Exodus Movement (NYSEAMERICAN:EXOD) Downgraded by Zacks Research to Hold

Zacks Research cut shares of Exodus Movement (NYSEAMERICAN:EXOD) from a strong-buy rating to a hold rating in a report published on Monday,Zacks.com reports.

A number of other research firms also recently issued reports on EXOD. Northland Securities initiated coverage on shares of Exodus Movement in a report on Thursday, July 17th. They issued an “outperform” rating and a $50.00 price objective for the company. Northland Capmk upgraded Exodus Movement to a “strong-buy” rating in a research note on Thursday, July 17th. Finally, Cantor Fitzgerald initiated coverage on Exodus Movement in a research note on Friday, August 15th. They issued an “overweight” rating and a $45.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $56.14.

Exodus Movement Stock Performance

Shares of Exodus Movement stock opened at $27.78 on Monday. The firm has a 50-day moving average of $28.39 and a 200-day moving average of $34.10. The stock has a market cap of $807.56 million, a PE ratio of 9.99 and a beta of 0.19. Exodus Movement has a 52-week low of $14.77 and a 52-week high of $117.40.

Institutional Investors Weigh In On Exodus Movement

Several institutional investors and hedge funds have recently added to or reduced their stakes in EXOD. CWM LLC bought a new stake in Exodus Movement during the first quarter worth $158,000. Cannon Global Investment Management LLC bought a new stake in shares of Exodus Movement during the 1st quarter worth $201,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Exodus Movement during the 1st quarter worth $262,000. Vident Advisory LLC bought a new stake in shares of Exodus Movement during the 2nd quarter worth $369,000. Finally, Invesco Ltd. bought a new position in shares of Exodus Movement in the first quarter worth 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.