Coinbase Global, Inc. $COIN Stock Holdings Increased by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft boosted its position in Coinbase Global, Inc. (NASDAQ:COIN) by 61.0% in the 1st quarter, Holdings Channel reports. The institutional investor owned 14,856 shares of the cryptocurrency exchange’s stock after buying an additional 5,631 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Coinbase Global were worth $2,429,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of COIN. MV Capital Management Inc. acquired a new stake in shares of Coinbase Global during the 4th quarter valued at approximately $27,000. Palisade Asset Management LLC bought a new position in Coinbase Global during the third quarter worth $29,000. Osbon Capital Management LLC acquired a new position in Coinbase Global in the fourth quarter worth $30,000. Archer Investment Corp boosted its holdings in Coinbase Global by 546.4% in the first quarter. Archer Investment Corp now owns 181 shares of the cryptocurrency exchange’s stock worth $32,000 after purchasing an additional 153 shares during the period. Finally, Brooklands Fund Management Ltd bought a new stake in Coinbase Global during the fourth quarter valued at $34,000. Institutional investors and hedge funds own 68.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on COIN shares. Sanford C. Bernstein dropped their target price on shares of Coinbase Global from $440.00 to $330.00 and set an “outperform” rating on the stock in a report on Monday, March 30th. Needham & Company LLC reaffirmed a “buy” rating and issued a $220.00 price target on shares of Coinbase Global in a report on Wednesday, June 17th. Rothschild & Co Redburn boosted their price objective on shares of Coinbase Global from $254.00 to $263.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. JPMorgan Chase & Co. increased their price objective on shares of Coinbase Global from $252.00 to $290.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Finally, Bank of America cut their target price on shares of Coinbase Global from $288.00 to $234.00 in a report on Thursday, April 2nd. Eighteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $245.39.

Coinbase Global Stock Performance

COIN stock opened at $160.43 on Tuesday. Coinbase Global, Inc. has a 1 year low of $139.18 and a 1 year high of $436.38. The stock has a market capitalization of $42.27 billion, a price-to-earnings ratio of 60.31, a PEG ratio of 10.14 and a beta of 3.35. 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’s fifty day moving average is $169.28 and its two-hundred day moving average is $186.24.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings results 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 return on equity of 4.16% and a net margin of 12.20%.The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the company posted $0.24 EPS. The firm’s revenue was down 30.5% on a year-over-year basis. On average, research analysts predict that Coinbase Global, Inc. will post 1.41 EPS for the current year.

Insider Activity

In other news, insider Paul Grewal sold 1,960 shares of Coinbase Global stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $176.88, for a total transaction of $346,684.80. Following the sale, the insider owned 84,753 shares of the company’s stock, valued at approximately $14,991,110.64. The trade was a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lawrence J. Brock sold 6,616 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $189.01, for a total value of $1,250,490.16. Following the completion of the transaction, the insider directly owned 517 shares of the company’s stock, valued at $97,718.17. This trade represents a 92.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 30,627 shares of company stock valued at $5,327,841. Company insiders own 16.66% of the company’s stock.

Coinbase Global News Summary

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

• Positive Sentiment: Coinbase vice chair Ryan VanGrack said Senate negotiators added stronger consumer protections to the CLARITY Act, which could improve the odds of crypto market-structure legislation passing and create a more favorable regulatory backdrop for Coinbase. Article: Democrats added certain consumer protection rules to CLARITY: Coinbase exec
• Positive Sentiment: Multiple headlines featured Coinbase CEO Brian Armstrong defending Bitcoin’s long-term durability and dismissing concerns about miners shifting energy use to AI, which can reinforce Coinbase’s image as a leading crypto industry voice. Article: Coinbase CEO Brian Armstrong: Hash Power Doesn’t Determine Bitcoin’s Price
• Neutral Sentiment: Armstrong also said Bitcoin is likely to remain a long-term gauge of inflation fears and commented that stablecoins, not Bitcoin, have best fulfilled Satoshi’s payments vision; this keeps Coinbase in the center of the crypto narrative but is not a direct business catalyst. Article: Coinbase CEO Brian Armstrong Says Bitcoin Will ‘Mostly’ Be a Measure of Inflation Fears in the Long Term
• Neutral Sentiment: Coinbase shares also got a routine lift from broad market movement, with recent coverage noting the stock outperformed a down market session. Article: Coinbase Global, Inc. (COIN) Ascends While Market Falls: Some Facts to Note
• Negative Sentiment: Prediction markets suggested Coinbase’s second-quarter trading volume may come in below analyst expectations, renewing concern that weaker crypto activity could pressure transaction revenue. Article: Coinbase trading results may fall short of expectations, according to prediction markets
• Negative Sentiment: Another piece argued Coinbase’s Base strategy showed the company may be building for an older crypto cycle, hinting at product and strategic execution risks. Article: Coinbase’s big Base mistake offers an important lesson for the crypto industry

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.