Exodus Movement (NYSEAMERICAN:EXOD) Coverage Initiated at Cantor Fitzgerald

Investment analysts at Cantor Fitzgerald assumed coverage on shares of Exodus Movement (NYSEAMERICAN:EXOD) in a research note issued on Friday, Marketbeat Ratings reports. The firm set an “overweight” rating and a $45.00 price target on the stock. Cantor Fitzgerald’s price target would indicate a potential upside of 56.14% from the company’s previous close.

A number of other equities analysts also recently commented on the company. HC Wainwright boosted their price objective on Exodus Movement from $50.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, May 13th. Northland Capmk raised shares of Exodus Movement to a “strong-buy” rating in a research report on Thursday, July 17th. Northland Securities started coverage on shares of Exodus Movement in a report on Thursday, July 17th. They issued an “outperform” rating and a $50.00 price objective on the stock. BTIG Research reiterated a “buy” rating on shares of Exodus Movement in a research note on Monday, May 12th. Finally, Keefe, Bruyette & Woods started coverage on Exodus Movement in a report on Friday, May 2nd. They issued an “outperform” rating and a $65.00 target price on the stock. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $56.14.

Exodus Movement Trading Up 7.3%

EXOD stock opened at $28.82 on Friday. The business’s fifty day moving average price is $31.39 and its 200 day moving average price is $38.65. Exodus Movement has a 12-month low of $12.02 and a 12-month high of $117.40. The company has a market capitalization of $826.56 million, a PE ratio of 10.37 and a beta of 0.24.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vident Advisory LLC acquired a new position in shares of Exodus Movement during the 2nd quarter valued at $369,000. Tidal Investments LLC acquired a new position in shares of Exodus Movement during the second quarter worth about $9,444,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Exodus Movement during the second quarter valued at approximately $2,118,000. Geode Capital Management LLC lifted its position in shares of 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 purchasing an additional 63,501 shares in the last quarter. Finally, Floyd Financial Group LLC purchased a new position in shares of Exodus Movement in the second quarter valued at $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.