Capstone Capital Management Ltd Purchases 4,910 Shares of Coinbase Global, Inc. $COIN

Capstone Capital Management Ltd purchased a new position in Coinbase Global, Inc. (NASDAQ:COIN) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,910 shares of the cryptocurrency exchange’s stock, valued at approximately $915,000.

Other large investors have also made changes to their positions in the company. Lauterbach Financial Advisors LLC purchased a new position in Coinbase Global during the 3rd quarter worth $207,000. Physician Wealth Advisors Inc. boosted its holdings in Coinbase Global by 53.7% in the third quarter. Physician Wealth Advisors Inc. now owns 229 shares of the cryptocurrency exchange’s stock worth $43,000 after acquiring an additional 80 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Coinbase Global by 5.8% during the third quarter. Nisa Investment Advisors LLC now owns 27,958 shares of the cryptocurrency exchange’s stock worth $5,212,000 after acquiring an additional 1,529 shares during the last quarter. Integrated Advisors Network LLC purchased a new stake in shares of Coinbase Global during the third quarter worth about $272,000. Finally, Diversify Advisory Services LLC acquired a new position in shares of Coinbase Global during the third quarter valued at about $327,000. 68.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on COIN. Citizens Jmp decreased their price objective on shares of Coinbase Global from $325.00 to $280.00 and set a “market outperform” rating for the company in a research report on Friday, October 9th. Canaccord Genuity Group reiterated a “buy” rating and issued a $300.00 target price on shares of Coinbase Global in a research note on Friday, July 31st. Benchmark dropped their target price on shares of Coinbase Global from $270.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. The Goldman Sachs Group restated a “buy” rating and set a $244.00 price target on shares of Coinbase Global in a research note on Wednesday, October 7th. Finally, Compass Point restated a “neutral” rating and set a $187.00 price target on shares of Coinbase Global in a research note on Friday, October 9th. Twenty analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Coinbase Global presently has a consensus rating of “Hold” and a consensus price target of $224.44.

Key Stories Impacting Coinbase Global

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

• Positive Sentiment: Mastercard partnership supports AI-payments growth. Mastercard is opening its blockchain-based agentic payments system to developers after pilots involving Coinbase, Base and Cloudflare. The service could allow AI agents to purchase digital services using stablecoins, creating potential transaction and infrastructure opportunities for Coinbase. Mastercard Taps Coinbase, Cloudflare as AI Agents Learn to Pay
• Positive Sentiment: Thunes deal expands Coinbase’s global payments reach. Coinbase will work with Thunes to connect stablecoin transfers with payouts to billions of bank accounts and mobile wallets across approximately 140 countries. The arrangement could increase stablecoin utility and generate additional custody, conversion and settlement activity. Coinbase partners with Thunes to expand stablecoin payments to 140 countries
• Positive Sentiment: Stablecoin adoption is accelerating. A Coinbase-commissioned report said adjusted stablecoin transfer volume reached $891 billion in the third quarter, with 73% occurring outside U.S. banking hours. Separately, Coinbase’s partnership with Marqeta will support stablecoin-funded business cards, with Coinbase providing custody, dollar conversion and Base settlement. Stablecoin transfers quadruple to $891 billion
• Neutral Sentiment: Broader crypto-market signals were mixed. Bitcoin ETF inflows and institutional blockchain adoption provided support for the sector, but the articles did not identify a specific cryptocurrency move as the primary catalyst for COIN. BlackRock’s Bitcoin ETF had a major inflow
• Negative Sentiment: Regulatory and retail-demand risks remain. A Kazakhstan court restricted Coinbase and several other platforms from operating without local licenses. Recent coverage also highlighted a 31% decline in Coinbase’s retail revenue, increasing the company’s dependence on institutions and payments-related businesses. Kazakhstan court orders curbs on Coinbase

Coinbase Global Stock Up 1.4%

Shares of COIN stock opened at $170.85 on Wednesday. The stock’s 50-day simple moving average is $179.09 and its 200-day simple moving average is $175.16. 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 $45.08 billion, a PE ratio of -44.49 and a beta of 3.41. Coinbase Global, Inc. has a fifty-two week low of $139.11 and a fifty-two week high of $373.25.

Coinbase Global (NASDAQ:COIN) last announced its quarterly earnings data on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.44) by ($0.92). Coinbase Global had a positive return on equity of 3.12% and a negative net margin of 15.72%. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the business earned $5.14 earnings per share. The company’s revenue for the quarter was down 18.5% compared to the same quarter last year. Equities analysts expect that Coinbase Global, Inc. will post -0.54 earnings per share for the current year.

Insider Buying and Selling at Coinbase Global

In other news, CFO Alesia Haas sold 39,030 shares of the company’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of $205.24, for a total value of $8,010,517.20. Following the sale, the chief financial officer directly owned 345,376 shares of the company’s stock, valued at $70,884,970.24. This represents a 10.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick Wilson sold 35,068 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $144.32, for a total transaction of $5,061,013.76. 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. Over the last quarter, insiders sold 127,188 shares of company stock valued at $23,029,558. 16.66% of the stock is owned by corporate insiders.

Coinbase Global Profile

Coinbase Global, Inc operates a digital-asset financial infrastructure and technology platform. Through its Coinbase platform, the company enables individuals and institutions to buy, sell, store, transfer and use cryptocurrencies and other digital assets. Its services are designed to support both retail customers and institutional participants in the digital-asset economy.

The company offers cryptocurrency trading, custody and staking services, as well as subscription products and institutional solutions.