Exodus Movement, Inc. (NYSEAMERICAN:EXOD) Receives $56.14 Average Price Target from Brokerages

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) has earned a consensus recommendation of “Buy” from the nine research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $56.1429.

A number of equities research analysts have issued reports on the stock. Northland Capmk raised shares of Exodus Movement to a “strong-buy” rating in a report on Thursday, July 17th. Northland Securities started coverage on shares of Exodus Movement in a research note on Thursday, July 17th. They set an “outperform” rating and a $50.00 target price for the company. Zacks Research downgraded shares of Exodus Movement from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Finally, Cantor Fitzgerald began coverage on shares of Exodus Movement in a report on Friday, August 15th. They set an “overweight” rating and a $45.00 price objective for the company.

Hedge Funds Weigh In On Exodus Movement

Several institutional investors have recently added to or reduced their stakes in EXOD. CWM LLC bought a new stake 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 in the first quarter valued at $201,000. OMERS ADMINISTRATION Corp bought a new stake in Exodus Movement in the first quarter worth $262,000. Invesco Ltd. purchased a new stake in Exodus Movement during the first quarter valued at $420,000. Finally, Vident Advisory LLC bought a new position in Exodus Movement during the second quarter valued at $369,000.

Exodus Movement Trading Up 5.5%

NYSEAMERICAN:EXOD opened at $31.70 on Tuesday. The stock has a 50-day moving average price of $28.13 and a 200 day moving average price of $33.78. The stock has a market capitalization of $921.52 million, a P/E ratio of 11.40 and a beta of 0.18. Exodus Movement has a 12-month low of $14.78 and a 12-month high of $117.40.

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.