Exodus Movement (NYSEAMERICAN:EXOD) Now Covered by Analysts at Northland Securities

Northland Securities initiated coverage on shares of Exodus Movement (NYSEAMERICAN:EXOD - Free Report) in a research note issued to investors on Thursday morning, Marketbeat reports. The firm issued an outperform rating and a $50.00 target price on the stock.

Other research analysts have also issued research reports about the stock. Benchmark raised their price objective on shares of Exodus Movement from $38.00 to $58.00 and gave the company a "buy" rating in a research note on Wednesday, April 2nd. HC Wainwright raised their price objective on shares of Exodus Movement from $50.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. BTIG Research reissued a "buy" rating on shares of Exodus Movement in a report on Monday, May 12th. Finally, Keefe, Bruyette & Woods initiated coverage on shares of Exodus Movement in a report on Friday, May 2nd. They set an "outperform" rating and a $65.00 price objective on the stock. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Exodus Movement currently has an average rating of "Buy" and a consensus target price of $58.00.

Exodus Movement Stock Up 5.0%

Shares of Exodus Movement stock traded up $1.80 on Thursday, reaching $38.10. The stock had a trading volume of 170,744 shares, compared to its average volume of 137,776. The stock has a market capitalization of $1.09 billion, a P/E ratio of 29.54 and a beta of 0.26. Exodus Movement has a 1 year low of $12.02 and a 1 year high of $117.40. The company has a 50 day moving average price of $32.47 and a 200 day moving average price of $38.57.

Hedge Funds Weigh In On Exodus Movement

Institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC acquired a new stake in Exodus Movement in the first quarter worth $158,000. Cannon Global Investment Management LLC acquired a new stake in Exodus Movement in the first quarter worth $201,000. OMERS ADMINISTRATION Corp acquired a new stake in Exodus Movement in the first quarter worth $262,000. Invesco Ltd. acquired a new stake in Exodus Movement in the first quarter worth $420,000. Finally, Floyd Financial Group LLC acquired a new stake in Exodus Movement in the second quarter worth $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.