Exodus Movement (NYSEAMERICAN:EXOD) Cut to “Hold” at Zacks Research

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

EXOD has been the subject of several other reports. Cantor Fitzgerald started coverage on shares of Exodus Movement in a research note on Friday, August 15th. They issued an “overweight” rating and a $45.00 target price for the company. Northland Securities started coverage on shares of Exodus Movement in a research note on Thursday, July 17th. They issued an “outperform” rating and a $50.00 target price for the company. Finally, Northland Capmk upgraded shares of Exodus Movement to a “strong-buy” rating in a research note on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $56.14.

Exodus Movement Stock Performance

Shares of NYSEAMERICAN:EXOD opened at $28.31 on Monday. Exodus Movement has a 52-week low of $14.77 and a 52-week high of $117.40. The company has a market capitalization of $822.97 million, a P/E ratio of 10.18 and a beta of 0.18. The company has a 50-day simple moving average of $28.27 and a 200 day simple moving average of $34.06.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Vident Advisory LLC bought a new position in Exodus Movement in the 2nd quarter valued at about $369,000. Tidal Investments LLC bought a new position in Exodus Movement in the 2nd quarter valued at about $9,444,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Exodus Movement in the 2nd quarter valued at about $2,118,000. Geode Capital Management LLC increased its holdings 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 during the period. Finally, Floyd Financial Group LLC bought a new position in shares of 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.