Cantor Fitzgerald Begins Coverage on Exodus Movement (NYSEAMERICAN:EXOD)

Key Points

• Exodus Movement (NYSEAMERICAN:EXOD) has been upgraded by Cantor Fitzgerald to a "strong-buy" rating, a positive indication for investors.
• Other analysts, including HC Wainwright and Northland Capital Markets, have increased their price targets for Exodus Movement, indicating a strong market sentiment around the stock.
• The stock has shown significant volatility, with a fifty-two week low of $12.02 and a high of $117.40, reflecting its potential for growth.

Cantor Fitzgerald initiated coverage on shares of Exodus Movement (NYSEAMERICAN:EXOD - Get Free Report) in a note issued to investors on Friday, Marketbeat reports. The brokerage set an "overweight" rating and a $45.00 price target on the stock. Cantor Fitzgerald's price objective suggests a potential upside of 75.64% from the company's previous close.

Other research analysts have also issued research reports about the stock. Keefe, Bruyette & Woods started coverage on shares of Exodus Movement in a research note on Friday, May 2nd. They issued an "outperform" rating and a $65.00 price objective for the company. Northland Securities started coverage on shares of Exodus Movement in a report on Thursday, July 17th. They issued an "outperform" rating and a $50.00 target price on the stock. BTIG Research reissued a "buy" rating on shares of Exodus Movement in a research note on Monday, May 12th. Northland Capmk raised shares of Exodus Movement to a "strong-buy" rating in a research note on Thursday, July 17th. Finally, HC Wainwright boosted their price target on Exodus Movement from $50.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $56.14.

Exodus Movement Trading Up 0.7%

NYSEAMERICAN:EXOD traded up $0.17 during trading hours on Friday, reaching $25.62. 14,308 shares of the company were exchanged, compared to its average volume of 110,989. The stock's 50-day moving average is $31.09 and its 200-day moving average is $38.44. The firm has a market cap of $734.78 million, a PE ratio of 9.22 and a beta of 0.24. Exodus Movement has a twelve month low of $12.51 and a twelve month high of $117.40.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of EXOD. CWM LLC acquired a new stake in Exodus Movement during the 1st quarter worth approximately $158,000. Cannon Global Investment Management LLC bought a new stake in Exodus Movement during the 1st quarter worth $201,000. OMERS ADMINISTRATION Corp bought a new stake in Exodus Movement during the 1st quarter worth $262,000. Invesco Ltd. bought a new stake in Exodus Movement during the 1st quarter worth $420,000. Finally, Vident Advisory LLC bought a new stake in shares of Exodus Movement in the 2nd quarter valued at about $369,000.

About Exodus Movement

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.