CoinShares (NASDAQ:CSHR) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of CoinShares (NASDAQ:CSHR) from a sell rating to a hold rating in a research note released on Saturday.

Separately, Keefe, Bruyette & Woods initiated coverage on shares of CoinShares in a research report on Wednesday. They set an “outperform” rating and a $9.00 price target for the company. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, CoinShares has an average rating of “Buy” and a consensus target price of $9.00.

CoinShares Price Performance

Shares of CoinShares stock opened at $5.93 on Friday. CoinShares has a twelve month low of $4.72 and a twelve month high of $10.43. The firm has a market cap of $781.46 million, a P/E ratio of 32.95 and a beta of -1.60.

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.