FY2025 EPS Estimates for Exodus Movement Boosted by Analyst

Key Points

• Northland Capital Markets raised its FY2025 earnings estimate for Exodus Movement to $0.92 per share, significantly up from a previous estimate of ($0.22), maintaining a "Strong-Buy" rating.
• HC Wainwright also increased Exodus Movement's price target from $50 to $65, with several analysts maintaining "buy" ratings, signaling strong market confidence.
• The stock is currently trading at $27.32 with a market cap of approximately $783.54 million, after institutional investors recently made significant new stakes in the company.

Exodus Movement, Inc. (NYSEAMERICAN:EXOD - Free Report) - Research analysts at Northland Capmk raised their FY2025 earnings per share (EPS) estimates for shares of Exodus Movement in a note issued to investors on Tuesday, August 12th. Northland Capmk analyst M. Grondahl now anticipates that the company will earn $0.92 per share for the year, up from their previous forecast of ($0.22). Northland Capmk has a "Strong-Buy" rating on the stock. The consensus estimate for Exodus Movement's current full-year earnings is $1.62 per share.

EXOD has been the subject of several other reports. Cantor Fitzgerald assumed coverage on Exodus Movement in a research report on Friday. They set an "overweight" rating and a $45.00 price target for the company. Northland Securities initiated coverage on Exodus Movement in a report on Thursday, July 17th. They issued an "outperform" rating and a $50.00 price objective on the stock. BTIG Research restated a "buy" rating on shares of Exodus Movement in a research report on Monday, May 12th. HC Wainwright lifted their price target on Exodus Movement from $50.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Finally, Keefe, Bruyette & Woods began coverage on shares of Exodus Movement in a research report on Friday, May 2nd. They issued an "outperform" rating and a $65.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $56.14.

Exodus Movement Stock Up 1.1%

NYSEAMERICAN:EXOD traded up $0.30 on Thursday, hitting $26.88. The stock had a trading volume of 45,332 shares, compared to its average volume of 110,873. The company has a fifty day moving average price of $31.34 and a two-hundred day moving average price of $38.60. Exodus Movement has a 1-year low of $12.02 and a 1-year high of $117.40. The stock has a market cap of $770.92 million, a price-to-earnings ratio of 9.67 and a beta of 0.24.

Hedge Funds Weigh In On Exodus Movement

A number of institutional investors and hedge funds have recently bought and sold shares of EXOD. CWM LLC acquired a new stake in shares of Exodus Movement during the first quarter valued at about $158,000. Cannon Global Investment Management LLC acquired a new stake in Exodus Movement during the 1st quarter valued at approximately $201,000. Tidal Investments LLC purchased a new stake in Exodus Movement during the 2nd quarter worth approximately $9,444,000. Geode Capital Management LLC raised its position in shares of Exodus Movement by 109.0% in the 2nd quarter. Geode Capital Management LLC now owns 121,757 shares of the company's stock valued at $3,511,000 after purchasing an additional 63,501 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Exodus Movement in the second quarter worth $2,118,000.

Exodus Movement Company Profile

Exodus Movement, Inc develops blockchain asset investors platform to secure, exchange and manage wealth inside one application. The company was founded by Daniel Castagnoli and Jon Paul Richardson in 2015 and is headquartered in Omaha, NE.