Exodus Movement (NYSEAMERICAN:EXOD) Trading 6.4% Higher – Should You Buy?

Exodus Movement, Inc. (NYSEAMERICAN:EXOD)’s share price rose 6.4% during trading on Friday . The stock traded as high as $30.73 and last traded at $31.57. Approximately 35,010 shares were traded during trading, a decline of 68% from the average daily volume of 110,790 shares. The stock had previously closed at $29.67.

Analysts Set New Price Targets

EXOD has been the topic of several analyst reports. Cantor Fitzgerald initiated coverage on Exodus Movement in a report on Friday, August 15th. They set an “overweight” rating and a $45.00 target price on the stock. Northland Capmk raised Exodus Movement to a “strong-buy” rating in a report on Thursday, July 17th. Northland Securities initiated coverage on Exodus Movement in a report on Thursday, July 17th. They set an “outperform” rating and a $50.00 target price on the stock. Finally, Zacks Research lowered Exodus Movement from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Exodus Movement presently has a consensus rating of “Buy” and a consensus price target of $56.14.

Exodus Movement Price Performance

The stock has a 50 day moving average price of $28.09 and a 200-day moving average price of $33.26. The stock has a market capitalization of $828.50 million, a price-to-earnings ratio of 10.25 and a beta of 0.18.

Institutional Trading of Exodus Movement

A number of institutional investors have recently made changes to their positions in the company. Vident Advisory LLC acquired a new stake in shares of Exodus Movement in the second quarter worth approximately $369,000. Tidal Investments LLC purchased a new position in Exodus Movement during the second quarter worth approximately $9,444,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Exodus Movement during the second quarter worth approximately $2,118,000. Geode Capital Management LLC lifted its position in Exodus Movement by 109.0% during the second quarter. Geode Capital Management LLC now owns 121,757 shares of the company’s stock worth $3,511,000 after buying an additional 63,501 shares in the last quarter. Finally, Floyd Financial Group LLC purchased a new position in Exodus Movement during the second quarter worth approximately $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.