Coincheck Group (NASDAQ:CNCK) Earns Overweight Rating from Analysts at Cantor Fitzgerald

Cantor Fitzgerald initiated coverage on shares of Coincheck Group (NASDAQ:CNCK) in a research note released on Wednesday, Marketbeat.com reports. The firm issued an overweight rating and a $10.00 price objective on the stock.

Coincheck Group Trading Down 7.3 %

Shares of NASDAQ CNCK opened at $6.32 on Wednesday. Coincheck Group has a 12-month low of $6.32 and a 12-month high of $14.42.

Institutional Investors Weigh In On Coincheck Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Coincheck Group during the fourth quarter worth approximately $25,000. Shay Capital LLC bought a new position in shares of Coincheck Group in the 4th quarter worth $1,005,000. Moore Capital Management LP acquired a new stake in shares of Coincheck Group during the fourth quarter worth $267,000. Linden Advisors LP acquired a new position in Coincheck Group in the fourth quarter valued at about $1,397,000. Finally, Balyasny Asset Management L.P. acquired a new position in Coincheck Group in the fourth quarter valued at about $362,000. 33.22% of the stock is owned by institutional investors.

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.