Exodus Movement (NYSEAMERICAN:EXOD) Shares Gap Up - Here's What Happened

Key Points

• Exodus Movement's stock price opened at $28.95 after closing at $26.85, indicating a significant gap up before the market opened on Friday.
• Multiple investment firms have given buy ratings for EXOD, with Cantor Fitzgerald setting a price objective of $45.00 and HC Wainwright raising theirs from $50.00 to $65.00.
• The stock has a consensus rating of "Buy" with an average price target of $56.14, highlighting strong analyst confidence in Exodus Movement.

Exodus Movement, Inc. (NYSEAMERICAN:EXOD - Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $26.85, but opened at $28.95. Exodus Movement shares last traded at $28.25, with a volume of 28,145 shares traded.

Analyst Upgrades and Downgrades

EXOD has been the subject of a number of recent research reports. Cantor Fitzgerald initiated coverage on Exodus Movement in a report on Friday, August 15th. They issued an "overweight" rating and a $45.00 target price for the company. HC Wainwright increased 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. 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 for the company. Northland Securities initiated coverage on Exodus Movement in a report on Thursday, July 17th. They issued an "outperform" rating and a $50.00 target price for the company. Finally, BTIG Research reissued a "buy" rating on shares of Exodus Movement in a report on Monday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $56.14.

Exodus Movement Stock Performance

The firm has a market capitalization of $729.91 million, a P/E ratio of 9.15 and a beta of 0.24. The stock has a 50-day moving average of $31.21 and a 200 day moving average of $38.52.

Institutional Investors Weigh In On Exodus Movement

Large investors have recently bought and sold shares of the business. Vident Advisory LLC bought a new position in Exodus Movement in the 2nd quarter valued at $369,000. Tidal Investments LLC bought a new position in Exodus Movement in the 2nd quarter valued at $9,444,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Exodus Movement in the 2nd quarter worth $2,118,000. Geode Capital Management LLC boosted its position in shares of Exodus Movement by 109.0% in the 2nd quarter. Geode Capital Management LLC now owns 121,757 shares of the company's stock worth $3,511,000 after purchasing an additional 63,501 shares during the last quarter. Finally, Floyd Financial Group LLC bought a new position in shares of Exodus Movement in the 2nd quarter worth $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.