Exodus Movement, Inc. (NYSEAMERICAN:EXOD) Receives Consensus Recommendation of "Buy" from Analysts

Key Points

• Exodus Movement has an average analyst recommendation of Buy from nine brokerages (1 sell, 6 buy, 2 strong buy) with a mean 12‑month target price of $35.00.
• Several firms recently trimmed targets—Compass Point $19, BTIG to $20 (from $30), Benchmark to $21 (from $42) and HC Wainwright $25—indicating mixed sentiment despite the buy consensus.
• The stock opened at $8.12 (1‑year range $7.12–$57), has a $242M market cap and a negative P/E of -12.69; the company reported ($1.69) EPS on $29.39M revenue last quarter while analysts forecast 1.62 EPS for the current year.

Exodus Movement, Inc. (NYSEAMERICAN:EXOD - Get Free Report) has received an average recommendation of "Buy" from the nine brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have given a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $35.00.

EXOD has been the topic of several recent analyst reports. Zacks Research lowered shares of Exodus Movement from a "hold" rating to a "strong sell" rating in a research note on Friday, March 13th. Compass Point restated a "buy" rating and issued a $19.00 target price on shares of Exodus Movement in a report on Thursday, March 12th. BTIG Research dropped their target price on shares of Exodus Movement from $30.00 to $20.00 and set a "buy" rating on the stock in a research report on Thursday, March 12th. Benchmark cut their price target on shares of Exodus Movement from $42.00 to $21.00 and set a "buy" rating on the stock in a research note on Thursday, March 12th. Finally, HC Wainwright reissued a "buy" rating and issued a $25.00 price target on shares of Exodus Movement in a research report on Thursday, December 18th.

Exodus Movement Stock Performance

NYSEAMERICAN:EXOD opened at $8.12 on Tuesday. Exodus Movement has a 1 year low of $7.12 and a 1 year high of $57.00. The stock has a market cap of $242.06 million, a P/E ratio of -12.69 and a beta of 1.06. The stock has a 50-day simple moving average of $11.70 and a 200-day simple moving average of $18.03.

Exodus Movement (NYSEAMERICAN:EXOD - Get Free Report) last issued its earnings results on Wednesday, March 11th. The company reported ($1.69) earnings per share for the quarter. The business had revenue of $29.39 million for the quarter. Exodus Movement had a negative return on equity of 4.28% and a negative net margin of 9.34%. On average, equities research analysts predict that Exodus Movement will post 1.62 EPS for the current year.

Institutional Trading of Exodus Movement

Several institutional investors and hedge funds have recently made changes to their positions in EXOD. Vontobel Holding Ltd. grew its stake in Exodus Movement by 9.3% during the 4th quarter. Vontobel Holding Ltd. now owns 15,266 shares of the company's stock worth $226,000 after buying an additional 1,295 shares during the last quarter. State of Wyoming purchased a new stake in Exodus Movement in the third quarter valued at approximately $58,000. Vident Advisory LLC boosted its holdings in shares of Exodus Movement by 10.8% in the fourth quarter. Vident Advisory LLC now owns 22,881 shares of the company's stock valued at $338,000 after acquiring an additional 2,229 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Exodus Movement by 39.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 10,491 shares of the company's stock valued at $155,000 after acquiring an additional 2,951 shares during the period. Finally, Royal Bank of Canada grew its position in shares of Exodus Movement by 42,971.4% during the fourth quarter. Royal Bank of Canada now owns 3,015 shares of the company's stock worth $44,000 after acquiring an additional 3,008 shares during the last quarter.

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.

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