Exodus Movement, Inc. (NYSEAMERICAN:EXOD) Given Average Recommendation of "Buy" by Brokerages

Key Points

• Exodus Movement, Inc. has received an average recommendation of "Buy" from nine analysts, with one strong buy and seven buy recommendations, indicating positive sentiment about the stock's potential.
• The analysts' average 1-year price target for EXOD shares is $56.14, reflecting an optimistic view on the company's future performance.
• Hedge funds have recently increased their stakes in Exodus Movement, with notable new positions totaling approximately $2.2 million from various investment firms in the first and second quarters.

Exodus Movement, Inc. (NYSEAMERICAN:EXOD - Get Free Report) has earned an average recommendation of "Buy" from the nine analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $56.1429.

A number of equities analysts recently commented on EXOD shares. Cantor Fitzgerald started coverage on shares of Exodus Movement in a research report on Friday, August 15th. They set an "overweight" rating and a $45.00 price target on the stock. Northland Securities assumed coverage on shares of Exodus Movement in a report on Thursday, July 17th. They set an "outperform" rating and a $50.00 target price on the stock. Zacks Research cut shares of Exodus Movement from a "strong-buy" rating to a "hold" rating in a report on Monday, September 29th. Finally, Northland Capmk upgraded Exodus Movement to a "strong-buy" rating in a research note on Thursday, July 17th.

Exodus Movement Price Performance

EXOD stock opened at $25.43 on Friday. The stock has a market capitalization of $739.25 million, a price-to-earnings ratio of 9.15 and a beta of 0.18. The business's fifty day moving average price is $27.40 and its two-hundred day moving average price is $31.99. Exodus Movement has a fifty-two week low of $14.78 and a fifty-two week high of $117.40.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. CWM LLC bought a new position in shares of Exodus Movement in the 1st quarter valued at $158,000. Floyd Financial Group LLC bought a new position in Exodus Movement in the second quarter valued at about $1,087,000. Cannon Global Investment Management LLC bought a new position in Exodus Movement in the first quarter valued at about $201,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Exodus Movement during the 1st quarter valued at approximately $262,000. Finally, Invesco Ltd. bought a new stake in shares of Exodus Movement during the 1st quarter valued at approximately $420,000.

Exodus Movement Company Profile

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.

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