Exodus Movement (NYSEAMERICAN:EXOD) Price Target Raised to $15.00 at Cantor Fitzgerald

Exodus Movement (NYSEAMERICAN:EXOD) had its price target lifted by research analysts at Cantor Fitzgerald from $14.00 to $15.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Cantor Fitzgerald’s target price points to a potential upside of 200.60% from the company’s previous close.

A number of other brokerages have also commented on EXOD. Northland Securities set a $10.00 price target on Exodus Movement in a report on Wednesday, July 22nd. Benchmark reduced their price objective on Exodus Movement from $21.00 to $12.00 and set a “buy” rating for the company in a research note on Monday, July 20th. BTIG Research decreased their target price on Exodus Movement from $20.00 to $16.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Finally, Zacks Research upgraded Exodus Movement from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $16.17.

Exodus Movement Stock Performance

NYSEAMERICAN:EXOD opened at $4.99 on Wednesday. Exodus Movement has a 52 week low of $4.57 and a 52 week high of $32.92. The firm has a 50-day moving average price of $5.54 and a two-hundred day moving average price of $7.71. The firm has a market cap of $149.75 million, a price-to-earnings ratio of -3.93 and a beta of 1.90.

Exodus Movement (NYSEAMERICAN:EXOD) last announced its earnings results on Monday, August 10th. The company reported ($0.62) earnings per share for the quarter. The business had revenue of $26.23 million during the quarter. Exodus Movement had a negative return on equity of 11.78% and a negative net margin of 28.25%. As a group, sell-side analysts forecast that Exodus Movement will post -1.5 earnings per share for the current year.

Institutional Trading of Exodus Movement

A number of institutional investors have recently modified their holdings of the business. FTX Recovery Trust bought a new position in Exodus Movement in the 4th quarter worth approximately $26,969,000. Tidal Investments LLC raised its holdings in Exodus Movement by 2.7% during the 3rd quarter. Tidal Investments LLC now owns 336,591 shares of the company’s stock valued at $9,350,000 after acquiring an additional 9,002 shares during the period. Geode Capital Management LLC lifted its position in shares of Exodus Movement by 16.5% during the fourth quarter. Geode Capital Management LLC now owns 136,353 shares of the company’s stock worth $2,017,000 after acquiring an additional 19,304 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Exodus Movement by 47.5% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,343 shares of the company’s stock worth $3,010,000 after acquiring an additional 34,882 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of Exodus Movement by 17,155.2% in the first quarter. Bank of America Corp DE now owns 33,475 shares of the company’s stock worth $218,000 after acquiring an additional 33,281 shares during the period.

Exodus Movement Company Profile

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.