Exodus Movement (NYSEAMERICAN:EXOD) Announces Quarterly Earnings Results

Exodus Movement (NYSEAMERICAN:EXOD) released its earnings results on Monday. The company reported ($1.08) earnings per share (EPS) for the quarter, FiscalAI reports. Exodus Movement had a negative return on equity of 4.28% and a negative net margin of 9.34%.The company had revenue of $22.75 million for the quarter.

Exodus Movement Stock Down 5.7%

NYSEAMERICAN EXOD opened at $7.71 on Tuesday. Exodus Movement has a twelve month low of $5.89 and a twelve month high of $56.00. The business’s fifty day moving average is $8.13 and its 200 day moving average is $13.14. The company has a market cap of $229.84 million, a price-to-earnings ratio of -12.05 and a beta of 1.90.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. BTIG Research dropped their target price on Exodus Movement from $30.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, March 12th. Northland Securities set a $15.00 price objective on Exodus Movement in a research note on Thursday, April 9th. Compass Point restated a “buy” rating and issued a $19.00 price objective on shares of Exodus Movement in a research note on Thursday, March 12th. Zacks Research lowered Exodus Movement from a “hold” rating to a “strong sell” rating in a research note on Friday, March 13th. Finally, Benchmark decreased their target price on Exodus Movement from $42.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $24.17.

Hedge Funds Weigh In On Exodus Movement

Several large investors have recently modified their holdings of the business. FTX Recovery Trust bought a new stake in shares of Exodus Movement in the 4th quarter valued at about $26,969,000. Tidal Investments LLC grew its position in shares of Exodus Movement by 2.7% in the 3rd quarter. Tidal Investments LLC now owns 336,591 shares of the company’s stock valued at $9,350,000 after buying an additional 9,002 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Exodus Movement by 16.5% in the 4th quarter. Geode Capital Management LLC now owns 136,353 shares of the company’s stock valued at $2,017,000 after buying an additional 19,304 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Exodus Movement by 47.5% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,343 shares of the company’s stock valued at $3,010,000 after buying an additional 34,882 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Exodus Movement by 20.2% in the 1st quarter. Bank of New York Mellon Corp now owns 24,526 shares of the company’s stock valued at $159,000 after buying an additional 4,124 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.