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

Shares of Exodus Movement, Inc. (NYSEAMERICAN:EXOD - Get Free Report) have received an average rating of "Buy" from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $58.00.

Several analysts have recently commented on the company. Keefe, Bruyette & Woods started coverage on Exodus Movement in a report on Friday, May 2nd. They issued an "outperform" rating and a $65.00 price target for the company. BTIG Research reissued a "buy" rating on shares of Exodus Movement in a report on Monday, May 12th. HC Wainwright boosted their price target on Exodus Movement from $50.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Northland Capmk upgraded Exodus Movement to a "strong-buy" rating in a research note on Thursday, July 17th. Finally, Northland Securities began coverage on Exodus Movement in a research note on Thursday, July 17th. They set an "outperform" rating and a $50.00 price target for the company.

Exodus Movement Stock Performance

EXOD stock traded up $0.13 during mid-day trading on Monday, reaching $27.47. The company had a trading volume of 91,519 shares, compared to its average volume of 110,539. Exodus Movement has a fifty-two week low of $12.02 and a fifty-two week high of $117.40. The company has a market capitalization of $787.84 million, a price-to-earnings ratio of 9.88 and a beta of 0.24. The firm has a fifty day simple moving average of $31.37 and a 200 day simple moving average of $38.67.

Institutional Investors Weigh In On Exodus Movement

Several large investors have recently modified their holdings of the stock. Geode Capital Management LLC boosted its position 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 period. Floyd Financial Group LLC acquired a new stake in shares of Exodus Movement in the second quarter worth $1,087,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Exodus Movement in the first quarter worth $262,000. Invesco Ltd. acquired a new stake in shares of Exodus Movement in the first quarter worth $420,000. Finally, CWM LLC acquired a new stake in shares of Exodus Movement in the first quarter worth $158,000.

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.