Coinbase Global, Inc. $COIN Position Increased by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd lifted its position in Coinbase Global, Inc. (NASDAQ:COIN) by 56.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 33,071 shares of the cryptocurrency exchange’s stock after buying an additional 11,882 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Coinbase Global were worth $7,479,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Integrated Wealth Concepts LLC lifted its holdings in shares of Coinbase Global by 24.2% in the first quarter. Integrated Wealth Concepts LLC now owns 2,119 shares of the cryptocurrency exchange’s stock valued at $365,000 after purchasing an additional 413 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Coinbase Global by 25.8% during the first quarter. Empowered Funds LLC now owns 8,581 shares of the cryptocurrency exchange’s stock valued at $1,478,000 after buying an additional 1,761 shares in the last quarter. Focus Partners Wealth grew its holdings in shares of Coinbase Global by 9.9% during the first quarter. Focus Partners Wealth now owns 5,202 shares of the cryptocurrency exchange’s stock valued at $896,000 after buying an additional 467 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Coinbase Global during the second quarter valued at $285,000. Finally, Cerity Partners LLC raised its position in Coinbase Global by 8.6% during the second quarter. Cerity Partners LLC now owns 17,694 shares of the cryptocurrency exchange’s stock valued at $6,203,000 after buying an additional 1,402 shares during the period. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Coinbase Global Stock Performance

Shares of NASDAQ COIN opened at $201.80 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.34 and a quick ratio of 2.34. Coinbase Global, Inc. has a one year low of $139.36 and a one year high of $444.64. The business’s 50-day moving average price is $191.07 and its two-hundred day moving average price is $223.41. The company has a market capitalization of $53.29 billion, a P/E ratio of 75.86, a price-to-earnings-growth ratio of 7.43 and a beta of 3.38.

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

Insiders Place Their Bets

In other Coinbase Global news, CFO Alesia J. Haas sold 10,020 shares of Coinbase Global stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $200.00, for a total value of $2,004,000.00. Following the completion of the sale, the chief financial officer directly owned 397,171 shares in the company, valued at $79,434,200. The trade was a 2.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 29,990 shares of company stock worth $6,013,920 over the last 90 days. 16.66% of the stock is currently owned by company insiders.

Key Headlines 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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. President Capital raised their price objective on Coinbase Global from $236.00 to $264.00 and gave the stock a “buy” rating in a research report on Tuesday. The Goldman Sachs Group upped their target price on Coinbase Global from $225.00 to $231.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Benchmark reduced their price target on shares of Coinbase Global from $267.00 to $260.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. HC Wainwright lowered their price objective on shares of Coinbase Global from $350.00 to $310.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Finally, Wedbush set a $224.00 price objective on shares of Coinbase Global in a research note on Friday, May 8th. Nineteen equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $251.91.

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.