Blackhawk Capital Partners LLC Increases Stake in Coinbase Global, Inc. $COIN

Blackhawk Capital Partners LLC raised its stake in Coinbase Global, Inc. (NASDAQ:COIN) by 79.3% during the first quarter, Holdings Channel.com reports. The firm owned 8,737 shares of the cryptocurrency exchange’s stock after purchasing an additional 3,863 shares during the quarter. Blackhawk Capital Partners LLC’s holdings in Coinbase Global were worth $1,526,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of COIN. Palisade Asset Management LLC purchased a new position in Coinbase Global in the third quarter valued at approximately $29,000. MV Capital Management Inc. acquired a new stake in Coinbase Global during the 4th quarter worth $27,000. Osbon Capital Management LLC purchased a new stake in Coinbase Global in the fourth quarter valued at $30,000. JPL Wealth Management LLC acquired a new position in Coinbase Global in the third quarter valued at $49,000. Finally, Brooklands Fund Management Ltd purchased a new position in shares of Coinbase Global during the fourth quarter worth about $34,000. 68.84% of the stock is currently owned by institutional investors and hedge funds.

Coinbase Global Stock Up 3.5%

COIN opened at $167.21 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.14 and a quick ratio of 2.14. Coinbase Global, Inc. has a 12 month low of $139.18 and a 12 month high of $444.64. The stock has a market capitalization of $44.05 billion, a P/E ratio of 62.86, a P/E/G ratio of 8.40 and a beta of 3.35. The business has a 50 day simple moving average of $171.94 and a 200-day simple moving average of $187.82.

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 4.16% and a net margin of 12.20%.The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the previous year, the firm posted $0.24 earnings per share. Coinbase Global’s revenue for the quarter was down 30.5% on a year-over-year basis. On average, equities analysts anticipate that Coinbase Global, Inc. will post 1.75 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on COIN. Cantor Fitzgerald reissued an “overweight” rating and issued a $250.00 target price on shares of Coinbase Global in a report on Wednesday, June 17th. Jefferies Financial Group lifted their target price on shares of Coinbase Global from $151.00 to $181.00 and gave the company a “hold” rating in a report on Thursday, April 9th. Benchmark reiterated a “buy” rating and set a $270.00 price target on shares of Coinbase Global in a research note on Wednesday, June 17th. Rosenblatt Securities restated a “buy” rating and issued a $240.00 price target on shares of Coinbase Global in a research report on Wednesday, June 17th. Finally, Robert W. Baird lowered their target price on Coinbase Global from $160.00 to $142.00 and set a “neutral” rating on the stock in a research note on Friday, June 5th. Eighteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Coinbase Global presently has an average rating of “Hold” and an average target price of $245.88.

Insider Activity at Coinbase Global

In other news, insider Paul Grewal sold 1,960 shares of Coinbase Global stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $176.88, for a total transaction of $346,684.80. Following the completion of the sale, the insider directly owned 84,753 shares in the company, valued at approximately $14,991,110.64. This trade represents a 2.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick R. Wilson sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $159.09, for a total value of $1,590,900.00. Following the sale, the director directly owned 20,000 shares in the company, valued at $3,181,800. This trade represents a 33.33% 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. Insiders sold a total of 30,627 shares of company stock worth $5,327,841 in the last ninety days. Corporate insiders own 16.66% of the company’s stock.

Key Coinbase Global News

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

• Positive Sentiment: Bitcoin climbed back above $65,000, boosting sentiment for crypto-linked stocks and raising hopes for stronger trading volumes on Coinbase. Bitcoin Clawed Its Way Back Over $65,000. Here’s Why—and What to Know Now
• Positive Sentiment: William Blair said Coinbase is well positioned for a crypto recovery and reiterated a bullish view, suggesting the market may be underestimating the company’s market share and diversified revenue streams. Analyst Sees Coinbase Well‑Positioned for Crypto Recovery, Initiates Buy on Growing Market Share and Diversified Revenue Streams
• Positive Sentiment: Coinbase and Circle gained attention after analysts argued many near-term risks are already reflected in valuations and that both could benefit if Bitcoin keeps recovering. Coinbase, Circle stocks climb as analysts see Bitcoin-linked upside
• Positive Sentiment: Coinbase announced it will report second-quarter 2026 results on July 30, which keeps investors focused on the next earnings catalyst. Coinbase Announces Date of Second Quarter 2026 Financial Results
• Neutral Sentiment: Reports that Coinbase’s AI now writes most of its code may support efficiency and margins over time, but the near-term stock impact is unclear. Over 95% of Coinbase’s code is now written with AI
• Neutral Sentiment: Coinbase’s role as custodian for roughly $288 million of seized crypto has drawn speculation about possible asset sales, but there is no confirmation of an imminent liquidation. US Transfer of Seized Crypto Raises Questions About Potential Asset Sales
• Negative Sentiment: JPMorgan cut its outlook on Coinbase, warning that the Hyperliquid partnership and rising competition could pressure stablecoin-related revenue. JPMorgan Cuts Coinbase Target to $196, Warns on Circle Stablecoin Pressure
• Negative Sentiment: Additional coverage said JPMorgan trimmed earnings estimates for Coinbase, citing weaker stablecoin economics and near-term competitive pressure. JPMorgan cuts estimates for Circle and Coinbase on Hyperliquid pressure

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.