Key Points
- CFO James Gernetzke sold 5,682 Exodus Movement shares at an average price of $7.35, generating $41,762.70. The sale covered tax withholding obligations tied to vested equity awards and reduced his position by 1.21%.
- Exodus shares opened at $7.41, with a 52-week range of $4.57 to $32.92 and a market capitalization of approximately $223.8 million. The company reported a quarterly loss of $0.62 per share, $26.23 million in revenue, and negative net margins.
- Analysts maintain a consensus “Buy” rating with an average price target of $15.92, although several firms recently lowered their targets. Coverage includes one Strong Buy, five Buy, and one Hold rating.
Exodus Movement, Inc. (NYSEAMERICAN:EXOD - Get Free Report) CFO James Gernetzke sold 5,682 shares of Exodus Movement stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $7.35, for a total value of $41,762.70. Following the sale, the chief financial officer owned 463,988 shares of the company's stock, valued at approximately $3,410,311.80. This trade represents a 1.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Exodus Movement Price Performance
Shares of Exodus Movement stock opened at $7.41 on Friday. Exodus Movement, Inc. has a 1 year low of $4.57 and a 1 year high of $32.92. The firm has a market cap of $223.78 million, a PE ratio of -2.46 and a beta of 2.02. The company has a 50 day simple moving average of $6.01 and a two-hundred day simple moving average of $7.15.
Exodus Movement (NYSEAMERICAN:EXOD - Get Free Report) last issued 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 company had revenue of $26.23 million during the quarter. As a group, research analysts anticipate that Exodus Movement, Inc. will post -1.46 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the company. Benchmark reduced their price objective on Exodus Movement from $21.00 to $12.00 and set a "buy" rating on the stock in a research note on Monday, July 20th. Northland Securities set a $8.50 price target on Exodus Movement in a research note on Wednesday, August 12th. BTIG Research reduced their price objective on shares of Exodus Movement from $20.00 to $16.00 and set a "buy" rating on the stock in a research report on Tuesday, May 12th. Zacks Research upgraded shares of Exodus Movement from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 14th. Finally, Cantor Fitzgerald raised their target price on shares of Exodus Movement from $14.00 to $15.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $15.92.
Get Our Latest Report on EXOD
Institutional Investors Weigh In On Exodus Movement
Hedge funds have recently made changes to their positions in the company. Vontobel Holding Ltd. grew its stake in Exodus Movement by 9.3% in the fourth quarter. Vontobel Holding Ltd. now owns 15,266 shares of the company's stock worth $226,000 after purchasing an additional 1,295 shares during the period. Vident Advisory LLC lifted its position in Exodus Movement by 10.8% during the fourth quarter. Vident Advisory LLC now owns 22,881 shares of the company's stock valued at $338,000 after buying an additional 2,229 shares during the period. Royal Bank of Canada boosted its holdings in shares of Exodus Movement by 42,971.4% during the 4th quarter. Royal Bank of Canada now owns 3,015 shares of the company's stock valued at $44,000 after buying an additional 3,008 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Exodus Movement by 20.2% in the 1st quarter. Bank of New York Mellon Corp now owns 24,526 shares of the company's stock worth $159,000 after buying an additional 4,124 shares during the period. Finally, Invesco Ltd. grew its position in shares of Exodus Movement by 52.8% in the 4th quarter. Invesco Ltd. now owns 15,722 shares of the company's stock worth $233,000 after buying an additional 5,436 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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