Key Points
- CFO James Gernetzke sold 5,579 Exodus Movement shares at an average price of $7.04, generating $39,276.16. The sale covered tax-withholding obligations tied to vested equity awards and reduced his stake by 1.20% to 458,409 shares.
- Exodus reported a quarterly loss of $0.62 per share on $26.23 million in revenue, with a negative net margin of 79.87%. Analysts expect a full-year loss of approximately $1.54 per share.
- Despite the company’s losses and significant share-price volatility, analysts maintain a consensus “Buy” rating with a $15.25 price target, versus the stock’s reported opening price of $6.86.
Exodus Movement, Inc. (NYSEAMERICAN:EXOD - Get Free Report) CFO James Gernetzke sold 5,579 shares of the stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $7.04, for a total transaction of $39,276.16. Following the sale, the chief financial officer directly owned 458,409 shares of the company's stock, valued at $3,227,199.36. This represents a 1.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
James Gernetzke also recently made the following trade(s):
- On Thursday, September 3rd, James Gernetzke sold 5,682 shares of Exodus Movement stock. The shares were sold at an average price of $7.35, for a total transaction of $41,762.70.
Exodus Movement Trading Up 0.1%
EXOD opened at $6.86 on Wednesday. The stock has a market capitalization of $207.17 million, a P/E ratio of -2.28 and a beta of 2.05. Exodus Movement, Inc. has a 12 month low of $4.57 and a 12 month high of $32.21. The firm's fifty day simple moving average is $6.85 and its 200 day simple moving average is $6.63.
Exodus Movement (NYSEAMERICAN:EXOD - Get Free Report) last released its earnings results on Monday, August 10th. The company reported ($0.62) earnings per share (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. On average, equities research analysts predict that Exodus Movement, Inc. will post -1.54 EPS for the current fiscal year.
Institutional Investors Weigh In On Exodus Movement
Several large investors have recently made changes to their positions in EXOD. Bank of New York Mellon Corp grew its stake in shares of Exodus Movement by 20.2% in the first quarter. Bank of New York Mellon Corp now owns 24,526 shares of the company's stock valued at $159,000 after buying an additional 4,124 shares in the last quarter. Impact Partnership Wealth LLC bought a new stake in Exodus Movement during the first quarter worth $66,000. Aristides Capital LLC bought a new stake in Exodus Movement during the fourth quarter worth $164,000. Bank of America Corp DE lifted 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 acquiring an additional 33,281 shares during the last quarter. Finally, FTX Recovery Trust acquired a new stake in Exodus Movement in the fourth quarter valued at $26,969,000.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the company. 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. Cantor Fitzgerald boosted their target price on Exodus Movement from $14.00 to $15.00 and gave the company 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 research report on Tuesday, July 14th. Northland Securities set a $8.50 price target on shares of Exodus Movement in a research note on Wednesday, August 12th. Finally, BTIG Research lowered their price objective on shares of Exodus Movement from $16.00 to $12.00 and set a "buy" rating on the stock in a report on Tuesday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $15.25.
View Our Latest Report on EXOD
About Exodus Movement
(
Get Free Report)
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.
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