NEOS Investment Management LLC Increases Stock Position in Coinbase Global, Inc. $COIN

NEOS Investment Management LLC increased its stake in Coinbase Global, Inc. (NASDAQ:COIN) by 38.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,005 shares of the cryptocurrency exchange’s stock after buying an additional 5,796 shares during the period. NEOS Investment Management LLC’s holdings in Coinbase Global were worth $7,089,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. REAP Financial Group LLC bought a new position in Coinbase Global during the 3rd quarter valued at about $25,000. Evelyn Partners Investment Management Europe Ltd grew its stake in shares of 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 stake in shares of Coinbase Global during the 2nd quarter valued at $30,000. Salomon & Ludwin LLC boosted its stake in shares of Coinbase Global by 4,400.0% in the third quarter. Salomon & Ludwin LLC now owns 90 shares of the cryptocurrency exchange’s stock worth $30,000 after acquiring an additional 88 shares during the period. Finally, City State Bank purchased a new position in shares of Coinbase Global in the second quarter worth $33,000. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Trending Headlines about Coinbase Global

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

• Positive Sentiment: Company buybacks: Coinbase disclosed ~8 million shares repurchased last quarter, which reduces dilution and can support EPS over time. Do Coinbase Stock Buybacks Make COIN a Good Buy Here?
• Positive Sentiment: Institutional buying: Reports say ARK Investment resumed purchases of Coinbase shares, signaling some continued institutional appetite. This can provide support amid retail volatility. Riot Rises On Activist Data Center Proposal, ARK Resumes Coinbase Buys
• Positive Sentiment: Base moves to own stack: Base (Coinbase-backed L2) is transitioning off Optimism’s stack to a unified, in-house architecture to speed upgrades and simplify the sequencer — a structural long-term positive for product control and developer velocity. Coinbase’s Base transitions to its own architecture with eye on streamlining
• Neutral Sentiment: CEO regulatory outreach: Brian Armstrong’s CNBC interview (with Senator Moreno) reiterates Coinbase’s push for clearer US crypto rules — constructive for the regulatory outlook but unlikely to change near-term fundamentals. Watch CNBC’s full interview with Coinbase CEO Brian Armstrong and U.S. Senator Bernie Moreno
• Neutral Sentiment: Stablecoin positioning: CryptoQuant data shows Coinbase holds ~8% of CEX stablecoin reserves (vs. Binance’s 65%). It highlights scale limits vs. Binance but also room to grow; relevance is strategic rather than immediate. 65% of CEX Stablecoins Sit on Binance as Exchange Reserves Hit $47.5B, CryptoQuant Reports
• Negative Sentiment: Earnings miss and revenue decline: Q4 adjusted EPS and revenue missed expectations (EPS 66c vs. est. 86c; revenue down ~22% YoY), and recent commentary included a loss per share — fundamentals remain pressured. Coinbase Global, Inc. (COIN) Reports Q4 Adjusted EPS of 66 cents Compared to the 86 cents Estimate
• Negative Sentiment: Analyst downgrades/target cuts: Multiple firms trimmed price targets (Rothschild & Co Redburn to $288; Goldman to $264; Mizuho to $170), which weighs on investor expectations despite some shops keeping “buy” or “neutral” ratings. Rothschild & Co Redburn Adjusts Price Target on Coinbase Global to $288 Goldman Sachs Lowers PT Mizuho Lowers PT to $170
• Negative Sentiment: Security incident on Base: Moonwell was exploited after a cbETH oracle misprice (cbETH = Coinbase Wrapped Staked ETH), raising smart-contract/oracle risk concerns tied to assets linked to Coinbase. That may increase scrutiny around cbETH and DeFi integrations. Moonwell hit by $1.78M exploit as AI vibe coding debate reaches DeFi
• Negative Sentiment: Zacks added COIN to Strong Sell list, which can pressure sentiment and flow-sensitive ETFs or quant funds. New Strong Sell Stocks for February 18th

Insider Activity

In other news, Director Frederick Ernest Ehrsam III sold 4,125 shares of Coinbase Global stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $274.06, for a total transaction of $1,130,497.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Alesia J. Haas sold 364,600 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $154.95, for a total transaction of $56,494,770.00. Following the transaction, the chief financial officer directly owned 402,165 shares in the company, valued at approximately $62,315,466.75. The trade was a 47.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 574,395 shares of company stock valued at $110,451,160 in the last 90 days. 16.56% of the stock is owned by insiders.

Coinbase Global Stock Down 1.2%

Shares of NASDAQ COIN opened at $164.05 on Thursday. The company’s 50-day simple moving average is $217.84 and its 200-day simple moving average is $280.18. Coinbase Global, Inc. has a 52-week low of $139.36 and a 52-week high of $444.64. The firm has a market cap of $44.24 billion, a price-to-earnings ratio of 37.37 and a beta of 3.70. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.40.

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 net margin of 17.55% and a return on equity of 8.68%. The business had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the company earned $4.68 earnings per share. Coinbase Global’s quarterly revenue was down 21.6% on a year-over-year basis. Equities analysts predict that Coinbase Global, Inc. will post 7.22 EPS for the current fiscal year.

Analyst Ratings Changes

COIN has been the topic of several research reports. Argus restated a “hold” rating on shares of Coinbase Global in a research report on Tuesday, November 25th. Canaccord Genuity Group reduced their price target on shares of Coinbase Global from $400.00 to $300.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Bank of America upgraded Coinbase Global from a “neutral” rating to a “buy” rating and set a $340.00 price target on the stock in a research note on Thursday, January 8th. Mizuho lowered their target price on Coinbase Global from $280.00 to $170.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Robert W. Baird set a $165.00 target price on shares of Coinbase Global in a research note on Friday, February 13th. Nineteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $282.82.

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.