CoinShares (NASDAQ:CSHR) Given New $7.00 Price Target at Keefe, Bruyette & Woods

CoinShares (NASDAQ:CSHR) had its price target reduced by Keefe, Bruyette & Woods from $9.00 to $7.00 in a research note published on Friday,Benzinga reports. They currently have an outperform rating on the stock.

CSHR has been the subject of a number of other research reports. Wall Street Zen raised CoinShares from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings started coverage on CoinShares in a research report on Friday, June 26th. They issued a “sell (e-)” rating for the company. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, CoinShares has an average rating of “Hold” and a consensus price target of $7.00.

CoinShares Stock Performance

Shares of CSHR stock traded up $0.07 during mid-day trading on Friday, hitting $4.19. 90,479 shares of the stock were exchanged, compared to its average volume of 181,845. CoinShares has a 52-week low of $3.51 and a 52-week high of $10.43. The company has a market capitalization of $552.16 million, a P/E ratio of 23.28 and a beta of -1.46. The stock’s fifty day moving average price is $4.47.

CoinShares Company Profile

CoinShares is a digital asset investment company that provides a range of financial products and services focused on cryptocurrency and blockchain-related markets. The company offers exchange-traded products and other investment vehicles designed to give institutional and retail investors exposure to digital assets without needing to directly hold the underlying cryptocurrencies.

Founded in the digital asset space, CoinShares has built its business around investment management, asset servicing, and research related to the crypto ecosystem.