Capital Impact Advisors LLC Grows Position in Coinbase Global, Inc. $COIN

Capital Impact Advisors LLC grew its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 154.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 87,492 shares of the cryptocurrency exchange’s stock after acquiring an additional 53,101 shares during the quarter. Coinbase Global accounts for 1.5% of Capital Impact Advisors LLC’s portfolio, making the stock its 29th largest position. Capital Impact Advisors LLC’s holdings in Coinbase Global were worth $19,785,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Palisade Asset Management LLC purchased a new position in Coinbase Global during the third quarter worth $29,000. Brooklands Fund Management Ltd purchased a new position in Coinbase Global during the fourth quarter worth $34,000. Foster Dykema Cabot & Partners LLC purchased a new position in Coinbase Global during the third quarter worth $35,000. Stephens Consulting LLC increased its position in Coinbase Global by 99.0% during the fourth quarter. Stephens Consulting LLC now owns 201 shares of the cryptocurrency exchange’s stock worth $45,000 after buying an additional 100 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID increased its position in Coinbase Global by 728.0% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 207 shares of the cryptocurrency exchange’s stock worth $47,000 after buying an additional 182 shares in the last quarter. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Coinbase Global Price Performance

COIN stock opened at $164.91 on Thursday. The stock has a 50-day moving average price of $184.76 and a two-hundred day moving average price of $201.96. Coinbase Global, Inc. has a 12-month low of $139.36 and a 12-month high of $444.64. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.44. The company has a market cap of $43.45 billion, a PE ratio of 62.00, a price-to-earnings-growth ratio of 5.98 and a beta of 3.32.

Coinbase Global (NASDAQ:COINGet Free Report) last posted its quarterly earnings results on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($1.55). Coinbase Global had a net margin of 12.20% and a return on equity of 4.16%. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the firm posted $0.24 EPS. Coinbase Global’s revenue was down 30.5% on a year-over-year basis. As a group, research analysts predict that Coinbase Global, Inc. will post 1.74 EPS for the current year.

Insider Activity

In other Coinbase Global news, insider Lawrence J. Brock sold 6,616 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider owned 517 shares of the company’s stock, valued at approximately $97,718.17. The trade was a 92.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul Grewal sold 1,960 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $176.88, for a total value of $346,684.80. Following the transaction, the insider owned 84,753 shares in the company, valued at approximately $14,991,110.64. This represents a 2.26% decrease in their position. 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. Insiders have sold 30,647 shares of company stock valued at $5,740,941 in the last 90 days. 16.66% of the stock is owned by corporate insiders.

Trending Headlines about Coinbase Global

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

  • Positive Sentiment: Analysts at multiple firms reaffirmed bullish ratings on Coinbase, with price targets ranging from $220 to $280, signaling confidence in upside from current levels.
  • Positive Sentiment: Jefferies said Coinbase’s expansion into tokenized equities and AI could broaden its addressable market and strengthen its “everything exchange” strategy.
  • Positive Sentiment: Coinbase launched AI-powered investing tools, including an AI investment adviser, alongside new trading features such as tokenized stocks, pre-IPO exposure, and portfolio transfers, which may improve user engagement and revenue diversification.
  • Positive Sentiment: Coinbase’s move into tokenized U.S. equities, dividend-bearing onchain assets, and expanded stock/ETF trading could help it compete more directly with traditional brokerages and fintech platforms.
  • Neutral Sentiment: Coinbase-linked political spending and pro-crypto election results, such as the Alabama Senate runoff win backed by a crypto PAC, suggest improving regulatory and political momentum for the industry. Article Title

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on COIN. Sanford C. Bernstein lowered their price objective on Coinbase Global from $440.00 to $330.00 and set an “outperform” rating for the company in a research report on Monday, March 30th. Citizens Jmp lowered their price objective on Coinbase Global from $400.00 to $355.00 and set a “market outperform” rating for the company in a research report on Friday, April 10th. Rothschild & Co Redburn lifted their price objective on Coinbase Global from $254.00 to $263.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. President Capital lifted their price objective on Coinbase Global from $236.00 to $264.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Finally, The Goldman Sachs Group lifted their price objective on Coinbase Global from $226.00 to $228.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Eighteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $250.65.

View Our Latest Stock Report on Coinbase Global

About Coinbase Global

(Free Report)

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.

See Also

Want to see what other hedge funds are holding COIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coinbase Global, Inc. (NASDAQ:COINFree Report).

Institutional Ownership by Quarter for Coinbase Global (NASDAQ:COIN)

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