Exodus Movement (NYSEAMERICAN:EXOD) Given New $30.00 Price Target at BTIG Research

Exodus Movement (NYSEAMERICAN:EXOD) had its target price dropped by research analysts at BTIG Research from $40.00 to $30.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. BTIG Research’s price target suggests a potential upside of 86.16% from the stock’s current price.

EXOD has been the topic of several other research reports. Singular Research upgraded Exodus Movement to a “strong-buy” rating in a research report on Tuesday, November 18th. Benchmark reissued a “buy” rating on shares of Exodus Movement in a report on Tuesday, November 25th. HC Wainwright restated a “buy” rating and set a $25.00 price target on shares of Exodus Movement in a research report on Thursday, December 18th. Finally, Zacks Research downgraded shares of Exodus Movement from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Exodus Movement has a consensus rating of “Buy” and an average target price of $46.71.

Exodus Movement Trading Down 0.7%

Shares of EXOD stock traded down $0.12 during trading hours on Thursday, hitting $16.12. The company’s stock had a trading volume of 59,344 shares, compared to its average volume of 86,295. The stock has a market cap of $472.65 million, a PE ratio of 4.91 and a beta of 0.67. The company has a 50 day moving average of $16.84 and a 200 day moving average of $24.79. Exodus Movement has a 12-month low of $13.31 and a 12-month high of $117.40.

Exodus Movement (NYSEAMERICAN:EXOD) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.53 earnings per share for the quarter. The company had revenue of $30.34 million for the quarter. Exodus Movement had a return on equity of 27.16% and a net margin of 79.42%. As a group, analysts anticipate that Exodus Movement will post 1.62 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Floyd Financial Group LLC purchased a new position in shares of Exodus Movement in the second quarter valued at approximately $1,087,000. Millennium Management LLC raised its stake in Exodus Movement by 46.5% in the 3rd quarter. Millennium Management LLC now owns 17,812 shares of the company’s stock valued at $495,000 after purchasing an additional 5,651 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings 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 valued at $3,010,000 after purchasing an additional 34,882 shares in the last quarter. Vident Advisory LLC boosted its stake in 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 last quarter. Finally, Tidal Investments LLC acquired a new stake in Exodus Movement during the 2nd quarter worth $9,444,000.

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.