Northland Capmk Predicts Exodus Movement FY2025 Earnings

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 upped their FY2025 earnings estimates for shares of Exodus Movement in a research report issued on Tuesday, August 12th. Northland Capmk analyst M. Grondahl now anticipates that the company will post earnings of $0.92 per share for the year, up from their prior estimate of ($0.22). Northland Capmk currently has a "Strong-Buy" rating on the stock. The consensus estimate for Exodus Movement's current full-year earnings is $1.62 per share.

Several other analysts have also weighed in on the stock. BTIG Research reiterated a "buy" rating on shares of Exodus Movement in a research note on Monday, May 12th. Keefe, Bruyette & Woods initiated coverage on shares of Exodus Movement in a research note on Friday, May 2nd. They issued an "outperform" rating and a $65.00 price objective for the company. Northland Securities initiated coverage on shares of Exodus Movement in a research note on Thursday, July 17th. They set an "outperform" rating and a $50.00 price target for the company. Cantor Fitzgerald initiated coverage on shares of Exodus Movement in a research note on Friday. They set an "overweight" rating and a $45.00 price target for the company. Finally, HC Wainwright boosted their price target on shares of Exodus Movement from $50.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $56.14.

Exodus Movement Price Performance

Shares of NYSEAMERICAN:EXOD traded up $1.97 during mid-day trading on Thursday, hitting $28.82. The company had a trading volume of 155,503 shares, compared to its average volume of 136,165. The firm has a fifty day moving average price of $31.39 and a 200 day moving average price of $38.65. The company has a market capitalization of $826.56 million, a PE ratio of 10.37 and a beta of 0.24. Exodus Movement has a one year low of $12.02 and a one year high of $117.40.

Institutional Trading of Exodus Movement

Several institutional investors have recently made changes to their positions in EXOD. Vident Advisory LLC purchased a new position in shares of Exodus Movement in the 2nd quarter worth about $369,000. Tidal Investments LLC purchased a new position in shares of Exodus Movement in the 2nd quarter worth about $9,444,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Exodus Movement in the 2nd quarter worth about $2,118,000. Geode Capital Management LLC boosted its holdings 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 worth $3,511,000 after buying an additional 63,501 shares during the last quarter. Finally, Floyd Financial Group LLC purchased a new position in shares of Exodus Movement in the 2nd quarter worth about $1,087,000.

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.