Exodus Movement, Inc. (NYSEAMERICAN:EXOD) Receives Average Rating of “Buy” from Analysts

Shares of Exodus Movement, Inc. (NYSEAMERICAN:EXOD) have been given an average recommendation of “Buy” by the nine analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $56.1429.

A number of research analysts have recently issued reports on the company. Northland Capmk raised Exodus Movement to a “strong-buy” rating in a report on Thursday, July 17th. Cantor Fitzgerald began coverage on shares of Exodus Movement in a research report on Friday, August 15th. They issued an “overweight” rating and a $45.00 price objective on the stock. Northland Securities began coverage on shares of Exodus Movement in a research report on Thursday, July 17th. They set an “outperform” rating and a $50.00 price objective for the company. Finally, Zacks Research cut shares of Exodus Movement from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th.

Exodus Movement Stock Down 2.6%

EXOD opened at $30.06 on Tuesday. The business has a 50 day moving average price of $28.16 and a two-hundred day moving average price of $34.00. The company has a market cap of $873.84 million, a PE ratio of 10.81 and a beta of 0.18. Exodus Movement has a 52 week low of $14.78 and a 52 week high of $117.40.

Hedge Funds Weigh In On Exodus Movement

Several institutional investors and hedge funds have recently added to or reduced their stakes in EXOD. CWM LLC purchased a new position in shares of Exodus Movement during the 1st quarter worth approximately $158,000. Cannon Global Investment Management LLC acquired a new position in Exodus Movement during the first quarter worth $201,000. OMERS ADMINISTRATION Corp acquired a new position in Exodus Movement during the first quarter worth $262,000. Invesco Ltd. purchased a new position in Exodus Movement in the first quarter worth $420,000. Finally, Vident Advisory LLC acquired a new stake in Exodus Movement in the second quarter valued at $369,000.

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.