Exodus Movement (NYSEAMERICAN:EXOD) Stock Rating Lowered by Zacks Research

Exodus Movement (NYSEAMERICAN:EXOD) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

EXOD has been the topic of several other research reports. Northland Securities assumed coverage on Exodus Movement in a research note on Thursday, July 17th. They issued an “outperform” rating and a $50.00 price target on the stock. Cantor Fitzgerald assumed coverage on Exodus Movement in a research note on Friday, August 15th. They issued an “overweight” rating and a $45.00 price target on the stock. Finally, Northland Capmk raised Exodus Movement to a “strong-buy” rating in a research note on Thursday, July 17th. One equities research 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, the stock currently has a consensus rating of “Buy” and a consensus price target of $56.14.

Exodus Movement Price Performance

EXOD opened at $27.78 on Monday. The business’s 50-day moving average price is $28.39 and its two-hundred day moving average price is $34.10. Exodus Movement has a 1 year low of $14.77 and a 1 year high of $117.40. The company has a market capitalization of $807.56 million, a price-to-earnings ratio of 9.99 and a beta of 0.19.

Institutional Trading of Exodus Movement

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC acquired a new stake in shares of Exodus Movement in the first quarter valued at about $158,000. Cannon Global Investment Management LLC acquired a new stake in shares of Exodus Movement in the first quarter valued at about $201,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Exodus Movement in the first quarter valued at about $262,000. Invesco Ltd. acquired a new stake in shares of Exodus Movement in the first quarter valued at about $420,000. Finally, Vident Advisory LLC acquired a new stake in shares of Exodus Movement in the second quarter valued at about $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.