CoinShares (NASDAQ:CSHR) Given New $9.00 Price Target at Keefe, Bruyette & Woods

CoinShares (NASDAQ:CSHR) had its price objective hoisted by investment analysts at Keefe, Bruyette & Woods from $7.00 to $9.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 87.50% from the stock’s current price.

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

CoinShares Stock Performance

CSHR traded down $0.37 during midday trading on Tuesday, hitting $4.80. The stock had a trading volume of 178,286 shares, compared to its average volume of 354,075. CoinShares has a 1 year low of $3.51 and a 1 year high of $10.43. The company’s fifty day moving average is $4.98. The stock has a market capitalization of $632.54 million, a P/E ratio of 26.67 and a beta of -1.51.

CoinShares (NASDAQ:CSHR) last posted its quarterly earnings results 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

Institutional investors have recently modified their holdings of the company. Alyeska Investment Group L.P. purchased a new position in CoinShares during the 2nd quarter valued at about $28,519,000. Harraden Circle Investments LLC purchased a new stake in CoinShares in the 2nd quarter worth approximately $12,067,000. Corient Private Wealth LP bought a new stake in shares of CoinShares in the 2nd quarter worth approximately $85,000. Finally, Lineage Point Capital LP bought a new stake in shares of CoinShares in the 2nd quarter worth approximately $222,000.

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.