Floyd Financial Group LLC Makes New $1.09 Million Investment in Exodus Movement, Inc. $EXOD

Key Points

• Floyd Financial Group LLC has made a significant new investment of approximately $1.09 million in Exodus Movement, acquiring 37,691 shares.
• Exodus Movement has received positive ratings from analysts, including Zacks Research upgrading the stock to a "strong-buy" rating and multiple firms setting target prices as high as $56.14.
• As the company's stock trades at $32.00, it has experienced a significant increase of 12.1% recently, with a market capitalization of approximately $930.24 million.

Floyd Financial Group LLC purchased a new stake in shares of Exodus Movement, Inc. (NYSEAMERICAN:EXOD - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 37,691 shares of the company's stock, valued at approximately $1,087,000. Exodus Movement accounts for approximately 1.0% of Floyd Financial Group LLC's holdings, making the stock its 25th biggest position. Floyd Financial Group LLC owned about 0.13% of Exodus Movement as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

Several equities analysts recently weighed in on EXOD shares. Zacks Research raised shares of Exodus Movement from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 29th. Northland Securities began coverage on shares of Exodus Movement in a research note on Thursday, July 17th. They issued an "outperform" rating and a $50.00 target price on the stock. Northland Capmk raised Exodus Movement to a "strong-buy" rating in a research report on Thursday, July 17th. Finally, Cantor Fitzgerald began 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. Two analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to data from MarketBeat, Exodus Movement has an average rating of "Buy" and a consensus price target of $56.14.

Exodus Movement Trading Up 12.1%

Shares of Exodus Movement stock opened at $32.00 on Thursday. The firm's 50-day moving average price is $28.96 and its 200 day moving average price is $33.98. The firm has a market capitalization of $930.24 million, a PE ratio of 11.51 and a beta of 0.19. Exodus Movement, Inc. has a twelve month low of $14.77 and a twelve month high of $117.40.

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.

Want to see what other hedge funds are holding EXOD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exodus Movement, Inc. (NYSEAMERICAN:EXOD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.