Exodus Movement (NYSEAMERICAN:EXOD) Trading Down 7.6% - Time to Sell?

Shares of Exodus Movement, Inc. (NYSEAMERICAN:EXOD - Get Free Report) fell 7.6% on Wednesday . The stock traded as low as $31.25 and last traded at $31.57. 34,504 shares changed hands during trading, a decline of 66% from the average session volume of 101,738 shares. The stock had previously closed at $34.16.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on EXOD shares. BTIG Research reaffirmed a "buy" rating on shares of Exodus Movement in a report on Monday, May 12th. Benchmark raised their target price on Exodus Movement from $38.00 to $58.00 and gave the company a "buy" rating in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods started coverage on Exodus Movement in a research report on Friday, May 2nd. They issued an "outperform" rating and a $65.00 target price on the stock. Finally, HC Wainwright upped their price target on shares of Exodus Movement from $50.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $59.60.

Exodus Movement Trading Down 9.6%

The stock has a market capitalization of $885.64 million, a P/E ratio of 23.94 and a beta of 0.59. The company has a 50-day moving average price of $35.70 and a two-hundred day moving average price of $36.72.

Institutional Inflows and Outflows

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

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