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 report issued on Monday,Zacks.com reports.

A number of other research firms have also issued reports on EXOD. Northland Securities assumed coverage on shares of Exodus Movement in a research note on Thursday, July 17th. They set an “outperform” rating and a $50.00 price objective on the stock. Cantor Fitzgerald assumed coverage on shares of Exodus Movement in a research note on Friday, August 15th. They set an “overweight” rating and a $45.00 price objective on the stock. Finally, Northland Capmk upgraded shares of 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 assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Exodus Movement currently has an average rating of “Buy” and an average price target of $56.14.

Exodus Movement Stock Down 4.0%

Shares of EXOD stock opened at $27.78 on Monday. The stock has a market cap of $807.56 million, a price-to-earnings ratio of 9.99 and a beta of 0.19. Exodus Movement has a fifty-two week low of $14.77 and a fifty-two week high of $117.40. The firm’s 50 day moving average price is $28.39 and its two-hundred day moving average price is $34.10.

Institutional Trading of Exodus Movement

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. CWM LLC bought a new stake in shares of Exodus Movement in the first quarter worth $158,000. Cannon Global Investment Management LLC bought a new stake in shares of Exodus Movement in the first quarter worth $201,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Exodus Movement in the first quarter worth $262,000. Invesco Ltd. bought a new stake in shares of Exodus Movement in the first quarter worth $420,000. Finally, Vident Advisory LLC bought a new stake in shares of Exodus Movement in the second quarter worth $369,000.

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.