Exodus Movement (NYSEAMERICAN:EXOD) Given New $65.00 Price Target at HC Wainwright

Exodus Movement (NYSEAMERICAN:EXOD) had its target price increased by HC Wainwright from $50.00 to $65.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms have also weighed in on EXOD. Compass Point started coverage on shares of Exodus Movement in a research note on Wednesday, February 12th. They issued a “buy” rating and a $70.00 price objective for the company. BTIG Research assumed coverage on shares of Exodus Movement in a research note on Wednesday, March 12th. They issued a “buy” rating and a $40.00 price objective for the company. Keefe, Bruyette & Woods assumed coverage on shares of Exodus Movement in a report on Friday, May 2nd. They issued an “outperform” rating and a $65.00 target price for the company. Finally, Benchmark boosted their target price on shares of Exodus Movement from $38.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, April 2nd. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Exodus Movement currently has an average rating of “Buy” and a consensus price target of $59.60.

Exodus Movement Price Performance

Shares of EXOD opened at $42.04 on Tuesday. Exodus Movement has a 12-month low of $12.00 and a 12-month high of $117.40. The firm has a fifty day moving average price of $41.34 and a 200-day moving average price of $35.06.

Hedge Funds Weigh In On Exodus Movement

A number of large investors have recently added to or reduced their stakes in the company. Invesco Ltd. acquired a new position in shares of Exodus Movement during the first quarter valued at about $420,000. CWM LLC acquired a new position in shares of Exodus Movement during the first quarter valued at about $158,000. Finally, Cannon Global Investment Management LLC acquired a new position in shares of Exodus Movement during the first quarter valued at about $201,000.

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.