Shares of Exodus Movement, Inc. (NYSEAMERICAN:EXOD - Get Free Report) rose 10.4% during trading on Friday . The company traded as high as $29.20 and last traded at $28.86. Approximately 123,670 shares were traded during trading, an increase of 28% from the average daily volume of 96,794 shares. The stock had previously closed at $26.13.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on EXOD. Keefe, Bruyette & Woods initiated coverage on shares of Exodus Movement in a research note on Friday, May 2nd. They issued an "outperform" rating and a $65.00 price target on the stock. HC Wainwright increased their price objective on Exodus Movement from $50.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Benchmark lifted their target price 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. BTIG Research reissued a "buy" rating on shares of Exodus Movement in a research note on Monday, May 12th. Finally, Compass Point initiated coverage on shares of Exodus Movement in a research note on Wednesday, February 12th. They set a "buy" rating and a $70.00 price objective for the company. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $59.60.
View Our Latest Stock Analysis on EXOD
Exodus Movement Price Performance
The stock's fifty day moving average is $38.32 and its 200-day moving average is $35.12.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. CWM LLC acquired a new stake in shares of Exodus Movement during the 1st quarter worth about $158,000. Cannon Global Investment Management LLC acquired a new stake in shares of Exodus Movement during the first quarter valued at about $201,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of Exodus Movement in the 1st quarter valued at approximately $262,000. Finally, Invesco Ltd. acquired a new position in shares of Exodus Movement in the 1st quarter worth approximately $420,000.
Exodus Movement Company Profile
(
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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.
Further Reading
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