Exodus Movement (NYSEAMERICAN:EXOD) CFO James Gernetzke Sells 5,682 Shares

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) CFO James Gernetzke sold 5,682 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $7.35, for a total transaction of $41,762.70. Following the transaction, the chief financial officer directly owned 463,988 shares in the company, valued at approximately $3,410,311.80. This represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Exodus Movement Trading Up 4.7%

Shares of NYSEAMERICAN:EXOD traded up $0.34 on Friday, reaching $7.64. 16,172 shares of the company’s stock were exchanged, compared to its average volume of 83,841. Exodus Movement, Inc. has a twelve month low of $4.57 and a twelve month high of $32.92. The company has a fifty day moving average of $5.97 and a 200-day moving average of $7.15. The company has a market capitalization of $230.88 million, a price-to-earnings ratio of -2.54 and a beta of 2.02.

Exodus Movement (NYSEAMERICAN:EXOD) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.62) 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%. As a group, equities research analysts forecast that Exodus Movement, Inc. will post -1.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EXOD. Northland Securities set a $8.50 price target on shares of Exodus Movement in a report on Wednesday, August 12th. BTIG Research decreased their price objective on shares of Exodus Movement from $20.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Zacks Research upgraded shares of Exodus Movement from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Cantor Fitzgerald upped their target price on Exodus Movement from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. Finally, Benchmark reduced their target price on Exodus Movement from $21.00 to $12.00 and set a “buy” rating on the stock in a report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $15.92.

Institutional Investors Weigh In On Exodus Movement

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its position in Exodus Movement by 42,971.4% during the 4th 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 in the last quarter. Impact Partnership Wealth LLC acquired a new stake in Exodus Movement in the first quarter valued at approximately $66,000. Bank of New York Mellon Corp acquired a new stake in Exodus Movement in the second quarter valued at approximately $125,000. Aristides Capital LLC bought a new stake in shares of Exodus Movement during the fourth quarter worth $164,000. Finally, Bank of America Corp DE grew its stake in shares of Exodus Movement by 17,155.2% during the first 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.

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.