Exodus Movement, Inc. (NYSEAMERICAN:EXOD) Receives $48.14 Average Price Target from Brokerages

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) has earned a consensus recommendation of “Buy” from the ten brokerages that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $48.1429.

EXOD has been the subject of a number of research analyst reports. HC Wainwright restated a “buy” rating and set a $25.00 price target on shares of Exodus Movement in a research report on Thursday. Benchmark reissued a “buy” rating on shares of Exodus Movement in a research report on Tuesday, November 25th. Zacks Research lowered shares of Exodus Movement from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 26th. Singular Research upgraded Exodus Movement to a “strong-buy” rating in a research note on Tuesday, November 18th. Finally, BTIG Research reissued a “buy” rating and set a $40.00 price objective on shares of Exodus Movement in a report on Tuesday, November 25th.

Exodus Movement Stock Performance

EXOD stock opened at $15.51 on Friday. Exodus Movement has a fifty-two week low of $13.31 and a fifty-two week high of $117.40. The stock’s 50 day simple moving average is $19.52 and its 200 day simple moving average is $26.15. The company has a market cap of $454.91 million, a P/E ratio of 4.73 and a beta of 0.50.

Exodus Movement (NYSEAMERICAN:EXOD) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.53 EPS for the quarter. Exodus Movement had a return on equity of 27.16% and a net margin of 79.42%.The firm had revenue of $30.34 million during the quarter. Equities analysts predict that Exodus Movement will post 1.62 earnings per share for the current year.

Hedge Funds Weigh In On Exodus Movement

A number of large investors have recently made changes to their positions in EXOD. Tidal Investments LLC increased its position in shares of Exodus Movement by 2.7% during the third quarter. Tidal Investments LLC now owns 336,591 shares of the company’s stock valued at $9,350,000 after buying an additional 9,002 shares during the period. Millennium Management LLC grew its stake in Exodus Movement by 46.5% during the third quarter. Millennium Management LLC now owns 17,812 shares of the company’s stock valued at $495,000 after acquiring an additional 5,651 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Exodus Movement by 47.5% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,343 shares of the company’s stock worth $3,010,000 after acquiring an additional 34,882 shares during the period. Vident Advisory LLC increased its holdings in Exodus Movement by 61.4% during the 3rd quarter. Vident Advisory LLC now owns 20,652 shares of the company’s stock worth $574,000 after acquiring an additional 7,857 shares during the period. Finally, Alps Advisors Inc. purchased a new stake in Exodus Movement in the 3rd quarter worth approximately $447,000.

About Exodus Movement

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.