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

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) has earned a consensus recommendation of “Buy” from the seven analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $15.9167.

Several brokerages have recently issued reports on EXOD. Northland Securities set a $8.50 price objective on Exodus Movement in a research report on Wednesday, August 12th. Zacks Research upgraded shares of Exodus Movement from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Cantor Fitzgerald upped their target price on shares of Exodus Movement from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Finally, Benchmark dropped their price objective on Exodus Movement from $21.00 to $12.00 and set a “buy” rating on the stock in a report on Monday, July 20th.

Insider Buying and Selling at Exodus Movement

In other news, CFO James Gernetzke sold 5,682 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $7.35, for a total transaction of $41,762.70. Following the transaction, the chief financial officer owned 463,988 shares of the company’s stock, valued at approximately $3,410,311.80. This trade represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 14,592 shares of company stock valued at $111,736. 67.67% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Exodus Movement

A number of hedge funds have recently bought and sold shares of the company. FTX Recovery Trust bought a new stake in Exodus Movement in the fourth quarter valued at about $26,969,000. Bank of America Corp DE lifted its holdings in Exodus Movement by 17,155.2% during the 1st quarter. Bank of America Corp DE now owns 33,475 shares of the company’s stock worth $218,000 after buying an additional 33,281 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Exodus Movement during the 2nd quarter worth approximately $125,000. Aristides Capital LLC bought a new stake in shares of Exodus Movement in the 4th quarter valued at approximately $164,000. Finally, Impact Partnership Wealth LLC bought a new position in Exodus Movement during the first quarter worth $66,000.

Exodus Movement Price Performance

EXOD opened at $6.33 on Tuesday. Exodus Movement has a 12 month low of $4.57 and a 12 month high of $32.92. The business has a 50 day simple moving average of $6.18 and a 200-day simple moving average of $6.98. The stock has a market capitalization of $191.17 million, a P/E ratio of -2.10 and a beta of 2.02.

Exodus Movement (NYSEAMERICAN:EXOD) last announced its quarterly earnings results on Monday, August 10th. The company reported ($0.62) earnings per share (EPS) for the quarter. The company had revenue of $26.23 million during the quarter. Exodus Movement had a negative net margin of 79.87% and a negative return on equity of 36.07%. Research analysts anticipate that Exodus Movement will post -1.54 EPS for the current 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.