D.A. Davidson & CO. Buys 3,654 Shares of Coinbase Global, Inc. $COIN

D.A. Davidson & CO. grew its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 20.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,932 shares of the cryptocurrency exchange’s stock after acquiring an additional 3,654 shares during the quarter. D.A. Davidson & CO.’s holdings in Coinbase Global were worth $4,960,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. High Point Wealth Management LLC bought a new position in shares of Coinbase Global during the fourth quarter valued at $465,000. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Coinbase Global by 48.5% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 24,488 shares of the cryptocurrency exchange’s stock valued at $5,538,000 after acquiring an additional 8,000 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Coinbase Global by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 26,400,836 shares of the cryptocurrency exchange’s stock valued at $5,970,285,000 after acquiring an additional 184,043 shares in the last quarter. Pinion Investment Advisors LLC boosted its position in shares of Coinbase Global by 15.8% during the fourth quarter. Pinion Investment Advisors LLC now owns 3,533 shares of the cryptocurrency exchange’s stock valued at $799,000 after buying an additional 481 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its position in shares of Coinbase Global by 1.2% during the fourth quarter. Concurrent Investment Advisors LLC now owns 5,345 shares of the cryptocurrency exchange’s stock valued at $1,209,000 after buying an additional 65 shares during the last quarter. 68.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on COIN shares. Zacks Research raised Coinbase Global from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 14th. Rosenblatt Securities dropped their price objective on Coinbase Global from $325.00 to $240.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Sanford C. Bernstein dropped their price objective on Coinbase Global from $440.00 to $330.00 and set an “outperform” rating on the stock in a research report on Monday, March 30th. Oppenheimer dropped their price objective on Coinbase Global from $381.00 to $370.00 and set an “outperform” rating on the stock in a research report on Monday, January 12th. Finally, China Renaissance dropped their price objective on Coinbase Global from $301.50 to $223.20 and set a “buy” rating on the stock in a research report on Monday, February 23rd. Nineteen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $262.07.

Coinbase Global Trading Down 6.4%

Shares of NASDAQ:COIN opened at $181.73 on Thursday. The stock has a market capitalization of $47.99 billion, a price-to-earnings ratio of 41.40, a PEG ratio of 4.45 and a beta of 3.60. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.34 and a current ratio of 2.34. The stock’s 50-day simple moving average is $186.71 and its two-hundred day simple moving average is $231.80. Coinbase Global, Inc. has a 52-week low of $139.36 and a 52-week high of $444.64.

Coinbase Global (NASDAQ:COIN) last announced its earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.17). The firm had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Coinbase Global had a return on equity of 8.68% and a net margin of 17.55%.The company’s revenue for the quarter was down 21.6% on a year-over-year basis. During the same period in the previous year, the business posted $4.68 earnings per share. Analysts expect that Coinbase Global, Inc. will post 2.77 EPS for the current year.

Key Headlines Impacting Coinbase Global

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

• Positive Sentiment: Cantor Fitzgerald raised its price target for COIN to $250 and reiterated an Overweight rating, reflecting confidence in Coinbase’s product roadmap and giving bulls a near-term fundamental upside case. Coinbase Global (COIN): Why Predictions Market Matters
• Positive Sentiment: Coinbase/Glassnode survey shows >70% of respondents view Bitcoin as undervalued and many see the market in a late bear-cycle markdown — a constructive backdrop for trading volumes and future revenue if crypto prices stabilize. Most crypto investors believe Bitcoin is undervalued: Coinbase survey
• Positive Sentiment: Acting U.S. AG signaled a shift away from prosecuting developers (“code is not a crime”), which reduces legal tail risk for crypto platforms and is broadly positive for exchange operators like Coinbase. Acting AG Todd Blanche confirms ‘code is not a crime’ in DOJ pivot
• Neutral Sentiment: Coinbase Institutional’s Q2 outlook is neutral — the firm sees a potential bottom but flags macro and recession risks, suggesting mixed near-term revenue implications. Coinbase Sees Crypto Bottom Forming as Recession Risks Loom
• Neutral Sentiment: Blockchain.com launched a high‑net‑worth “Blockchain Wealth” offering — a competitor move in institutional/wealth channels that merits watching but is not an immediate earnings threat. Blockchain.com Launches Blockchain Wealth Program for High-Net Investors
• Neutral Sentiment: Analysis suggesting the crypto market may be “nearing a bottom” is balanced by sizable macro risks; this keeps a cautious tone for Q2 volumes/revenue. Coinbase Sees Crypto Bottom Forming as Recession Risks Loom
• Negative Sentiment: Robinhood’s weak Q1 crypto revenue (big miss) sparked sector selling and directly pressured COIN as investors de-risk exchange/exchange‑adjacent names. Robinhood (HOOD) Stock Plummets 14% as Crypto Revenue Crashes 47%
• Negative Sentiment: On‑chain/market signals show U.S. spot-Bitcoin demand weakening (Coinbase Premium turned negative), a technical headwind that can reduce trading volumes and fee revenue for exchanges. Bitcoin Coinbase Premium turns negative as BTC price drops, weekly losses top $829M
• Negative Sentiment: The CFTC sued Wisconsin over prediction‑market jurisdiction in a case that specifically names Coinbase among platforms; this adds legal uncertainty and potential compliance costs. CFTC pulls Wisconsin into fight over prediction markets
• Negative Sentiment: Geopolitical tensions in the Middle East are increasing risk‑off flows, which has pressured crypto and tech stocks, contributing to COIN’s decline today. Coinbase Stock Slides Amid Middle East Uncertainty

Insider Transactions at Coinbase Global

In other Coinbase Global news, CFO Alesia J. Haas sold 364,600 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $154.95, for a total value of $56,494,770.00. Following the transaction, the chief financial officer directly owned 402,165 shares of the company’s stock, valued at approximately $62,315,466.75. This trade represents a 47.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 394,590 shares of company stock valued at $62,508,690 over the last 90 days. Company insiders own 16.56% of the company’s stock.

About Coinbase Global

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.