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Investing.com - BTIG maintained its Buy rating and $50.00 price target on Exodus Movement, Inc. (OTC:EXOD) following the company’s second-quarter 2025 earnings report released after market close. According to InvestingPro data, the company’s stock currently trades at $30.12, suggesting significant upside potential to analyst targets ranging from $50 to $65.
The digital asset firm reported revenue in line with BTIG’s estimates but slightly below consensus expectations. With an impressive gross profit margin of 96.6% and strong revenue growth of 71.36% over the last twelve months, the company maintains robust fundamentals despite gross profit and adjusted EBIT results falling short of Street estimates, which BTIG attributed to a combination of one-time expenses and unfavorable volume mix with certain partners. InvestingPro subscribers can access 10+ additional key metrics and insights about EXOD’s financial health.
Despite the underwhelming quarterly results, BTIG highlighted management’s effectiveness in showcasing Exodus Movement’s significant role in the growing digital assets ecosystem. Trading at a P/E ratio of 22.68x with a market capitalization of $870 million, the company announced a new partnership between its XO Swap solution and MetaMask (Private) that will enable MetaMask users to swap their digital assets with bitcoin for the first time.
CEO JP Richardson indicated that near-term growth for the company would continue to be driven by XO Swap partnerships, while longer-term growth would come from continued user adoption of the core Exodus platform.
BTIG analyst Andrew Harte noted that investors familiar with the company would likely not focus heavily on the volume or revenue results, as Exodus Movement regularly publishes its monthly volume statistics.
In other recent news, Exodus Movement Inc. announced its second-quarter earnings for 2025, reporting a revenue of $26 million. This figure was below the anticipated $31.5 million, despite showing a 16% growth compared to the same period last year. Analysts had projected higher revenues, and the shortfall has been a focal point for investors. The earnings report did not meet expectations, leading to a reaction in the market. Although the company’s stock experienced a decline during regular trading hours, it showed a slight recovery in aftermarket trading. These developments are significant for stakeholders as they assess the company’s financial performance. Investors will likely continue to monitor Exodus Movement’s future earnings closely.
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