Exodus Movement (NYSEAMERICAN:EXOD) Trading Up 6.5% - Still a Buy?

Key Points

• Exodus Movement's stock rose by 6.5%, trading at $30.16 after a previous close of $28.31, despite a significant decrease in trading volume.
• Multiple analysts have recently rated EXOD with positive outlooks, with a consensus rating of "Buy" and an average target price of $56.14.
• The company has a market capitalization of approximately $894.92 million and operates a platform for blockchain asset management while being headquartered in Omaha, NE.

Exodus Movement, Inc. (NYSEAMERICAN:EXOD - Get Free Report)'s stock price was up 6.5% on Thursday . The stock traded as high as $29.78 and last traded at $30.16. Approximately 9,482 shares traded hands during trading, a decline of 91% from the average daily volume of 110,541 shares. The stock had previously closed at $28.31.

Analysts Set New Price Targets

A number of research analysts have issued reports on EXOD shares. Northland Securities assumed coverage on shares of Exodus Movement in a research report on Thursday, July 17th. They set an "outperform" rating and a $50.00 target price on the stock. Cantor Fitzgerald initiated coverage on shares of Exodus Movement in a research note on Friday, August 15th. They set an "overweight" rating and a $45.00 price target for the company. Zacks Research lowered shares of Exodus Movement from a "strong-buy" rating to a "hold" rating in a report on Monday. Finally, Northland Capmk raised shares of Exodus Movement to a "strong-buy" rating in a report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $56.14.

Exodus Movement Stock Performance

The company has a market capitalization of $894.92 million, a price-to-earnings ratio of 11.07 and a beta of 0.18. The company has a 50-day moving average price of $28.27 and a 200-day moving average price of $34.06.

Institutional Investors Weigh In On Exodus Movement

Several hedge funds have recently bought and sold shares of EXOD. Cannon Global Investment Management LLC acquired a new position in shares of Exodus Movement in the 1st quarter valued at $201,000. CWM LLC bought a new position in Exodus Movement during the first quarter worth about $158,000. Invesco Ltd. acquired a new position in Exodus Movement in the first quarter valued at about $420,000. OMERS ADMINISTRATION Corp acquired a new position in Exodus Movement in the first quarter valued at about $262,000. Finally, Floyd Financial Group LLC bought a new stake in shares of Exodus Movement in the second quarter worth about $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.

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