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

Key Points

• Exodus Movement, Inc. (NYSEAMERICAN:EXOD) has received a consensus rating of "Buy" from nine research firms, with seven analysts rating it as a buy and two as a strong buy.
• The average price target for EXOD shares among brokerages is $56.14, reflecting positive sentiment toward the stock.
• Institutional investors have shown significant interest, with Tidal Investments LLC acquiring a new stake valued at approximately $9.44 million in the second quarter.

Exodus Movement, Inc. (NYSEAMERICAN:EXOD - Get Free Report) has earned a consensus rating of "Buy" from the nine ratings firms that are currently covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $56.1429.

Several brokerages have recently weighed in on EXOD. Northland Capmk raised Exodus Movement to a "strong-buy" rating in a research report on Thursday, July 17th. HC Wainwright raised their price target on shares of Exodus Movement from $50.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. 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 for the company. 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 for the company.

Institutional Investors Weigh In On Exodus Movement

Institutional investors have recently modified their holdings of the stock. CWM LLC bought a new position in shares of Exodus Movement during the first quarter worth about $158,000. Cannon Global Investment Management LLC acquired a new stake in Exodus Movement during the first quarter valued at approximately $201,000. OMERS ADMINISTRATION Corp acquired a new stake in Exodus Movement during the first quarter valued at approximately $262,000. Vident Advisory LLC acquired a new stake in Exodus Movement during the second quarter valued at approximately $369,000. Finally, Invesco Ltd. acquired a new stake in Exodus Movement during the first quarter valued at approximately $420,000.

Exodus Movement Stock Up 2.0%

Shares of Exodus Movement stock traded up $0.54 during trading hours on Friday, hitting $27.29. The company's stock had a trading volume of 44,086 shares, compared to its average volume of 109,804. Exodus Movement has a 1-year low of $14.22 and a 1-year high of $117.40. The business has a fifty day moving average of $29.73 and a 200 day moving average of $35.56. The company has a market capitalization of $793.32 million, a PE ratio of 9.82 and a beta of 0.19.

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.