Exodus Movement (NYSEAMERICAN:EXOD) Raised to "Strong-Buy" at Northland Capmk

Exodus Movement (NYSEAMERICAN:EXOD - Get Free Report) was upgraded by analysts at Northland Capmk to a "strong-buy" rating in a note issued to investors on Thursday,Zacks.com reports.

A number of other research analysts have also recently commented on the company. Keefe, Bruyette & Woods initiated coverage on Exodus Movement in a research note on Friday, May 2nd. They set an "outperform" rating and a $65.00 target price on the stock. BTIG Research reaffirmed a "buy" rating on shares of Exodus Movement in a research report on Monday, May 12th. HC Wainwright upped their target price on Exodus Movement from $50.00 to $65.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Benchmark upped their target price on Exodus Movement from $38.00 to $58.00 and gave the company a "buy" rating in a research report on Wednesday, April 2nd. Finally, Northland Securities began coverage on Exodus Movement in a research report on Thursday. They issued an "outperform" rating and a $50.00 target price on the stock. Six equities research analysts have rated the stock with a buy rating and one has issued a strong 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 price target of $58.00.

Exodus Movement Stock Performance

EXOD stock traded up $1.80 during midday trading on Thursday, reaching $38.10. 170,744 shares of the company traded hands, compared to its average volume of 146,151. Exodus Movement has a 52-week low of $12.02 and a 52-week high of $117.40. The business has a 50 day moving average of $32.47 and a 200-day moving average of $38.39. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 29.54 and a beta of 0.26.

Institutional Inflows and Outflows

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