Exodus Movement (NYSEAMERICAN:EXOD) Shares Gap Down – What’s Next?

Exodus Movement, Inc. (NYSEAMERICAN:EXOD)’s share price gapped down before the market opened on Monday . The stock had previously closed at $31.64, but opened at $30.20. Exodus Movement shares last traded at $30.37, with a volume of 9,547 shares traded.

Analysts Set New Price Targets

Several brokerages recently commented on EXOD. Keefe, Bruyette & Woods assumed coverage on Exodus Movement in a research report on Friday, May 2nd. They set an “outperform” rating and a $65.00 price objective on the stock. BTIG Research reaffirmed a “buy” rating on shares of Exodus Movement in a research note on Monday, May 12th. Benchmark boosted their target price on shares of Exodus Movement from $38.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, April 2nd. Finally, HC Wainwright raised their price target on shares of Exodus Movement from $50.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, May 13th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Exodus Movement presently has a consensus rating of “Buy” and an average price target of $59.60.

Exodus Movement Trading Down 9.0%

The company’s 50-day simple moving average is $35.99 and its 200 day simple moving average is $36.55. The stock has a market cap of $825.98 million, a P/E ratio of 22.33 and a beta of 0.63.

Institutional Inflows and Outflows

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

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.