Exodus Movement (NYSEAMERICAN:EXOD) Upgraded by Zacks Research to “Hold” Rating

Exodus Movement (NYSEAMERICAN:EXOD) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on EXOD. Compass Point reiterated a “buy” rating and set a $19.00 target price on shares of Exodus Movement in a report on Thursday, March 12th. Northland Securities set a $15.00 target price on Exodus Movement in a report on Thursday, April 9th. Benchmark lowered their target price on Exodus Movement from $42.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, March 12th. Finally, BTIG Research decreased their price objective on Exodus Movement from $20.00 to $16.00 and set a “buy” rating for the company in a report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $23.50.

Exodus Movement Trading Down 9.6%

EXOD stock opened at $6.97 on Monday. The stock has a 50-day moving average price of $8.06 and a two-hundred day moving average price of $13.02. The stock has a market cap of $207.78 million, a PE ratio of -5.49 and a beta of 1.90. Exodus Movement has a 1 year low of $5.89 and a 1 year high of $48.70.

Exodus Movement (NYSEAMERICAN:EXOD) last released its earnings results on Monday, May 11th. The company reported ($1.08) earnings per share (EPS) for the quarter. The firm had revenue of $22.75 million for the quarter. Exodus Movement had a negative return on equity of 11.19% and a negative net margin of 28.25%. On average, analysts forecast that Exodus Movement will post -0.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Exodus Movement

Several hedge funds have recently modified their holdings of EXOD. Geode Capital Management LLC grew 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 valued at $3,511,000 after acquiring an additional 63,501 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Exodus Movement in the 2nd quarter valued at about $2,118,000. Tidal Investments LLC bought a new position in Exodus Movement during the second quarter worth about $9,444,000. Vident Advisory LLC bought a new position in Exodus Movement during the second quarter worth about $369,000. Finally, Hussman Strategic Advisors Inc. bought a new position in Exodus Movement during the third quarter worth about $233,000.

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.