Y Intercept Hong Kong Ltd Buys 8,236 Shares of Coinbase Global, Inc. $COIN

Y Intercept Hong Kong Ltd increased its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 36.7% in the first quarter, Holdings Channel.com reports. The fund owned 30,681 shares of the cryptocurrency exchange’s stock after purchasing an additional 8,236 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Coinbase Global were worth $5,357,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GW&K Investment Management LLC boosted its holdings in shares of Coinbase Global by 32.2% during the 3rd quarter. GW&K Investment Management LLC now owns 152 shares of the cryptocurrency exchange’s stock valued at $51,000 after purchasing an additional 37 shares during the last quarter. Formidable Asset Management LLC increased its holdings in shares of Coinbase Global by 2.2% in the fourth quarter. Formidable Asset Management LLC now owns 2,074 shares of the cryptocurrency exchange’s stock worth $469,000 after purchasing an additional 44 shares during the last quarter. L2 Asset Management LLC lifted its position in shares of Coinbase Global by 5.0% in the third quarter. L2 Asset Management LLC now owns 965 shares of the cryptocurrency exchange’s stock worth $326,000 after buying an additional 46 shares in the last quarter. Ancora Advisors LLC lifted its position in shares of Coinbase Global by 4.5% in the third quarter. Ancora Advisors LLC now owns 1,174 shares of the cryptocurrency exchange’s stock worth $396,000 after buying an additional 51 shares in the last quarter. Finally, Kensington Investment Counsel LLC boosted its stake in Coinbase Global by 7.0% during the third quarter. Kensington Investment Counsel LLC now owns 808 shares of the cryptocurrency exchange’s stock valued at $273,000 after buying an additional 53 shares during the last quarter. 68.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on COIN. Needham & Company LLC restated a “buy” rating and set a $220.00 price target on shares of Coinbase Global in a report on Wednesday, June 17th. President Capital increased their target price on Coinbase Global from $236.00 to $264.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. KeyCorp reissued a “sector weight” rating on shares of Coinbase Global in a report on Wednesday, June 17th. Bank of America reduced their price target on shares of Coinbase Global from $288.00 to $234.00 in a research report on Thursday, April 2nd. Finally, Monness Crespi & Hardt reaffirmed a “sell” rating on shares of Coinbase Global in a research note on Friday, June 5th. Eighteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $250.65.

Insider Buying and Selling at Coinbase Global

In other news, CFO Alesia J. Haas sold 10,020 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $200.00, for a total transaction of $2,004,000.00. Following the transaction, the chief financial officer owned 377,201 shares of the company’s stock, valued at approximately $75,440,200. This represents a 2.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lawrence J. Brock sold 6,616 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $189.01, for a total value of $1,250,490.16. Following the transaction, the insider owned 517 shares of the company’s stock, valued at approximately $97,718.17. The trade was a 92.75% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 30,647 shares of company stock valued at $5,740,941. 16.66% of the stock is owned by company insiders.

More Coinbase Global News

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

• Positive Sentiment: CEO Brian Armstrong has been highlighting progress on the Bitcoin Clarity Act and pushing for clearer U.S. crypto rules, which could help Coinbase if regulators create a more favorable operating environment. Coinbase Global Stock (COIN) Opinions on Regulatory Clarity and Market Pressures
• Positive Sentiment: Coinbase is being mentioned alongside major institutions in new blockchain and stablecoin initiatives, including Morpho’s $175 million funding round and a global stablecoin effort with Visa, Mastercard, and BNY, reinforcing Coinbase’s relevance in crypto infrastructure. Morpho Secures $175M Funding from Paradigm and a16z to Scale Blockchain Credit Infrastructure Global Stablecoin Initiative Launched by Visa, Mastercard, BNY, Coinbase, Others
• Positive Sentiment: Some analysts and market commentators continue to frame Coinbase as a core crypto infrastructure play, with recent buy ratings and price targets still implying meaningful upside versus the current share price. COIN Vs. MSTR: Buy Coinbase for Pure Exchange Fees and Structural Infrastructure Moats
• Neutral Sentiment: Crypto-linked stocks are seeing a broader bounce, and Coinbase is participating in the move, but the setup looks more like sector sympathy than a company-specific catalyst. Robinhood Jumps 6% on Bullish Analyst Initiations as Coinbase, Strategy Ride a Crypto-Stock Bounce
• Negative Sentiment: Coinbase’s latest reported quarterly revenue fell 30.5% year over year, and the company missed earnings and revenue expectations, which keeps pressure on the stock’s valuation. Coinbase Global Stock Performance
• Negative Sentiment: Insider activity remains a headwind, with 61 insider sales and no insider purchases over the past six months, which may be weighing on investor sentiment. Coinbase Global Stock (COIN) Opinions on Regulatory Clarity and Market Pressures
• Negative Sentiment: Technical commentary in the latest discussion notes repeated tests of support levels, with traders warning that a breakdown could send shares lower. Coinbase Global Stock (COIN) Opinions on Regulatory Clarity and Market Pressures

Coinbase Global Price Performance

Coinbase Global stock opened at $165.48 on Friday. The firm has a 50-day moving average price of $177.11 and a 200-day moving average price of $192.84. The firm has a market capitalization of $43.60 billion, a PE ratio of 62.21, a price-to-earnings-growth ratio of 5.84 and a beta of 3.35. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.44. Coinbase Global, Inc. has a 12-month low of $139.18 and a 12-month high of $444.64.

Coinbase Global (NASDAQ:COIN) last issued its quarterly 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 net margin of 12.20% and a return on equity of 4.16%. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the company posted $0.24 earnings per share. The business’s revenue for the quarter was down 30.5% on a year-over-year basis. As a group, equities research analysts forecast that Coinbase Global, Inc. will post 1.74 EPS for the current year.

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.