Coincheck Group (NASDAQ:CNCK) Coverage Initiated by Analysts at Cantor Fitzgerald

Analysts at Cantor Fitzgerald started coverage on shares of Coincheck Group (NASDAQ:CNCK) in a note issued to investors on Wednesday,Briefing.com Automated Import reports. The brokerage set an “overweight” rating and a $10.00 price target on the stock. Cantor Fitzgerald’s price target indicates a potential upside of 37.55% from the company’s previous close.

Coincheck Group Price Performance

NASDAQ CNCK opened at $7.27 on Wednesday. Coincheck Group has a 1-year low of $6.55 and a 1-year high of $14.42.

Institutional Investors Weigh In On Coincheck Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ghisallo Capital Management LLC acquired a new position in shares of Coincheck Group in the fourth quarter valued at approximately $10,439,000. Linden Advisors LP bought a new position in shares of Coincheck Group in the 4th quarter valued at about $1,397,000. Shay Capital LLC bought a new position in Coincheck Group during the fourth quarter worth about $1,005,000. Wellington Management Group LLP bought a new position in Coincheck Group during the fourth quarter worth about $911,000. Finally, JPMorgan Chase & Co. bought a new position in Coincheck Group during the fourth quarter worth about $533,000. Institutional investors own 33.22% of the company’s stock.

Coincheck Group Company Profile

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.