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

CoinShares (NASDAQ:CSHR) had its price objective lowered by equities researchers at Keefe, Bruyette & Woods from $9.00 to $7.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 69.90% from the company’s current price.

A number of other equities analysts have also recently commented on the company. Weiss Ratings started coverage on CoinShares in a report on Friday, June 26th. They set a “sell (e-)” rating for the company. Wall Street Zen upgraded CoinShares from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $7.00.

CoinShares Stock Performance

Shares of CSHR opened at $4.12 on Friday. The company’s 50 day moving average price is $4.48. CoinShares has a one year low of $3.51 and a one year high of $10.43. The firm has a market capitalization of $542.93 million, a P/E ratio of 22.89 and a beta of -1.46.

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.