Coinbase Global, Inc. $COIN Position Trimmed by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft lessened its holdings in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 71.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,225 shares of the cryptocurrency exchange’s stock after selling 23,223 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Coinbase Global were worth $1,989,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. West Family Investments Inc. grew its stake in shares of Coinbase Global by 3.3% in the 3rd quarter. West Family Investments Inc. now owns 1,029 shares of the cryptocurrency exchange’s stock valued at $347,000 after buying an additional 33 shares in the last quarter. Forvis Mazars Wealth Advisors LLC lifted its holdings in Coinbase Global by 3.4% in the 3rd quarter. Forvis Mazars Wealth Advisors LLC now owns 1,040 shares of the cryptocurrency exchange’s stock worth $351,000 after purchasing an additional 34 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of Coinbase Global by 9.5% during the third quarter. Versant Capital Management Inc now owns 403 shares of the cryptocurrency exchange’s stock worth $136,000 after buying an additional 35 shares during the last quarter. Waterfront Wealth Inc. lifted its holdings in shares of Coinbase Global by 4.8% during the third quarter. Waterfront Wealth Inc. now owns 760 shares of the cryptocurrency exchange’s stock worth $241,000 after buying an additional 35 shares during the last quarter. Finally, Howard Capital Management Inc. lifted its holdings in shares of Coinbase Global by 2.9% during the third quarter. Howard Capital Management Inc. now owns 1,284 shares of the cryptocurrency exchange’s stock worth $433,000 after buying an additional 36 shares during the last quarter. Institutional investors own 68.84% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on COIN shares. Needham & Company LLC lowered their price objective on Coinbase Global from $230.00 to $220.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. President Capital increased their price objective on Coinbase Global from $236.00 to $264.00 and gave the stock a “buy” rating in a research note on Tuesday. Citizens Jmp decreased their target price on Coinbase Global from $400.00 to $355.00 and set a “market outperform” rating on the stock in a report on Friday, April 10th. The Goldman Sachs Group raised their price target on Coinbase Global from $225.00 to $231.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Finally, Monness Crespi & Hardt reissued a “sell” rating and issued a $110.00 target price (down from $115.00) on shares of Coinbase Global in a research note on Friday, May 8th. Nineteen research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Coinbase Global presently has an average rating of “Hold” and an average price target of $251.91.

Key Stories Impacting Coinbase Global

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

• Positive Sentiment: CEO Brian Armstrong said the CLARITY Act is “closer than ever” to advancing, with the latest draft seen as a bipartisan compromise that could give the U.S. crypto industry clearer rules and potentially boost Coinbase’s long-term business prospects. Article: Coinbase CEO Brian Armstrong gets behind CLARITY Act ahead of Thursday markup
• Positive Sentiment: Armstrong also urged lawmakers to pass the CLARITY Act ahead of Thursday’s markup, reinforcing expectations that clearer crypto regulation could benefit Coinbase by reducing uncertainty for exchanges and institutional users. Article: Coinbase CEO Brian Armstrong Urges Senate To Pass CLARITY Act, But Prediction Markets Are Skeptical
• Positive Sentiment: Needham reiterated a Buy rating and set a $300 price target, while other firms also raised targets, signaling that some analysts still see meaningful upside despite the recent earnings miss. Article: Needham Reiterates Buy on Coinbase, Sets $300 Price Target on Growing Market Share and Stablecoin Leadership
• Neutral Sentiment: GraniteShares launched Coinbase-linked ETFs designed to profit from COIN’s volatility, highlighting heavy trading interest but not directly changing Coinbase’s fundamentals. Article: GraniteShares Launches MSTR, Coinbase ETFs As Bitcoin-Fueled Volatility Trade Heats Up
• Neutral Sentiment: Coinbase-backed x402 added batch settlement for AI agent payments, an incremental product update that supports Coinbase’s broader ecosystem strategy but is unlikely to move the stock on its own. Article: Coinbase-backed x402 adds batch settlement for AI agent payments
• Negative Sentiment: Several recent reports continue to spotlight Coinbase’s weak Q1 results, including a sharp revenue decline and missed earnings estimates, which remain a drag on sentiment. Article: COIN Q1 Deep Dive: Product Diversification and AI Strategy Amid Crypto Market Headwinds
• Negative Sentiment: Analyst notes also trimmed earnings estimates and, in some cases, cut price targets after the Q1 miss, suggesting Wall Street still sees near-term pressure on profitability. Article: Coinbase CEO Says CLARITY Is ‘Closer Than Ever’ — Here’s Why Crypto Investors Care

Coinbase Global Stock Down 2.8%

COIN stock opened at $201.80 on Thursday. 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, Inc. has a twelve month low of $139.36 and a twelve month high of $444.64. The business has a 50 day moving average price of $191.07 and a two-hundred day moving average price of $223.41. The company has a market cap of $53.29 billion, a price-to-earnings ratio of 75.86, a P/E/G ratio of 7.43 and a beta of 3.38.

Coinbase Global (NASDAQ:COIN) last issued its earnings results on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) EPS for the quarter, missing the consensus estimate of $0.06 by ($1.55). Coinbase Global had a return on equity of 4.06% and a net margin of 12.20%.The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the firm posted $0.24 earnings per share. The business’s revenue was down 30.5% compared to the same quarter last year. Analysts anticipate that Coinbase Global, Inc. will post 1.78 EPS for the current fiscal year.

Insider Activity at Coinbase Global

In other news, CFO Alesia J. Haas sold 10,020 shares of Coinbase Global stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $200.00, for a total transaction of $2,004,000.00. Following the completion of the transaction, the chief financial officer directly owned 397,171 shares in the company, valued at approximately $79,434,200. The trade was a 2.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders sold 29,990 shares of company stock worth $6,013,920. Insiders own 16.66% 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.