CoinShares (NASDAQ:CSHR) Price Target Raised to $9.00

CoinShares (NASDAQ:CSHR) had its target price upped by research analysts at Keefe, Bruyette & Woods from $7.00 to $9.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 87.50% from the company’s current price.

Separately, Weiss Ratings assumed coverage on CoinShares in a research report on Friday, June 26th. They issued a “sell (e-)” rating for the company. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $9.00.

CoinShares Price Performance

Shares of CSHR traded down $0.37 during trading hours on Tuesday, reaching $4.80. 178,286 shares of the company traded hands, compared to its average volume of 354,075. CoinShares has a 12 month low of $3.51 and a 12 month high of $10.43. The firm has a fifty day moving average price of $4.98. The stock has a market cap of $632.54 million, a P/E ratio of 26.67 and a beta of -1.51.

CoinShares (NASDAQ:CSHR) last issued its quarterly earnings data on Monday, September 14th. The company reported ($0.10) EPS for the quarter. The business had revenue of $7.43 million for the quarter.

Institutional Trading of CoinShares

A number of institutional investors have recently made changes to their positions in CSHR. Corient Private Wealth LP bought a new position in CoinShares during the second quarter valued at approximately $85,000. Harraden Circle Investments LLC purchased a new stake in CoinShares in the second quarter worth approximately $12,067,000. Lineage Point Capital LP bought a new stake in CoinShares in the 2nd quarter worth approximately $222,000. Finally, Alyeska Investment Group L.P. purchased a new stake in CoinShares during the 2nd quarter valued at $28,519,000.

CoinShares Company Profile

CoinShares is a digital asset investment firm that provides investment products and services for institutional, professional and other qualified investors. The company focuses on cryptocurrencies and blockchain-related assets, offering access to digital assets through regulated investment vehicles and portfolio solutions.

Its offerings include physically backed cryptocurrency exchange-traded products, index-based products, actively managed strategies and alternative investment solutions.