Cantor Fitzgerald Begins Coverage on Coincheck Group (NASDAQ:CNCK)

Stock analysts at Cantor Fitzgerald initiated coverage on shares of Coincheck Group (NASDAQ:CNCK) in a note issued to investors on Wednesday, MarketBeat reports. The brokerage set an “overweight” rating and a $10.00 price target on the stock. Cantor Fitzgerald’s price objective points to a potential upside of 46.63% from the company’s current price.

Coincheck Group Price Performance

CNCK stock opened at $6.82 on Wednesday. Coincheck Group has a 52 week low of $6.55 and a 52 week high of $14.42.

Hedge Funds Weigh In On Coincheck Group

Institutional investors have recently modified their holdings of the company. Gordian Capital Singapore Pte Ltd purchased a new position in shares of Coincheck Group in the fourth quarter valued at $25,000. Jane Street Group LLC acquired a new stake in shares of Coincheck Group in the 4th quarter worth about $134,000. Geode Capital Management LLC acquired a new stake in shares of Coincheck Group in the 4th quarter worth about $137,000. Moore Capital Management LP acquired a new stake in shares of Coincheck Group in the 4th quarter worth about $267,000. Finally, Balyasny Asset Management L.P. bought a new stake in shares of Coincheck Group during the 4th quarter worth about $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.