Foundations Investment Advisors LLC Has $5.83 Million Position in Coinbase Global, Inc. $COIN

Foundations Investment Advisors LLC raised its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 15.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,767 shares of the cryptocurrency exchange’s stock after buying an additional 3,449 shares during the period. Foundations Investment Advisors LLC’s holdings in Coinbase Global were worth $5,827,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. REAP Financial Group LLC acquired a new stake in Coinbase Global in the 3rd quarter valued at $25,000. Palisade Asset Management LLC acquired a new stake in Coinbase Global in the 3rd quarter valued at $29,000. Foster Dykema Cabot & Partners LLC acquired a new stake in Coinbase Global in the 3rd quarter valued at $35,000. Cloud Capital Management LLC acquired a new stake in Coinbase Global in the 3rd quarter valued at $36,000. Finally, JPL Wealth Management LLC acquired a new stake in Coinbase Global in the 3rd quarter valued at $49,000. 68.84% of the stock is currently owned by institutional investors and hedge funds.

Coinbase Global Price Performance

NASDAQ:COIN opened at $182.25 on Friday. Coinbase Global, Inc. has a one year low of $139.36 and a one year high of $444.64. The company has a market cap of $48.02 billion, a P/E ratio of 68.52, a P/E/G ratio of 6.13 and a beta of 3.38. The firm’s fifty day moving average price is $188.86 and its two-hundred day moving average price is $212.34. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.14 and a quick ratio of 2.34.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings data on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) EPS for the quarter, missing the consensus estimate of $0.06 by ($1.55). Coinbase Global had a net margin of 12.20% and a return on equity of 4.16%. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the firm earned $0.24 earnings per share. Coinbase Global’s revenue for the quarter was down 30.5% on a year-over-year basis. Equities analysts expect that Coinbase Global, Inc. will post 1.74 earnings per share for the current year.

Trending Headlines about Coinbase Global

Here are the key news stories impacting Coinbase Global this week:

• Positive Sentiment: Coinbase expanded its institutional fiat infrastructure through a partnership with Standard Chartered, adding multi-currency funding and settlement rails for AUD, SGD, CAD, CHF, EUR and GBP. This could make it easier for global institutions to move money onto and off the platform, supporting trading volumes and Coinbase’s international growth. Coinbase, Standard Chartered Partner to Add 6 Currency Access
• Positive Sentiment: Coinbase’s Base network launched an AI-focused wallet integration tool that lets assistants like ChatGPT and Claude interact with crypto wallets and execute on-chain actions. Investors may view this as a new growth avenue tied to AI-enabled crypto usage. Base launches new tool to connect crypto wallets to AI agents
• Positive Sentiment: CEO Brian Armstrong said Coinbase’s new Direct Deposit feature is live, allowing users to route part of their paycheck directly into crypto purchases. That could improve customer engagement and make recurring buying easier. Brian Armstrong Says You Can Now Route Your Paycheck Directly To Coinbase For Automatic Crypto Investments
• Positive Sentiment: Goldman Sachs raised its price target on Coinbase and kept a buy rating, reinforcing the view that analysts still see meaningful upside from current levels. Goldman Sachs adjusts price target on Coinbase Global
• Neutral Sentiment: Some market commentary says Coinbase may still be range-bound and dependent on a stronger crypto market, so product news alone may not be enough to sustain momentum. Stock Of The Day: Is This The New Range For Coinbase
• Neutral Sentiment: Recent crypto headlines also point to weaker Bitcoin demand and negative Coinbase Premium readings, which could weigh on near-term trading activity. Sell in May and Walk Away” Plays Out as Bitcoin Flashes Bearish Signals
• Negative Sentiment: Insider Lawrence J. Brock sold shares under a pre-arranged trading plan, which may still be read cautiously by investors even though it does not necessarily signal a change in fundamentals. Coinbase insider trade filing

Insider Buying and Selling at Coinbase Global

In other Coinbase Global news, CFO Alesia J. Haas sold 10,020 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $200.00, for a total value of $2,004,000.00. Following the transaction, the chief financial officer directly owned 397,171 shares in the company, valued at $79,434,200. The trade was a 2.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lawrence J. Brock sold 6,616 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $189.01, for a total transaction of $1,250,490.16. Following the completion of the transaction, the insider owned 517 shares in the company, valued at approximately $97,718.17. This represents a 92.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 36,606 shares of company stock worth $7,264,410. Corporate insiders own 16.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on COIN shares. The Goldman Sachs Group lifted their price target on shares of Coinbase Global from $226.00 to $228.00 and gave the company a “buy” rating in a research note on Thursday. Needham & Company LLC lowered their price target on shares of Coinbase Global from $230.00 to $220.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. President Capital upped their price target on shares of Coinbase Global from $236.00 to $264.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. JPMorgan Chase & Co. upped their price target on shares of Coinbase Global from $252.00 to $290.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Finally, Mizuho upped their price target on shares of Coinbase Global from $170.00 to $200.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 12th. Nineteen research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Coinbase Global currently has a consensus rating of “Hold” and a consensus target price of $252.10.

About Coinbase Global

Coinbase Global, Inc is a U.S.-based company that operates one of the largest cryptocurrency exchange platforms. Founded in 2012 by Brian Armstrong and Fred Ehrsam and headquartered in San Francisco, Coinbase provides technology and infrastructure to buy, sell, store and use a broad range of digital assets. The company became a public company through a direct listing on the NASDAQ in April 2021 and offers services tailored to both retail and institutional customers.

Coinbase’s product portfolio includes its consumer trading platform, a self-custody mobile wallet, and institutional services such as custody, prime brokerage and execution tools.