Horizon Wealth Management LLC Grows Position in Coinbase Global, Inc. $COIN

Horizon Wealth Management LLC raised its position in Coinbase Global, Inc. (NASDAQ:COIN) by 98.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,004 shares of the cryptocurrency exchange’s stock after purchasing an additional 19,864 shares during the quarter. Coinbase Global accounts for approximately 2.0% of Horizon Wealth Management LLC’s holdings, making the stock its 15th biggest holding. Horizon Wealth Management LLC’s holdings in Coinbase Global were worth $13,501,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. REAP Financial Group LLC bought a new position in shares of Coinbase Global during the third quarter valued at approximately $25,000. Evelyn Partners Investment Management Europe Ltd boosted its holdings in Coinbase Global by 92.3% during the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 75 shares of the cryptocurrency exchange’s stock valued at $29,000 after acquiring an additional 36 shares during the period. Cullen Frost Bankers Inc. bought a new position in Coinbase Global in the 2nd quarter valued at $30,000. Salomon & Ludwin LLC grew its position in Coinbase Global by 4,400.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 90 shares of the cryptocurrency exchange’s stock valued at $30,000 after acquiring an additional 88 shares during the last quarter. Finally, City State Bank purchased a new stake in Coinbase Global in the second quarter worth $33,000. Institutional investors own 68.84% of the company’s stock.

Coinbase Global Stock Up 16.5%

NASDAQ:COIN opened at $164.32 on Friday. The company’s fifty day moving average price is $224.49 and its 200-day moving average price is $284.81. The firm has a market capitalization of $44.31 billion, a P/E ratio of 37.43 and a beta of 3.70. Coinbase Global, Inc. has a 1-year low of $139.36 and a 1-year high of $444.64. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.40 and a quick ratio of 2.40.

Coinbase Global (NASDAQ:COIN) last issued its earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.17). Coinbase Global had a return on equity of 9.01% and a net margin of 17.55%.The company had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the company earned $4.68 EPS. The firm’s quarterly revenue was down 21.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Coinbase Global, Inc. will post 7.22 EPS for the current year.

Insider Activity at Coinbase Global

In other Coinbase Global news, Director Frederick Ernest Ehrsam III sold 1,375 shares of Coinbase Global stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $250.27, for a total value of $344,121.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian Armstrong sold 40,000 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $248.96, for a total transaction of $9,958,400.00. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 672,498 shares of company stock worth $137,109,701. 16.56% of the stock is owned by company insiders.

Key Headlines Impacting Coinbase Global

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

• Positive Sentiment: Short‑term buying momentum: traders are buying the post‑earnings drop and the stock has bounced off prior support levels, leading to a sharp intraday rebound even after the Q4 miss. Read More.
• Positive Sentiment: Operational and product positives: Coinbase highlights doubling crypto trading market share in 2025, subscription strength and new initiatives (Agentic/AI wallets) that diversify revenue and address longer‑term growth. Read More.
• Neutral Sentiment: Analyst reaction is mixed: many firms cut price targets and trimmed estimates (wide dispersion of PTs), leaving both upside and downside scenarios for investors to weigh. Read More.
• Neutral Sentiment: Short‑interest data in some feeds shows 0 shares (days‑to‑cover 0.0) — the reporting appears unreliable and provides no clear short‑squeeze signal.
• Negative Sentiment: Q4 miss and first quarterly loss in two years: Coinbase reported a $667M net loss, revenue down ~21% Y/Y and EPS below estimates — the core trading business remains sensitive to crypto price moves. Read More.
• Negative Sentiment: Insider selling raises governance/sentiment concerns: reporting shows large stock sales by CEO Brian Armstrong (reported ~$550M) and a CFO sale (~$56M), which can weigh on investor confidence. Read More. Read More.
• Negative Sentiment: Operational hiccup: a brief platform outage affected buy/sell/transfer functionality around the earnings release, spotlighting execution risk. Read More.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on COIN. Argus reissued a “hold” rating on shares of Coinbase Global in a research note on Tuesday, November 25th. Rosenblatt Securities dropped their target price on shares of Coinbase Global from $325.00 to $240.00 and set a “buy” rating on the stock in a report on Friday. Sanford C. Bernstein reissued an “outperform” rating and issued a $440.00 price objective on shares of Coinbase Global in a research note on Tuesday, January 6th. Citigroup decreased their price objective on Coinbase Global from $505.00 to $400.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Coinbase Global from $399.00 to $290.00 and set an “overweight” rating on the stock in a report on Tuesday. Nineteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $291.85.

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.