Exodus Movement (NYSEAMERICAN:EXOD) Stock Price Up 10.4% - Here's Why

Exodus Movement, Inc. (NYSEAMERICAN:EXOD - Get Free Report)'s stock price traded up 10.4% during mid-day trading on Friday . The company traded as high as $29.20 and last traded at $28.86. 123,670 shares were traded during trading, an increase of 28% from the average session volume of 96,794 shares. The stock had previously closed at $26.13.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on EXOD shares. HC Wainwright lifted their price target on Exodus Movement from $50.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Compass Point initiated coverage on shares of Exodus Movement in a research report on Wednesday, February 12th. They set a "buy" rating and a $70.00 price objective on the stock. Benchmark boosted their target price on shares of Exodus Movement from $38.00 to $58.00 and gave the stock a "buy" rating in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods assumed coverage on shares of Exodus Movement in a research note on Friday, May 2nd. They set an "outperform" rating and a $65.00 price target on the stock. Finally, BTIG Research restated a "buy" rating on shares of Exodus Movement in a report on Monday, May 12th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $59.60.

Exodus Movement Stock Performance

The firm has a 50-day moving average of $37.77 and a two-hundred day moving average of $35.31.

Hedge Funds Weigh In On Exodus Movement

Several large investors have recently added to or reduced their stakes in EXOD. CWM LLC acquired a new position in shares of Exodus Movement in the 1st quarter valued at $158,000. Cannon Global Investment Management LLC bought a new stake in Exodus Movement in the first quarter valued at about $201,000. OMERS ADMINISTRATION Corp bought a new stake in Exodus Movement in the first quarter valued at about $262,000. Finally, Invesco Ltd. acquired a new position in Exodus Movement in the first quarter worth about $420,000.

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.