Coinbase Global, Inc. $COIN Shares Bought by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC boosted its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 2,937.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 30,377 shares of the cryptocurrency exchange’s stock after acquiring an additional 29,377 shares during the period. Gateway Investment Advisers LLC’s holdings in Coinbase Global were worth $6,869,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in COIN. Integrated Wealth Concepts LLC raised its position in Coinbase Global by 24.2% during the first quarter. Integrated Wealth Concepts LLC now owns 2,119 shares of the cryptocurrency exchange’s stock worth $365,000 after acquiring an additional 413 shares during the period. Empowered Funds LLC raised its position in shares of Coinbase Global by 25.8% in the first quarter. Empowered Funds LLC now owns 8,581 shares of the cryptocurrency exchange’s stock valued at $1,478,000 after buying an additional 1,761 shares during the last quarter. Focus Partners Wealth raised its position in shares of Coinbase Global by 9.9% in the first quarter. Focus Partners Wealth now owns 5,202 shares of the cryptocurrency exchange’s stock valued at $896,000 after buying an additional 467 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Coinbase Global in the second quarter valued at about $285,000. Finally, Cerity Partners LLC raised its position in shares of Coinbase Global by 8.6% in the second quarter. Cerity Partners LLC now owns 17,694 shares of the cryptocurrency exchange’s stock valued at $6,203,000 after buying an additional 1,402 shares during the last quarter. 68.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Coinbase Global

In related news, CFO Alesia J. Haas sold 10,020 shares of the firm’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $200.00, for a total transaction of $2,004,000.00. Following the completion of the sale, the chief financial officer directly owned 377,201 shares in the company, valued at approximately $75,440,200. This trade represents a 2.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 29,990 shares of company stock worth $6,013,920 in the last ninety days. 16.66% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on COIN. Needham & Company LLC reduced their target price on shares of Coinbase Global from $290.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Rothschild & Co Redburn reduced their target price on shares of Coinbase Global from $281.00 to $254.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Cantor Fitzgerald increased their target price on shares of Coinbase Global from $221.00 to $250.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. China Renaissance reduced their target price on shares of Coinbase Global from $301.50 to $223.20 and set a “buy” rating for the company in a research report on Monday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft set a $250.00 target price on shares of Coinbase Global in a research report on Friday, February 13th. Nineteen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $262.04.

Key Headlines Impacting Coinbase Global

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

• Positive Sentiment: Recorded market-share and derivatives revenue — Coinbase said it reached a record 8.6% crypto market share and retail derivatives annualized revenue topped $200M, showing product traction beyond spot trading. Read More.
• Positive Sentiment: AWS / USDC payments partnership and agent-payments work — Coinbase is a partner for Amazon Bedrock agent payment tooling (USDC rails), opening new stablecoin payment use cases and potential volume sources. Read More.
• Positive Sentiment: Regulatory clarity potential — Coinbase said CLARITY Act markup could happen soon; bipartisan movement that limits uncertain stablecoin rules would reduce regulatory risk for Coinbase’s dollar-rail products. Read More.
• Neutral Sentiment: New products and listings — Coinbase launched gold & silver perpetual futures (USDC-settled, up to 25x) and other product expansions that diversify revenue but will take time to scale. Read More.
• Negative Sentiment: Q1 earnings and revenue miss — Coinbase reported $1.41B revenue (vs. ~$1.49B expected) and a GAAP loss of $1.49/sh, marking a second consecutive quarterly loss; transaction revenue fell sharply, which drove today’s selling pressure. Read More.
• Negative Sentiment: Layoffs and restructuring headline risk — Coinbase cut ~14% of staff (~700 roles) as it pivots to an “AI-native” operating model; near-term execution and morale risks contributed to volatility. Read More.
• Negative Sentiment: Legal overhang — Coinbase faces at least one suit alleging improper withholding of frozen funds tied to a prior theft, adding regulatory/legal uncertainty. Read More.

Coinbase Global Price Performance

Coinbase Global stock opened at $192.96 on Friday. Coinbase Global, Inc. has a 12-month low of $139.36 and a 12-month high of $444.64. The stock has a market cap of $50.96 billion, a P/E ratio of 43.95, a PEG ratio of 4.47 and a beta of 3.38. The company has a 50-day moving average price of $189.05 and a 200 day moving average price of $226.92. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.40.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings data 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 8.68% and a net margin of 17.55%.The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the previous year, the business posted $0.24 earnings per share. Coinbase Global’s revenue for the quarter was down 30.5% on a year-over-year basis. Sell-side analysts anticipate that Coinbase Global, Inc. will post 2.78 earnings per share for the current year.

Coinbase Global 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.