Exodus Movement (NYSEAMERICAN:EXOD) Shares Gap Down - Should You Sell?

Shares of Exodus Movement, Inc. (NYSEAMERICAN:EXOD - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $31.64, but opened at $30.20. Exodus Movement shares last traded at $30.37, with a volume of 9,547 shares traded.

Analyst Upgrades and Downgrades

EXOD has been the topic of several research reports. Benchmark lifted 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. HC Wainwright lifted their target price on Exodus Movement from $50.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. BTIG Research reaffirmed a "buy" rating on shares of Exodus Movement in a report on Monday, May 12th. Finally, Keefe, Bruyette & Woods initiated coverage on Exodus Movement in a report on Friday, May 2nd. They issued an "outperform" rating and a $65.00 target price on the stock. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $59.60.

Exodus Movement Price Performance

The company has a market cap of $855.24 million, a PE ratio of 23.12 and a beta of 0.59. The company has a 50-day moving average of $35.57 and a 200 day moving average of $36.79.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. OMERS ADMINISTRATION Corp purchased a new position in Exodus Movement in the first quarter worth about $262,000. Invesco Ltd. purchased a new position in shares of Exodus Movement during the first quarter valued at approximately $420,000. CWM LLC purchased a new position in shares of Exodus Movement during the first quarter valued at approximately $158,000. Finally, Cannon Global Investment Management LLC purchased a new position in shares of Exodus Movement during the first quarter valued at approximately $201,000.

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.