84,694 Shares in Coinbase Global, Inc. $COIN Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new position in Coinbase Global, Inc. (NASDAQ:COIN) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 84,694 shares of the cryptocurrency exchange’s stock, valued at approximately $12,381,000.

Other large investors have also bought and sold shares of the company. North Dakota State Investment Board bought a new position in shares of Coinbase Global in the 4th quarter worth about $1,626,000. Mizuho Markets Cayman LP purchased a new position in Coinbase Global in the 4th quarter worth approximately $33,921,000. Harvest Portfolios Group Inc. lifted its holdings in shares of Coinbase Global by 21.7% during the fourth quarter. Harvest Portfolios Group Inc. now owns 376,578 shares of the cryptocurrency exchange’s stock valued at $85,159,000 after purchasing an additional 67,082 shares in the last quarter. First Citizens Bank & Trust Co. grew its stake in shares of Coinbase Global by 37.4% in the first quarter. First Citizens Bank & Trust Co. now owns 40,467 shares of the cryptocurrency exchange’s stock worth $7,066,000 after acquiring an additional 11,020 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in Coinbase Global by 366.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 154,702 shares of the cryptocurrency exchange’s stock valued at $22,616,000 after buying an additional 121,552 shares during the last quarter. 68.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on COIN. BTIG Research decreased their price target on shares of Coinbase Global from $260.00 to $240.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Needham & Company LLC lowered their price target on shares of Coinbase Global from $220.00 to $177.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Benchmark dropped their price target on shares of Coinbase Global from $270.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Argus reiterated a “hold” rating on shares of Coinbase Global in a research report on Wednesday, August 26th. Finally, Oppenheimer dropped their price target on Coinbase Global from $209.00 to $193.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Eighteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, Coinbase Global presently has an average rating of “Hold” and an average target price of $215.90.

Coinbase Global Stock Performance

NASDAQ COIN opened at $178.64 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.42 and a quick ratio of 2.42. Coinbase Global, Inc. has a 1-year low of $139.11 and a 1-year high of $402.16. The business has a 50 day simple moving average of $160.42 and a two-hundred day simple moving average of $174.68. The stock has a market capitalization of $47.13 billion, a PE ratio of -46.52 and a beta of 3.36.

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 the consensus estimate of ($0.44) by ($0.92). The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Coinbase Global had a negative net margin of 15.72% and a positive return on equity of 3.12%. The firm’s quarterly revenue was down 18.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.14 earnings per share. On average, research analysts predict that Coinbase Global, Inc. will post -0.06 EPS for the current fiscal year.

Insider Buying and Selling at Coinbase Global

In other Coinbase Global news, CAO Jennifer N. Jones sold 2,062 shares of Coinbase Global stock in a transaction on Monday, August 24th. The shares were sold at an average price of $188.75, for a total transaction of $389,202.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick R. Wilson sold 35,068 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were 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. Insiders have sold 49,181 shares of company stock valued at $7,365,482 over the last ninety days. 16.66% of the stock is owned by insiders.

Key Stories Impacting Coinbase Global

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

• Positive Sentiment: Bitcoin’s recovery could support Coinbase’s near-term activity. Bitcoin moved above $80,000, ETF inflows continued for nine consecutive days, and Bitcoin traded at a premium on Coinbase—signals of improving U.S. demand and potentially stronger trading volumes. Metaplanet also transferred approximately $108 million of Bitcoin to Coinbase Prime, highlighting institutional custody activity. Bitcoin Surges Past $80K
• Positive Sentiment: Analyst support and regulatory optimism are providing a counterweight. Goldman Sachs maintained its Buy rating and raised its Coinbase target, while growing support for the CLARITY Act could provide clearer rules for Coinbase’s exchange, custody, stablecoin and institutional businesses. Goldman Sachs Reiterates Buy Ratings
• Positive Sentiment: Coinbase’s diversification story is strengthening. Paid memberships reached a record, and the company is expanding into Bitcoin-backed mortgages with Better, tokenized stocks on Base and other blockchain-based financial services. These initiatives could reduce dependence on retail trading and create additional subscription, custody and infrastructure revenue. Paid Membership Set a Record
• Neutral Sentiment: CEO Brian Armstrong remains bullish on crypto’s long-term outlook. He said Bitcoin could reach as much as $400,000 by 2030 and described blockchain as an evolving part of the financial system. The comments support the long-term industry narrative but do not directly improve current earnings. Coinbase CEO on Bitcoin’s Long-Term Outlook
• Negative Sentiment: Crypto-market weakness hurt Coinbase’s core business in the second quarter. Total crypto market capitalization fell 11%, spot trading volumes declined 25% sequentially and Bitcoin prices dropped double digits. Coinbase reported revenue below expectations and a larger-than-expected per-share loss, with revenue down 18.5% year over year. Coinbase Q2 Revenue Fell
• Negative Sentiment: Additional uncertainty comes from insider selling and Armstrong’s potential California departure over a proposed wealth tax. The disclosed sale was made under a pre-arranged trading plan, but it may still weigh on sentiment, while the relocation issue introduces operational and political uncertainty.

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.