CoinShares (NASDAQ:CSHR – Get Free Report) announced its quarterly earnings results on Monday. The company reported ($0.10) EPS for the quarter, FiscalAI reports. The firm had revenue of $7.43 million during the quarter.
CoinShares Price Performance
NASDAQ CSHR opened at $5.36 on Monday. The company has a market cap of $706.34 million, a price-to-earnings ratio of 29.78 and a beta of -1.51. The company has a 50-day moving average of $4.96. CoinShares has a 12 month low of $3.51 and a 12 month high of $10.43.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. Weiss Ratings began coverage on CoinShares in a report on Friday, June 26th. They issued a “sell (e-)” rating for the company. Keefe, Bruyette & Woods reduced their price target on CoinShares from $9.00 to $7.00 and set an “outperform” rating on the stock in a report on Friday, July 10th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, CoinShares presently has an average rating of “Hold” and a consensus target price of $7.00.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Corient Private Wealth LP acquired a new stake in shares of CoinShares in the 2nd quarter valued at about $85,000. Lineage Point Capital LP acquired a new position in shares of CoinShares during the second quarter valued at about $222,000. Harraden Circle Investments LLC acquired a new stake in shares of CoinShares in the 2nd quarter worth about $12,067,000. Finally, Alyeska Investment Group L.P. bought a new position in CoinShares in the 2nd quarter valued at about $28,519,000.
CoinShares Company Profile
CoinShares is a digital asset investment firm that provides investment products and services for institutional, professional and other qualified investors. The company focuses on cryptocurrencies and blockchain-related assets, offering access to digital assets through regulated investment vehicles and portfolio solutions.
Its offerings include physically backed cryptocurrency exchange-traded products, index-based products, actively managed strategies and alternative investment solutions.
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