FTX Recovery Trust Makes New Investment in Exodus Movement, Inc. $EXOD

FTX Recovery Trust bought a new position in shares of Exodus Movement, Inc. (NYSEAMERICAN:EXOD) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,823,486 shares of the company’s stock, valued at approximately $26,969,000. Exodus Movement comprises 85.8% of FTX Recovery Trust’s portfolio, making the stock its largest position. FTX Recovery Trust owned 0.06% of Exodus Movement at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EXOD. Geode Capital Management LLC lifted its position in Exodus Movement by 109.0% during the 2nd quarter. Geode Capital Management LLC now owns 121,757 shares of the company’s stock worth $3,511,000 after acquiring an additional 63,501 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Exodus Movement during the 2nd quarter worth $2,118,000. Tidal Investments LLC acquired a new position in Exodus Movement during the 2nd quarter worth $9,444,000. Vident Advisory LLC acquired a new position in Exodus Movement during the 2nd quarter worth $369,000. Finally, State of Wyoming acquired a new position in Exodus Movement during the 3rd quarter worth $58,000.

Exodus Movement Stock Down 2.6%

NYSEAMERICAN:EXOD opened at $6.04 on Friday. Exodus Movement, Inc. has a 12-month low of $5.74 and a 12-month high of $39.93. The firm has a market capitalization of $181.26 million, a PE ratio of -4.76 and a beta of 1.72. The firm has a 50-day moving average price of $7.09 and a 200 day moving average price of $10.79.

Exodus Movement (NYSEAMERICAN:EXOD) last issued its quarterly earnings data on Monday, May 11th. The company reported ($1.08) earnings per share for the quarter. The firm had revenue of $22.75 million for the quarter. Exodus Movement had a negative return on equity of 11.78% and a negative net margin of 28.25%. On average, research analysts expect that Exodus Movement, Inc. will post -0.78 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on EXOD shares. Compass Point reaffirmed a “buy” rating and set a $19.00 price objective on shares of Exodus Movement in a research report on Thursday, March 12th. Northland Securities set a $15.00 price objective on shares of Exodus Movement in a research report on Thursday, April 9th. BTIG Research cut their price objective on shares of Exodus Movement from $20.00 to $16.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Benchmark cut their price objective on shares of Exodus Movement from $42.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. Finally, Zacks Research lowered shares of Exodus Movement from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 9th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $23.50.

Exodus Movement Profile

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.