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

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) has earned an average rating of “Buy” from the seven research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $15.25.

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

Exodus Movement Stock Performance

Shares of NYSEAMERICAN:EXOD opened at $6.21 on Friday. The firm’s 50 day simple moving average is $6.91 and its 200-day simple moving average is $6.61. Exodus Movement has a one year low of $4.57 and a one year high of $32.21. The firm has a market cap of $187.54 million, a PE ratio of -2.06 and a beta of 2.05.

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

Insider Activity at Exodus Movement

In other news, CFO James Gernetzke sold 5,579 shares of the stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $7.04, for a total transaction of $39,276.16. Following the transaction, the chief financial officer directly owned 458,409 shares in the company, valued at approximately $3,227,199.36. This trade represents a 1.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 20,171 shares of company stock valued at $151,258. Insiders own 67.67% of the company’s stock.

Institutional Trading of Exodus Movement

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Impact Partnership Wealth LLC bought a new position in shares of Exodus Movement in the 1st quarter worth $66,000. Bank of New York Mellon Corp bought a new stake in Exodus Movement during the second quarter valued at about $125,000. Aristides Capital LLC purchased a new position in Exodus Movement in the fourth quarter valued at about $164,000. Bank of America Corp DE grew its stake in Exodus Movement by 17,155.2% in the first quarter. Bank of America Corp DE now owns 33,475 shares of the company’s stock valued at $218,000 after purchasing an additional 33,281 shares during the last quarter. Finally, FTX Recovery Trust bought a new position in Exodus Movement in the fourth quarter worth about $26,969,000.

About Exodus Movement

Exodus Movement, Inc develops and operates non-custodial cryptocurrency wallet software. Its products enable users to store, manage, send and receive digital assets while retaining control of their private keys. The company’s wallet is available through desktop and mobile applications and supports a broad range of cryptocurrencies and blockchain networks.

In addition to wallet functionality, Exodus provides services that can include in-wallet cryptocurrency swaps, staking and access to decentralized applications and other Web3 features.