $15.00 price objective on Exodus Movement in a research report on Thursday, April 9th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Exodus Movement in a research report on Monday, June 15th. Benchmark reduced their price target on Exodus Movement from $42.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, March 12th. Finally, Zacks Research lowered shares of Exodus Movement from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 9th.

Exodus Movement Price Performance

Shares of NYSEAMERICAN:EXOD opened at $5.21 on Thursday. The business’s 50 day simple moving average is $6.65 and its 200 day simple moving average is $9.68. Exodus Movement has a 1 year low of $4.74 and a 1 year high of $39.93. The company has a market capitalization of $156.35 million, a P/E ratio of -3.98 and a beta of 1.93.

Exodus Movement (NYSEAMERICAN:EXOD) last released its earnings results on Monday, May 11th. The company reported ($1.08) earnings per share (EPS) for the quarter. Exodus Movement had a negative return on equity of 11.78% and a negative net margin of 28.25%.The company had revenue of $22.75 million for the quarter. On average, sell-side analysts anticipate that Exodus Movement will post -1.37 EPS for the current fiscal year.

Hedge Funds Weigh In On Exodus Movement

A number of hedge funds have recently modified their holdings of the business. Bank of America Corp DE grew its stake in shares of 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 last quarter. Bank of New York Mellon Corp raised 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 worth $159,000 after purchasing an additional 4,124 shares during the last quarter. Impact Partnership Wealth LLC acquired a new position in Exodus Movement during the 1st quarter worth about $66,000. Aristides Capital LLC acquired a new position in Exodus Movement during the 4th quarter worth about $164,000. Finally, Invesco Ltd. grew its position in shares of Exodus Movement by 52.8% in the 4th quarter. Invesco Ltd. now owns 15,722 shares of the company’s stock valued at $233,000 after buying an additional 5,436 shares during the last quarter.

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.