Exodus Movement (NYSEAMERICAN:EXOD) Trading Down 6.5% - Should You Sell?

Exodus Movement, Inc. (NYSEAMERICAN:EXOD - Get Free Report)'s share price dropped 6.5% during mid-day trading on Tuesday . The stock traded as low as $31.51 and last traded at $31.51. Approximately 30,540 shares traded hands during trading, a decline of 71% from the average daily volume of 104,393 shares. The stock had previously closed at $33.70.

Analyst Upgrades and Downgrades

EXOD has been the subject of several recent analyst reports. Keefe, Bruyette & Woods initiated coverage on Exodus Movement in a research note on Friday, May 2nd. They set an "outperform" rating and a $65.00 price objective for the company. BTIG Research restated a "buy" rating on shares of Exodus Movement in a report on Monday, May 12th. Northland Capmk upgraded Exodus Movement to a "strong-buy" rating in a report on Thursday. Benchmark increased their target price on Exodus Movement from $38.00 to $58.00 and gave the stock a "buy" rating in a report on Wednesday, April 2nd. Finally, Northland Securities assumed coverage on Exodus Movement in a report on Thursday. They set an "outperform" rating and a $50.00 target price on the stock. Six investment 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.com, the stock currently has a consensus rating of "Buy" and an average target price of $58.00.

Exodus Movement Price Performance

The company has a market cap of $1.09 billion, a price-to-earnings ratio of 29.54 and a beta of 0.26. The stock has a 50-day moving average price of $32.47 and a 200 day moving average price of $38.39.

Institutional Investors Weigh In On Exodus Movement

Hedge funds and other institutional investors have recently bought and sold shares of the company. CWM LLC acquired a new stake in Exodus Movement in the 1st quarter valued at approximately $158,000. Cannon Global Investment Management LLC acquired a new stake in Exodus Movement in the 1st quarter valued at approximately $201,000. OMERS ADMINISTRATION Corp acquired a new stake in Exodus Movement in the 1st quarter valued at approximately $262,000. Invesco Ltd. acquired a new stake in Exodus Movement in the 1st quarter valued at approximately $420,000. Finally, Floyd Financial Group LLC acquired a new stake in Exodus Movement in the 2nd quarter valued at approximately $1,087,000.

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.