Exodus Movement, Inc. (NYSEAMERICAN:EXOD) Stock Has Average Target Price of $15.25

Key Points

• Analysts maintain a consensus “Buy” rating for Exodus Movement: five of seven covering brokers rate it Buy, one rates it Strong Buy, and one rates it Hold. Their average 12-month price target is $15.25.
• EXOD opened at $4.84, near its 52-week low of $4.57 and well below its 52-week high of $25.38. Recent analyst targets vary, including cuts to $12 from Benchmark and BTIG and a $15 target from Cantor Fitzgerald.
• The company reported a quarterly loss of $0.62 per share on $26.23 million in revenue. CFO James Gernetzke sold shares to cover tax withholding on vested equity awards; insiders collectively own 67.67% of the stock.

Exodus Movement, Inc. (NYSEAMERICAN:EXOD - Get Free Report) has been assigned a consensus recommendation of "Buy" from the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $15.25.

A number of research firms have recently weighed in on EXOD. Zacks Research raised Exodus Movement from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 14th. Benchmark dropped their target price on shares of Exodus Movement from $21.00 to $12.00 and set a "buy" rating for the company in a report on Monday, July 20th. Cantor Fitzgerald upped their target price on shares of Exodus Movement from $14.00 to $15.00 and gave the stock an "overweight" rating in a report on Wednesday, August 12th. BTIG Research cut their price target on Exodus Movement from $16.00 to $12.00 and set a "buy" rating for the company in a research note on Tuesday, September 15th. Finally, Northland Securities set a $8.50 price target on Exodus Movement in a report on Wednesday, August 12th.

Insider Activity at Exodus Movement

In other news, CFO James Gernetzke sold 5,682 shares of the stock in a transaction that occurred 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 approximately $3,410,311.80. This represents a 1.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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. 67.67% of the stock is currently owned by corporate insiders.

Institutional Trading of Exodus Movement

A hedge fund recently bought a new position in Exodus Movement stock. Bank of New York Mellon Corp purchased a new position in Exodus Movement, Inc. (NYSEAMERICAN:EXOD - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 quarter.

Exodus Movement Stock Performance

Shares of NYSEAMERICAN:EXOD opened at $4.84 on Wednesday. The firm has a market cap of $146.17 million, a price-to-earnings ratio of -1.61 and a beta of 2.24. The business has a 50-day simple moving average of $6.63 and a two-hundred day simple moving average of $7.59. Exodus Movement has a fifty-two week low of $4.57 and a fifty-two week high of $25.38.

Exodus Movement (NYSEAMERICAN:EXOD - Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The company reported ($0.62) EPS for the quarter. Exodus Movement had a negative return on equity of 36.07% and a negative net margin of 79.87%. The firm had revenue of $26.23 million during the quarter. As a group, research analysts predict that Exodus Movement will post -1.54 earnings per share for the current year.

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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