Northland Capmk Upgrades Exodus Movement (NYSEAMERICAN:EXOD) to Strong-Buy

Exodus Movement (NYSEAMERICAN:EXOD) was upgraded by investment analysts at Northland Capmk to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Other analysts have also recently issued reports about the company. Keefe, Bruyette & Woods initiated coverage on Exodus Movement in a report on Friday, May 2nd. They set an “outperform” rating and a $65.00 price target for the company. HC Wainwright lifted their price target on Exodus Movement from $50.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, May 13th. BTIG Research reissued a “buy” rating on shares of Exodus Movement in a report on Monday, May 12th. Benchmark lifted their price target on Exodus Movement from $38.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, April 2nd. Finally, Northland Securities began coverage on Exodus Movement in a report on Thursday. They issued an “outperform” rating and a $50.00 price objective for the company. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Exodus Movement presently has an average rating of “Buy” and a consensus target price of $58.00.

Exodus Movement Trading Up 5.0%

NYSEAMERICAN:EXOD opened at $38.10 on Thursday. The stock has a market cap of $1.09 billion, a P/E ratio of 29.54 and a beta of 0.26. The stock has a 50 day simple moving average of $32.47 and a 200 day simple moving average of $38.39. Exodus Movement has a 1-year low of $12.02 and a 1-year high of $117.40.

Hedge Funds Weigh In On Exodus Movement

A number of institutional investors have recently modified their holdings of EXOD. Floyd Financial Group LLC bought a new stake in Exodus Movement during the 2nd quarter worth $1,087,000. Invesco Ltd. bought a new stake in shares of Exodus Movement in the 1st quarter valued at about $420,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Exodus Movement in the 1st quarter valued at about $262,000. Cannon Global Investment Management LLC bought a new stake in shares of Exodus Movement in the 1st quarter valued at about $201,000. Finally, CWM LLC bought a new stake in shares of Exodus Movement in the 1st quarter valued at about $158,000.

About Exodus Movement

Exodus Movement, Inc develops blockchain asset investors platform to secure, exchange and manage wealth inside one application. The company was founded by Daniel Castagnoli and Jon Paul Richardson in 2015 and is headquartered in Omaha, NE.