HC Wainwright Reiterates “Buy” Rating for Exodus Movement (NYSEAMERICAN:EXOD)

Exodus Movement (NYSEAMERICAN:EXOD)‘s stock had its “buy” rating reaffirmed by HC Wainwright in a report released on Thursday,Benzinga reports. They currently have a $25.00 price target on the stock. HC Wainwright’s price target would suggest a potential upside of 71.94% from the stock’s current price.

Other equities research analysts have also issued reports about the company. BTIG Research reaffirmed a “buy” rating and issued a $40.00 target price on shares of Exodus Movement in a research report on Tuesday, November 25th. Singular Research raised shares of Exodus Movement to a “strong-buy” rating in a report on Tuesday, November 18th. Zacks Research cut Exodus Movement from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 26th. Finally, Benchmark restated a “buy” rating on shares of Exodus Movement in a report on Tuesday, November 25th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $48.14.

Exodus Movement Stock Performance

NYSEAMERICAN:EXOD opened at $14.54 on Thursday. Exodus Movement has a one year low of $13.31 and a one year high of $117.40. The business’s 50-day simple moving average is $20.07 and its 200 day simple moving average is $26.33. The stock has a market cap of $426.46 million, a price-to-earnings ratio of 4.43 and a beta of 0.50.

Exodus Movement (NYSEAMERICAN:EXOD) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.53 earnings per share for the quarter. Exodus Movement had a net margin of 79.42% and a return on equity of 27.16%. The company had revenue of $30.34 million during the quarter. On average, equities research analysts predict that Exodus Movement will post 1.62 EPS for the current year.

Hedge Funds Weigh In On Exodus Movement

A number of hedge funds have recently added to or reduced their stakes in the company. Floyd Financial Group LLC acquired a new stake in shares of Exodus Movement in the second quarter worth about $1,087,000. OMERS ADMINISTRATION Corp acquired a new stake in Exodus Movement in the 1st quarter valued at approximately $262,000. Invesco Ltd. acquired a new stake in shares of Exodus Movement in the first quarter worth $420,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in 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 worth $3,010,000 after purchasing an additional 34,882 shares during the last quarter. Finally, Vident Advisory LLC increased its holdings in shares of Exodus Movement by 61.4% during the 3rd quarter. Vident Advisory LLC now owns 20,652 shares of the company’s stock worth $574,000 after purchasing an additional 7,857 shares during the period.

Exodus Movement Company Profile

Exodus Movement, Inc develops blockchain asset investors platform to secure, exchange and manage wealth inside one application. The company was founded by Daniel Castagnoli and Jon Paul Richardson in 2015 and is headquartered in Omaha, NE.