Cantor Fitzgerald started coverage on shares of Coincheck Group (NASDAQ:CNCK - Get Free Report) in a research report issued on Wednesday, MarketBeat reports. The firm set an "overweight" rating and a $10.00 price target on the stock. Cantor Fitzgerald's price objective points to a potential upside of 58.23% from the stock's current price.
Coincheck Group Stock Performance
Shares of NASDAQ CNCK traded down $0.50 during midday trading on Wednesday, hitting $6.32. The stock had a trading volume of 55,132 shares, compared to its average volume of 49,638. Coincheck Group has a 1 year low of $6.32 and a 1 year high of $14.42.
Hedge Funds Weigh In On Coincheck Group
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Ghisallo Capital Management LLC purchased a new position in shares of Coincheck Group in the fourth quarter valued at approximately $10,439,000. Linden Advisors LP purchased a new position in shares of Coincheck Group in the fourth quarter valued at approximately $1,397,000. Shay Capital LLC purchased a new position in Coincheck Group during the fourth quarter worth approximately $1,005,000. Wellington Management Group LLP purchased a new position in Coincheck Group during the fourth quarter worth approximately $911,000. Finally, JPMorgan Chase & Co. purchased a new position in Coincheck Group during the fourth quarter worth approximately $533,000. Hedge funds and other institutional investors own 33.22% of the company's stock.
Coincheck Group Company Profile
(
Get Free Report)
Coincheck Group NV. is a Dutch public limited liability company and a holding company of Coincheck, Inc which operates one of the largest multi-cryptocurrency marketplaces and crypto asset exchanges in Japan and is regulated by the Financial Services Agency of Japan. The company was founded on February 18, 2022 and is headquartered in Amsterdam, Netherland.
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