Northland Securities began coverage on shares of Exodus Movement (NYSEAMERICAN:EXOD - Free Report) in a research note published on Thursday morning, MarketBeat.com reports. The brokerage issued an outperform rating and a $50.00 price objective on the stock.
Other research analysts have also issued research reports about the company. Keefe, Bruyette & Woods assumed coverage on Exodus Movement in a research report on Friday, May 2nd. They issued an "outperform" rating and a $65.00 target price for the company. BTIG Research reissued a "buy" rating on shares of Exodus Movement in a research note on Monday, May 12th. Benchmark boosted their price objective on Exodus Movement from $38.00 to $58.00 and gave the stock a "buy" rating in a research note on Wednesday, April 2nd. Finally, HC Wainwright boosted their target price on Exodus Movement from $50.00 to $65.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $58.00.
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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 146,151. 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 $38.50.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cannon Global Investment Management LLC acquired a new stake in shares of Exodus Movement in the 1st quarter valued at about $201,000. Floyd Financial Group LLC acquired a new position in Exodus Movement during the second quarter worth approximately $1,087,000. Invesco Ltd. acquired a new position in Exodus Movement during the first quarter worth approximately $420,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Exodus Movement in the first quarter valued at approximately $262,000. Finally, CWM LLC acquired a new position in shares of Exodus Movement in the first quarter valued at approximately $158,000.
About Exodus Movement
(
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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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