Exodus Movement, Inc. (EXOD) – What Are Analysts Thinking About This Stock?

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) has been given a consensus recommendation of “Buy” by the seven ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $15.25.

Several equities research analysts have weighed in on the stock. BTIG Research lowered their price objective on shares of Exodus Movement from $16.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, September 15th. Cantor Fitzgerald boosted their target price on shares of Exodus Movement from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. Northland Securities set a $8.50 target price on shares of Exodus Movement in a research report on Wednesday, August 12th. Benchmark reduced their target price on shares of Exodus Movement from $21.00 to $12.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. Finally, Zacks Research upgraded shares of Exodus Movement from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th.

Insider Buying and Selling at Exodus Movement

In related news, CFO James Gernetzke sold 5,579 shares of the business’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $7.04, for a total transaction of $39,276.16. Following the completion of the sale, the chief financial officer directly owned 458,409 shares of the company’s stock, valued at $3,227,199.36. The trade was a 1.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 20,171 shares of company stock worth $151,258 over the last ninety days. Insiders own 67.67% of the company’s stock.

Institutional Investors Weigh In On Exodus Movement

Large investors have recently bought and sold shares of the company. FTX Recovery Trust bought a new position in shares of Exodus Movement during the 4th quarter valued at about $26,969,000. Bank of America Corp DE grew its position in shares of Exodus Movement by 17,155.2% in the 1st quarter. Bank of America Corp DE now owns 33,475 shares of the company’s stock valued at $218,000 after purchasing an additional 33,281 shares during the period. Aristides Capital LLC acquired a new position in shares of Exodus Movement in the 4th quarter valued at approximately $164,000. 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 purchasing an additional 4,124 shares during the period. Finally, Impact Partnership Wealth LLC bought a new stake in Exodus Movement during the 1st quarter worth approximately $66,000.

Exodus Movement Stock Down 4.8%

Shares of Exodus Movement stock opened at $5.74 on Friday. Exodus Movement has a 12-month low of $4.57 and a 12-month high of $28.27. The stock has a market capitalization of $173.35 million, a P/E ratio of -1.91 and a beta of 2.05. The company has a 50-day simple moving average of $6.95 and a 200 day simple moving average of $6.57.

Exodus Movement (NYSEAMERICAN:EXOD) last announced its earnings results on Monday, August 10th. The company reported ($0.62) EPS for the quarter. The business had revenue of $26.23 million during the quarter. Exodus Movement had a negative return on equity of 36.07% and a negative net margin of 79.87%. On average, equities analysts anticipate that Exodus Movement will post -1.54 earnings per share for the current year.

About Exodus Movement

Exodus Movement, Inc develops and operates non-custodial cryptocurrency wallet software. Its products enable users to store, manage, send and receive digital assets while retaining control of their private keys. The company’s wallet is available through desktop and mobile applications and supports a broad range of cryptocurrencies and blockchain networks.

In addition to wallet functionality, Exodus provides services that can include in-wallet cryptocurrency swaps, staking and access to decentralized applications and other Web3 features.