Exodus Movement (NYSEAMERICAN:EXOD) Stock Gets Price Target Bump from Cantor Fitzgerald

Key Points

• Cantor Fitzgerald raised its Exodus Movement price target from $15 to $16 and reiterated an “overweight” rating, implying 269.5% upside from the prior close.
• Analyst views are mixed: the consensus rating is “Buy” with a $15.08 target, while Benchmark and BTIG recently cut their price targets.
• Exodus reported a quarterly loss of $0.27 per share, missing the $0.03 loss analysts expected; the stock opened at $4.33 and traded within a 52-week range of $3.78–$22.25.

Exodus Movement (NYSEAMERICAN:EXOD - Get Free Report) had its price objective lifted by Cantor Fitzgerald from $15.00 to $16.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an "overweight" rating on the stock. Cantor Fitzgerald's price target indicates a potential upside of 269.52% from the company's previous close.

Several other equities analysts also recently commented on EXOD. Benchmark cut their price target on shares of Exodus Movement from $21.00 to $12.00 and set a "buy" rating on the stock in a report on Monday, July 20th. BTIG Research lowered their price objective on shares of Exodus Movement from $12.00 to $10.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, Northland Securities set a $8.50 price target on Exodus Movement in a research note on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $15.08.

Exodus Movement Stock Performance

NYSEAMERICAN:EXOD opened at $4.33 on Thursday. The firm has a market cap of $130.77 million, a P/E ratio of -1.14 and a beta of 2.24. Exodus Movement has a fifty-two week low of $3.78 and a fifty-two week high of $22.25. The firm has a 50-day simple moving average of $6.14 and a two-hundred day simple moving average of $7.24.

Exodus Movement (NYSEAMERICAN:EXOD - Get Free Report) last released its earnings results on Monday, November 9th. The company reported ($0.27) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.24). The firm had revenue of $32.54 million for the quarter. Exodus Movement had a negative return on equity of 51.76% and a negative net margin of 101.08%. On average, equities research analysts predict that Exodus Movement will post -1.54 EPS for the current year.

Insider Transactions at Exodus Movement

In related news, CFO James Gernetzke sold 5,682 shares of the company's stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $7.35, for a total transaction of $41,762.70. Following the completion of the transaction, the chief financial officer directly owned 463,988 shares in the company, valued at $3,410,311.80. This represents a 1.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 20,036 shares of company stock worth $150,568. Insiders own 67.67% of the company's stock.

Hedge Funds Weigh In On Exodus Movement

An institutional investor recently bought a new stake in Exodus Movement stock. Bank of New York Mellon Corp acquired a new position in shares of Exodus Movement, Inc. (NYSEAMERICAN:EXOD - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 24,174 shares of the company's stock, valued at approximately $125,000. Bank of New York Mellon Corp owned about 0.08% of Exodus Movement at the end of the most recent reporting period.

Exodus Movement Company Profile

Exodus Movement, Inc. develops and operates a non-custodial cryptocurrency wallet platform. Its software enables users to manage, store, send and receive digital assets while retaining control of their private keys. The company's products are designed for individuals seeking to interact with cryptocurrencies and other blockchain-based assets without relying on a centralized exchange to hold their funds. Exodus offers wallet applications for desktop and mobile devices, along with browser-based tools.

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