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

Exodus Movement, Inc. (NYSEAMERICAN:EXOD - Get Free Report) has received an average rating of "Buy" from the seven research firms that are covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $58.00.

A number of analysts have recently issued reports on EXOD shares. HC Wainwright lifted their price objective on shares of Exodus Movement from $50.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Northland Securities began coverage on Exodus Movement in a research note on Thursday. They set an "outperform" rating and a $50.00 price objective for the company. Keefe, Bruyette & Woods began coverage on Exodus Movement in a research note on Friday, May 2nd. They set an "outperform" rating and a $65.00 price objective for the company. BTIG Research restated a "buy" rating on shares of Exodus Movement in a research note on Monday, May 12th. Finally, Northland Capmk upgraded Exodus Movement to a "strong-buy" rating in a research note on Thursday.

Hedge Funds Weigh In On Exodus Movement

Hedge funds have recently modified their holdings of the company. CWM LLC acquired a new position in shares of Exodus Movement in the 1st quarter worth $158,000. Cannon Global Investment Management LLC acquired a new position in shares of Exodus Movement in the 1st quarter worth $201,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Exodus Movement in the 1st quarter worth $262,000. Invesco Ltd. acquired a new position in shares of Exodus Movement in the 1st quarter worth $420,000. Finally, Floyd Financial Group LLC acquired a new position in shares of Exodus Movement in the 2nd quarter worth $1,087,000.

Exodus Movement Stock Performance

Shares of NYSEAMERICAN:EXOD traded up $1.80 during mid-day trading on Thursday, hitting $38.10. 170,744 shares of the company traded hands, compared to its average volume of 137,776. The firm has a market cap of $1.09 billion, a P/E ratio of 29.54 and a beta of 0.26. Exodus Movement has a 52-week low of $12.02 and a 52-week high of $117.40. The firm's 50 day simple moving average is $32.47 and its 200 day simple moving average is $38.57.

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.