Key Points
- CTO Matias Olivera sold 2,835 Exodus Movement shares at an average price of $8.35, generating $23,672.25. He retains 323,088 shares, and has also sold the same number of shares in two earlier August transactions.
- Exodus shares opened at $9.29, up 11%, but the company continues to report weak profitability, including quarterly EPS of negative $0.62, a negative net margin of 79.87%, and projected full-year EPS of negative $1.46.
- Analysts maintain a generally positive view, with the stock carrying a consensus “Buy” rating and an average price target of $15.92, substantially above the reported share price.
Exodus Movement, Inc. (NYSEAMERICAN:EXOD - Get Free Report) CTO Matias Olivera sold 2,835 shares of the company's stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $8.35, for a total transaction of $23,672.25. Following the completion of the transaction, the chief technology officer owned 323,088 shares of the company's stock, valued at $2,697,784.80. This represents a 0.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Matias Olivera also recently made the following trade(s):
- On Monday, August 24th, Matias Olivera sold 2,835 shares of Exodus Movement stock. The stock was sold at an average price of $7.68, for a total value of $21,772.80.
- On Friday, August 21st, Matias Olivera sold 2,835 shares of Exodus Movement stock. The shares were sold at an average price of $7.81, for a total value of $22,141.35.
Exodus Movement Stock Up 11.0%
Shares of NYSEAMERICAN EXOD opened at $9.29 on Friday. The stock has a market cap of $280.56 million, a PE ratio of -3.09 and a beta of 1.90. Exodus Movement, Inc. has a 52-week low of $4.57 and a 52-week high of $32.92. The business has a 50-day moving average price of $5.80 and a 200 day moving average price of $7.26.
Exodus Movement (NYSEAMERICAN:EXOD - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported ($0.62) EPS for the quarter. Exodus Movement had a negative return on equity of 36.07% and a negative net margin of 79.87%.The firm had revenue of $26.23 million for the quarter. Sell-side analysts anticipate that Exodus Movement, Inc. will post -1.46 earnings per share for the current year.
Wall Street Analyst Weigh In
EXOD has been the subject of a number of recent research reports. Northland Securities set a $8.50 price target on shares of Exodus Movement in a research note on Wednesday, August 12th. Cantor Fitzgerald increased their target price on shares of Exodus Movement from $14.00 to $15.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 12th. Zacks Research raised Exodus Movement from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 14th. BTIG Research reduced their price objective on Exodus Movement from $20.00 to $16.00 and set a "buy" rating for the company in a research note on Tuesday, May 12th. Finally, Benchmark decreased their price objective on Exodus Movement from $21.00 to $12.00 and set a "buy" rating for the company in a research report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $15.92.
Check Out Our Latest Analysis on Exodus Movement
Hedge Funds Weigh In On Exodus Movement
A number of large investors have recently bought and sold shares of the company. FTX Recovery Trust purchased a new stake in shares of Exodus Movement in the fourth quarter valued at about $26,969,000. Tidal Investments LLC acquired a new position in Exodus Movement during the second quarter worth $9,444,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Exodus Movement in the second quarter worth $2,118,000. Geode Capital Management LLC lifted its holdings in Exodus Movement by 109.0% in the second 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 during the period. Finally, Bank of America Corp DE grew its stake in shares of Exodus Movement by 17,155.2% during the 1st quarter. Bank of America Corp DE now owns 33,475 shares of the company's stock worth $218,000 after purchasing an additional 33,281 shares during the period.
Exodus Movement Company Profile
(
Get Free Report)
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.
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