Ascentis Independent Advisors Boosts Stock Holdings in Coinbase Global, Inc. $COIN

Ascentis Independent Advisors boosted its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 120.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 6,630 shares of the cryptocurrency exchange’s stock after buying an additional 3,624 shares during the period. Ascentis Independent Advisors’ holdings in Coinbase Global were worth $1,158,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MV Capital Management Inc. bought a new position in shares of Coinbase Global during the fourth quarter valued at $27,000. Palisade Asset Management LLC purchased a new stake in shares of Coinbase Global during the 3rd quarter valued at about $29,000. Osbon Capital Management LLC purchased a new stake in shares of Coinbase Global during the 4th quarter valued at about $30,000. Brooklands Fund Management Ltd bought a new stake in shares of Coinbase Global in the fourth quarter worth approximately $34,000. Finally, Stephens Consulting LLC grew its stake in shares of Coinbase Global by 99.0% in the fourth quarter. Stephens Consulting LLC now owns 201 shares of the cryptocurrency exchange’s stock worth $45,000 after acquiring an additional 100 shares during the period. 68.84% of the stock is owned by institutional investors.

Insider Transactions at Coinbase Global

In other news, CFO Alesia J. Haas sold 10,020 shares of the business’s stock in a transaction on Thursday, April 16th. 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 owned 377,201 shares of the company’s stock, valued at approximately $75,440,200. The trade was a 2.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lawrence J. Brock sold 6,616 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $189.01, for a total transaction of $1,250,490.16. Following the transaction, the insider owned 517 shares of the company’s stock, valued at approximately $97,718.17. This represents a 92.75% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 40,647 shares of company stock valued at $7,331,841. 16.66% of the stock is owned by corporate insiders.

Coinbase Global Stock Performance

NASDAQ:COIN opened at $163.51 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.14 and a current ratio of 2.14. The stock has a 50-day simple moving average of $175.80 and a two-hundred day simple moving average of $191.28. The firm has a market capitalization of $43.08 billion, a PE ratio of 61.47, a P/E/G ratio of 5.96 and a beta of 3.35. Coinbase Global, Inc. has a 52-week low of $139.18 and a 52-week high of $444.64.

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

Key Stories Impacting Coinbase Global

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

• Positive Sentiment: Coinbase gained U.K. approval to offer investment services, including stock trading and derivatives, opening a new growth avenue beyond crypto and reinforcing its “everything exchange” strategy. Coinbase Gets U.K. Approval To Offer Stock Trading
• Positive Sentiment: Coverage highlighted Coinbase’s push into traditional financial products, which could increase engagement and diversify revenue over time. Coinbase gets UK license to expand into derivatives, equities
• Positive Sentiment: Analyst and commentary pieces continue to frame Coinbase as an important institutional crypto platform, supporting the bullish long-term narrative. Coinbase Global: The Institutional Gateway To Crypto
• Neutral Sentiment: Coinbase also announced it will participate in Citi’s Global TMT Conference, which is more of an investor-relations event than a direct business catalyst. Coinbase to Participate in Citi’s 2025 Global TMT Conference
• Neutral Sentiment: A separate article noted ongoing interest in prediction markets and tokenized assets, but the impact on Coinbase is indirect and not clearly immediate. Polymarket’s World Cup Bets Hit $3.9 Billion. Now Trump and Zuckerberg Want A Piece.
• Negative Sentiment: A director sold 10,000 shares in a pre-arranged transaction, which can pressure sentiment even though it does not necessarily signal a change in fundamentals. Frederick Wilson Sells 10,000 Shares of Coinbase Global (NASDAQ:COIN) Stock
• Negative Sentiment: Some market commentary compared Coinbase unfavorably with Visa, pointing to Coinbase’s weaker recent revenue trends and softer crypto volumes. Visa vs Coinbase: Two Different Economic Playbooks But One Winner

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Monness Crespi & Hardt reaffirmed a “sell” rating on shares of Coinbase Global in a research report on Friday, June 5th. BTIG Research reissued a “buy” rating and set a $280.00 price target on shares of Coinbase Global in a report on Wednesday, June 17th. Citizens Jmp dropped their price target on Coinbase Global from $400.00 to $355.00 and set a “market outperform” rating on the stock in a research note on Friday, April 10th. HC Wainwright cut their price objective on Coinbase Global from $350.00 to $310.00 and set a “buy” rating for the company in a report on Friday, May 8th. Finally, Robert W. Baird reduced their price objective on Coinbase Global from $160.00 to $142.00 and set a “neutral” rating for the company in a research report on Friday, June 5th. Eighteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $250.65.

Coinbase Global Company Profile

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.