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

Key Points

• Exodus Movement, Inc. (NYSEAMERICAN:EXOD) received an average recommendation of "Buy" from nine brokerage firms, with seven analysts rating it as a buy and two as a strong buy.
• The average price target among analysts for EXOD stock is $56.14, indicating a potential upside from its current trading price.
• Institutional trading activity has increased, with several firms, including Tidal Investments and Geode Capital Management, acquiring new positions in Exodus Movement during the second quarter.

Shares of Exodus Movement, Inc. (NYSEAMERICAN:EXOD - Get Free Report) have been given a consensus recommendation of "Buy" by the nine ratings firms that are presently covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $56.1429.

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

Exodus Movement Stock Performance

Shares of EXOD stock opened at $28.95 on Tuesday. Exodus Movement has a one year low of $14.77 and a one year high of $117.40. The company's 50-day moving average is $28.53 and its 200 day moving average is $34.14. The company has a market capitalization of $841.58 million, a price-to-earnings ratio of 10.41 and a beta of 0.21.

Institutional Trading of Exodus Movement

Institutional investors have recently made changes to their positions in the stock. Vident Advisory LLC purchased a new position in shares of Exodus Movement in the second quarter worth approximately $369,000. Tidal Investments LLC purchased a new position in shares of Exodus Movement in the second quarter worth approximately $9,444,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Exodus Movement in the second quarter worth approximately $2,118,000. Geode Capital Management LLC boosted its holdings in shares of Exodus Movement by 109.0% in the second quarter. Geode Capital Management LLC now owns 121,757 shares of the company's stock worth $3,511,000 after buying an additional 63,501 shares during the last quarter. Finally, Floyd Financial Group LLC purchased a new position in shares of Exodus Movement in the second quarter worth approximately $1,087,000.

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.

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