Harraden Circle Investments LLC bought a new position in shares of CoinShares (NASDAQ:CSHR – Free Report) during the second quarter, Holdings Channel reports. The fund bought 3,200,804 shares of the company’s stock, valued at approximately $12,067,000.
Separately, Lineage Point Capital LP bought a new position in CoinShares in the 2nd quarter valued at $222,000.
Wall Street Analysts Forecast Growth
CSHR has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of CoinShares from a “sell” rating to a “hold” rating in a research 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 on the stock. Finally, Keefe, Bruyette & Woods dropped their price objective on CoinShares from $9.00 to $7.00 and set an “outperform” rating for the company in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $7.00.
CoinShares Stock Down 1.5%
Shares of NASDAQ CSHR opened at $5.80 on Friday. CoinShares has a 12 month low of $3.51 and a 12 month high of $10.43. The stock has a market capitalization of $764.32 million, a price-to-earnings ratio of 32.22 and a beta of -1.51. The stock’s 50-day simple moving average is $4.79.
CoinShares 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.
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