Coincheck Group (NASDAQ:CNCK - Get Free Report)'s stock had its "neutral" rating reissued by Cantor Fitzgerald in a report released on Friday, Marketbeat.com reports. They presently have a $6.00 price objective on the stock. Cantor Fitzgerald's target price suggests a potential upside of 19.76% from the company's current price.
Several other research firms also recently weighed in on CNCK. Wall Street Zen downgraded shares of Coincheck Group from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. KeyCorp initiated coverage on Coincheck Group in a research note on Wednesday, July 23rd. They issued a "sector weight" rating for the company.
Get Our Latest Research Report on CNCK
Coincheck Group Stock Performance
Shares of CNCK opened at $5.01 on Friday. The company's 50-day moving average price is $5.36 and its 200 day moving average price is $6.26. Coincheck Group has a 12-month low of $4.22 and a 12-month high of $14.42.
Institutional Investors Weigh In On Coincheck Group
Hedge funds have recently added to or reduced their stakes in the business. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Coincheck Group during the fourth quarter worth $25,000. SBI Securities Co. Ltd. increased its holdings in Coincheck Group by 62.6% during the 1st quarter. SBI Securities Co. Ltd. now owns 21,419 shares of the company's stock worth $109,000 after purchasing an additional 8,243 shares during the period. Jane Street Group LLC purchased a new position in shares of Coincheck Group in the 4th quarter valued at about $134,000. Geode Capital Management LLC acquired a new position in shares of Coincheck Group during the fourth quarter worth about $137,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Coincheck Group during the first quarter worth approximately $94,000. 33.22% of the stock is currently owned by institutional investors and hedge funds.
About Coincheck Group
(
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.
Further Reading
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