Keefe, Bruyette & Woods Initiates Coverage on Exodus Movement (NYSEAMERICAN:EXOD)

Investment analysts at Keefe, Bruyette & Woods started coverage on shares of Exodus Movement (NYSEAMERICAN:EXOD) in a research report issued to clients and investors on Friday, MarketBeat reports. The firm set an “outperform” rating and a $65.00 price target on the stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 45.12% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Benchmark lifted their target price on shares of Exodus Movement from $38.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, April 2nd. HC Wainwright reissued a “buy” rating and set a $50.00 target price on shares of Exodus Movement in a report on Wednesday, February 5th. BTIG Research assumed coverage on Exodus Movement in a research report on Wednesday, March 12th. They set a “buy” rating and a $40.00 target price on the stock. Finally, Compass Point initiated coverage on Exodus Movement in a research report on Wednesday, February 12th. They issued a “buy” rating and a $70.00 price target for the company. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $56.60.

Exodus Movement Price Performance

Exodus Movement stock opened at $44.79 on Friday. The firm has a 50 day moving average price of $41.25 and a 200-day moving average price of $34.53. Exodus Movement has a twelve month low of $12.00 and a twelve month high of $117.40.

Institutional Trading of Exodus Movement

An institutional investor recently bought a new position in Exodus Movement stock. CWM LLC purchased a new position in Exodus Movement, Inc. (NYSEAMERICAN:EXOD) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,445 shares of the company’s stock, valued at approximately $158,000. CWM LLC owned about 0.05% of Exodus Movement as of its most recent SEC filing.

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.