Exodus Movement (NYSEAMERICAN:EXOD) Trading Down 8.1% - Should You Sell?

Exodus Movement, Inc. (NYSEAMERICAN:EXOD - Get Free Report) shares traded down 8.1% during trading on Monday . The stock traded as low as $34.73 and last traded at $35.00. 165,827 shares traded hands during trading, an increase of 54% from the average session volume of 107,742 shares. The stock had previously closed at $38.10.

Analysts Set New Price Targets

Several research analysts recently commented on the company. 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 target price for the company. Northland Capmk raised Exodus Movement to a "strong-buy" rating in a research note on Thursday, July 17th. HC Wainwright boosted their target price on Exodus Movement from $50.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. BTIG Research reissued a "buy" rating on shares of Exodus Movement in a research note on Monday, May 12th. Finally, Benchmark lifted their price target on Exodus Movement from $38.00 to $58.00 and gave the stock a "buy" rating in a report on Wednesday, April 2nd. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $58.00.

Exodus Movement Stock Performance

The firm has a market cap of $963.93 million, a price-to-earnings ratio of 26.05 and a beta of 0.26. The business has a fifty day moving average of $31.86 and a two-hundred day moving average of $38.88.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Floyd Financial Group LLC acquired a new stake in shares of Exodus Movement during the second quarter valued at about $1,087,000. Invesco Ltd. acquired a new position in Exodus Movement in the first quarter worth about $420,000. OMERS ADMINISTRATION Corp acquired a new position in Exodus Movement in the first quarter worth about $262,000. Cannon Global Investment Management LLC acquired a new position in Exodus Movement in the first quarter worth about $201,000. Finally, CWM LLC acquired a new position in Exodus Movement in the first quarter worth about $158,000.

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.