Exodus Movement, Inc. (NYSEAMERICAN:EXOD) Receives $58.00 Consensus Target Price from Analysts

Shares of Exodus Movement, Inc. (NYSEAMERICAN:EXOD) have earned an average rating of “Buy” from the eight analysts that are presently covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $56.1429.

A number of research analysts have recently issued reports on EXOD shares. Northland Securities started coverage on shares of Exodus Movement in a research report on Thursday, July 17th. They issued an “outperform” rating and a $50.00 price objective on the stock. HC Wainwright lifted their price objective on shares of Exodus Movement from $50.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, May 13th. Keefe, Bruyette & Woods assumed coverage on Exodus Movement in a research note on Friday, May 2nd. They set an “outperform” rating and a $65.00 price target on the stock. BTIG Research restated a “buy” rating on shares of Exodus Movement in a research note on Monday, May 12th. Finally, Cantor Fitzgerald assumed coverage on Exodus Movement in a research note on Friday. They set an “overweight” rating and a $45.00 price target on the stock.

Exodus Movement Stock Up 7.3%

Shares of Exodus Movement stock opened at $28.82 on Monday. The firm’s 50 day moving average price is $31.39 and its 200-day moving average price is $38.68. Exodus Movement has a 52-week low of $12.02 and a 52-week high of $117.40. The company has a market cap of $826.56 million, a P/E ratio of 10.37 and a beta of 0.24.

Institutional Investors Weigh In On Exodus Movement

Large investors have recently modified their holdings of the business. CWM LLC purchased a new stake in Exodus Movement in the first quarter valued at approximately $158,000. Cannon Global Investment Management LLC purchased a new stake in Exodus Movement in the first quarter valued at approximately $201,000. OMERS ADMINISTRATION Corp purchased a new stake in Exodus Movement in the first quarter valued at approximately $262,000. Invesco Ltd. purchased a new stake in Exodus Movement in the first quarter valued at approximately $420,000. Finally, Vident Advisory LLC purchased a new stake in Exodus Movement in the second quarter valued at approximately $369,000.

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.