Brokerages Set Exodus Movement, Inc. (NYSEAMERICAN:EXOD) PT at $56.14

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) has been assigned a consensus recommendation of “Buy” from the nine analysts that are covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $56.1429.

Several equities research analysts recently commented on the company. Northland Securities assumed coverage on Exodus Movement in a report on Thursday, July 17th. They issued an “outperform” rating and a $50.00 price target for the company. Zacks Research raised Exodus Movement from a “hold” rating to a “strong-buy” rating in a report on Friday, August 29th. Northland Capmk raised Exodus Movement to a “strong-buy” rating in a report on Thursday, July 17th. HC Wainwright increased their price target on Exodus Movement from $50.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, May 13th. Finally, BTIG Research reissued a “buy” rating on shares of Exodus Movement in a research note on Monday, May 12th.

Exodus Movement Price Performance

NYSEAMERICAN EXOD opened at $24.03 on Friday. The company has a market cap of $698.55 million, a PE ratio of 8.64 and a beta of 0.21. The stock’s 50 day simple moving average is $29.83 and its 200-day simple moving average is $35.85. Exodus Movement has a 1-year low of $14.22 and a 1-year high of $117.40.

Institutional Investors Weigh In On Exodus Movement

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

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.