Exodus Movement (NYSEAMERICAN:EXOD) Shares Gap Up - What's Next?

Exodus Movement, Inc. (NYSEAMERICAN:EXOD - Get Free Report)'s share price gapped up prior to trading on Friday . The stock had previously closed at $30.14, but opened at $31.56. Exodus Movement shares last traded at $32.00, with a volume of 14,742 shares changing hands.

Analyst Ratings Changes

Several research analysts have recently commented on EXOD shares. BTIG Research reiterated a "buy" rating on shares of Exodus Movement in a report on Monday, May 12th. HC Wainwright lifted their price target on Exodus Movement from $50.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Keefe, Bruyette & Woods assumed 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. Finally, Benchmark raised their target price on shares of Exodus Movement from $38.00 to $58.00 and gave the stock a "buy" rating in a report on Wednesday, April 2nd. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, Exodus Movement has an average rating of "Buy" and a consensus price target of $59.60.

Exodus Movement Stock Performance

The stock's 50-day moving average price is $35.99 and its two-hundred day moving average price is $36.55. The stock has a market capitalization of $825.12 million, a PE ratio of 22.30 and a beta of 0.63.

Hedge Funds Weigh In On Exodus Movement

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

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.