Exodus Movement (NYSEAMERICAN:EXOD) Shares Gap Down - Time to 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.

Analyst Ratings Changes

EXOD has been the subject of several research analyst reports. BTIG Research reaffirmed a "buy" rating on shares of Exodus Movement in a report on Monday, May 12th. Keefe, Bruyette & Woods started coverage on shares of Exodus Movement in a research report on Friday, May 2nd. They set an "outperform" rating and a $65.00 price target for the company. 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. Finally, Benchmark lifted their price target on shares of Exodus Movement from $38.00 to $58.00 and gave the stock a "buy" rating in a research note on Wednesday, April 2nd. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $59.60.

Exodus Movement Stock Down 9.1%

The stock has a market capitalization of $825.12 million, a PE ratio of 186.12 and a beta of 0.63. The stock's 50 day moving average price is $35.99 and its 200-day moving average price is $36.55.

Institutional Investors Weigh In On Exodus Movement

Several institutional investors and hedge funds have recently modified their holdings of EXOD. Invesco Ltd. bought a new stake in Exodus Movement in the 1st quarter worth approximately $420,000. OMERS ADMINISTRATION Corp purchased a new position in shares of Exodus Movement in the first quarter valued at $262,000. CWM LLC bought a new stake in Exodus Movement in the first quarter worth $158,000. Finally, Cannon Global Investment Management LLC purchased a new stake in Exodus Movement during the first quarter valued at $201,000.

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.