Coinbase Global, Inc. $COIN Position Lifted by Waverly Advisors LLC

Waverly Advisors LLC increased its position in Coinbase Global, Inc. (NASDAQ:COIN) by 1,311.3% in the second quarter, Holdings Channel reports. The firm owned 36,666 shares of the cryptocurrency exchange’s stock after purchasing an additional 34,068 shares during the quarter. Waverly Advisors LLC’s holdings in Coinbase Global were worth $5,360,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COIN. Archer Investment Corp acquired a new position in shares of Coinbase Global in the 2nd quarter worth approximately $26,000. 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 bought a new position in Coinbase Global during the fourth quarter worth $30,000. Finally, Glen Eagle Advisors LLC lifted its stake in Coinbase Global by 101.1% during the first quarter. Glen Eagle Advisors LLC now owns 175 shares of the cryptocurrency exchange’s stock worth $31,000 after purchasing an additional 88 shares during the last quarter. 68.84% of the stock is owned by institutional investors.

Coinbase Global Price Performance

Shares of COIN opened at $172.28 on Friday. Coinbase Global, Inc. has a one year low of $139.11 and a one year high of $402.16. The stock’s fifty day moving average is $165.24 and its 200-day moving average is $175.91. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.42 and a current ratio of 2.42. The firm has a market capitalization of $45.45 billion, a price-to-earnings ratio of -44.86 and a beta of 3.39.

Coinbase Global (NASDAQ:COIN) last announced its earnings results on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.92). The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.29 billion. Coinbase Global had a negative net margin of 15.72% and a positive return on equity of 3.12%. The business’s quarterly revenue was down 18.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.14 EPS. Equities analysts anticipate that Coinbase Global, Inc. will post -0.39 EPS for the current year.

More Coinbase Global News

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

• Positive Sentiment: Coinbase partnered with payments infrastructure provider Moov to bring stablecoin acceptance, settlement and real-time funding to more than 1,000 U.S. community banks and credit unions. The initiative could expand Coinbase’s institutional reach and create additional transaction and custody revenue opportunities. Coinbase partners with Moov to boost community bank stablecoin capabilities before Clarity vote
• Positive Sentiment: CEO Brian Armstrong said stablecoin payment flows could become a major growth driver, projecting significant expansion in the stablecoin market by 2030. He also argued that Bitcoin’s current cycle may have bottomed and reiterated that a $400,000 Bitcoin price by 2030 is a reasonable long-term target. These comments support the company’s growth narrative, although they are forecasts rather than new financial results. Coinbase CEO Confident Stablecoin Payments Will Fuel Growth
• Positive Sentiment: Management continues to broaden Coinbase beyond spot crypto trading through its “Everything Exchange” strategy, tokenized assets, prediction-market infrastructure for Kalshi and expanded USDC yield products in Brazil. Greater product diversification could reduce reliance on transaction revenue over time.
• Neutral Sentiment: Morgan Stanley initiated coverage with an Equal Weight rating and a $250 price target, reflecting substantial potential upside from recent levels but caution that Coinbase remains closely tied to the volatile crypto cycle. Morgan Stanley rates Coinbase as Hold equivalent, with price target set at $250
• Neutral Sentiment: Armstrong said U.S. crypto regulation could advance through SEC and CFTC rulemaking even if the Senate’s September 15 vote on the CLARITY Act fails. The prospect of eventual clarity is favorable, but the vote remains a near-term uncertainty for investors.
• Negative Sentiment: Director Marc Andreessen sold 13,676 shares worth approximately $2.5 million under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by 1.19% and may weigh modestly on sentiment, despite being scheduled in advance. SEC insider transaction filing
• Negative Sentiment: Bitcoin’s recent decline and broader crypto-market weakness are immediate headwinds for Coinbase’s trading activity, revenue and earnings outlook. The company’s latest reported quarter also showed an earnings and revenue miss, underscoring ongoing operating sensitivity to market conditions.

Insiders Place Their Bets

In other news, Director Marc L. Andreessen sold 13,676 shares of the business’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $181.14, for a total value of $2,477,270.64. Following the sale, the director owned 1,136,324 shares of the company’s stock, valued at approximately $205,833,729.36. The trade was a 1.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick R. Wilson sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $178.93, for a total value of $1,789,300.00. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 70,806 shares of company stock worth $11,307,687 over the last ninety days. Company insiders own 16.66% of the company’s stock.

Wall Street Analysts Forecast Growth

COIN has been the subject of a number of recent research reports. Zacks Research downgraded shares of Coinbase Global from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 5th. Benchmark cut their target price on shares of Coinbase Global from $270.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Barclays decreased their target price on Coinbase Global from $99.00 to $95.00 and set an “underweight” rating for the company in a research note on Friday, July 31st. Monness Crespi & Hardt reaffirmed a “sell” rating on shares of Coinbase Global in a report on Friday, June 5th. Finally, B. Riley Financial dropped their price target on Coinbase Global from $243.00 to $203.00 and set a “neutral” rating on the stock in a research report on Monday, June 1st. Eighteen investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $218.74.

Coinbase Global Profile

Coinbase Global, Inc operates a digital asset and cryptocurrency platform serving retail users, institutions, developers and ecosystem partners. Through its exchange, customers can buy, sell, convert, store and transfer a range of cryptocurrencies and other digital assets. The company also provides an advanced trading platform for more experienced users and services designed for institutional trading and market access.

Its product offerings include custodial services, institutional prime brokerage and custody, staking services, a self-custody wallet, and tools that enable developers and businesses to build applications using blockchain networks.