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

Cantor Fitzgerald started coverage on shares of Coincheck Group (NASDAQ:CNCK) in a report published on Wednesday morning, Marketbeat Ratings reports. The brokerage issued an overweight rating and a $10.00 target price on the stock.

Coincheck Group Price Performance

Shares of Coincheck Group stock opened at $7.03 on Wednesday. Coincheck Group has a 12-month low of $6.55 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 bought and sold shares of CNCK. JPMorgan Chase & Co. purchased a new stake in Coincheck Group in the fourth quarter valued at approximately $533,000. Wellington Management Group LLP purchased a new stake in Coincheck Group in the fourth quarter valued at approximately $911,000. Geode Capital Management LLC purchased a new stake in Coincheck Group in the fourth quarter valued at approximately $137,000. Ghisallo Capital Management LLC purchased a new position in shares of Coincheck Group during the fourth quarter worth approximately $10,439,000. Finally, Jane Street Group LLC purchased a new position in shares of Coincheck Group during the fourth quarter worth approximately $134,000. 33.22% of the stock is owned by hedge funds and other institutional investors.

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.