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

Research analysts at Cantor Fitzgerald began coverage on shares of Coincheck Group (NASDAQ:CNCK) in a report issued on Wednesday,Briefing.com Automated Import reports. The firm set an “overweight” rating and a $10.00 price target on the stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 37.55% from the company’s current price.

Coincheck Group Stock Performance

Shares of Coincheck Group stock opened at $7.27 on Wednesday. Coincheck Group has a twelve month low of $6.55 and a twelve month high of $14.42.

Hedge Funds Weigh In On Coincheck Group

Institutional investors have recently made changes to their positions in the stock. Gordian Capital Singapore Pte Ltd bought a new stake in Coincheck Group in the 4th quarter worth about $25,000. Jane Street Group LLC bought a new position in Coincheck Group in the 4th quarter worth approximately $134,000. Geode Capital Management LLC purchased a new stake in Coincheck Group in the 4th quarter worth approximately $137,000. Moore Capital Management LP purchased a new stake in Coincheck Group in the 4th quarter worth approximately $267,000. Finally, Balyasny Asset Management L.P. purchased a new stake in Coincheck Group in the 4th quarter worth approximately $362,000. Institutional investors and hedge funds own 33.22% of the company’s stock.

About Coincheck Group

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.