4,135 Shares in Coinbase Global, Inc. $COIN Purchased by LFG Wealth Partners LLC

LFG Wealth Partners LLC acquired a new position in Coinbase Global, Inc. (NASDAQ:COIN) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,135 shares of the cryptocurrency exchange’s stock, valued at approximately $935,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Palisade Asset Management LLC purchased a new stake in shares of Coinbase Global during the 3rd quarter worth about $29,000. Foster Dykema Cabot & Partners LLC bought a new position in shares of Coinbase Global in the 3rd quarter valued at approximately $35,000. Stephens Consulting LLC raised its stake in shares of Coinbase Global by 99.0% in the 4th quarter. Stephens Consulting LLC now owns 201 shares of the cryptocurrency exchange’s stock valued at $45,000 after acquiring an additional 100 shares in the last quarter. Legacy Wealth Managment LLC ID raised its stake in shares of Coinbase Global by 728.0% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 207 shares of the cryptocurrency exchange’s stock valued at $47,000 after acquiring an additional 182 shares in the last quarter. Finally, JPL Wealth Management LLC acquired a new stake in Coinbase Global in the 3rd quarter valued at approximately $49,000. 68.84% of the stock is owned by hedge funds and other institutional investors.

Coinbase Global Stock Up 6.2%

COIN stock opened at $169.62 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.14 and a quick ratio of 2.14. The stock has a market capitalization of $44.69 billion, a P/E ratio of 63.77, a P/E/G ratio of 5.08 and a beta of 3.32. The business has a 50-day moving average of $185.00 and a 200-day moving average of $203.34. Coinbase Global, Inc. has a fifty-two week low of $139.36 and a fifty-two week high of $444.64.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings data on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($1.55). The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.49 billion. Coinbase Global had a return on equity of 4.16% and a net margin of 12.20%.The firm’s quarterly revenue was down 30.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.24 earnings per share. On average, sell-side analysts anticipate that Coinbase Global, Inc. will post 1.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on COIN shares. Citizens Jmp lowered 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. Jefferies Financial Group raised their target price on Coinbase Global from $151.00 to $181.00 and gave the stock a “hold” rating in a research report on Thursday, April 9th. President Capital raised their target price on Coinbase Global from $236.00 to $264.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Cantor Fitzgerald raised their target price on Coinbase Global from $221.00 to $250.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Finally, Piper Sandler cut their price objective on Coinbase Global from $180.00 to $170.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Eighteen investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Coinbase Global currently has a consensus rating of “Hold” and a consensus target price of $250.23.

More Coinbase Global News

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

• Positive Sentiment: Brian Armstrong said Bitcoin likely bottomed around $60,000 and remains “bullish as ever” on the asset, which may support Coinbase shares if crypto prices keep recovering. Brian Armstrong Is ‘Bullish As Ever’ On Bitcoin, Coinbase CEO Predicts BTC Price Will Be ‘Much Higher’ In 20230
• Positive Sentiment: Recent commentary highlighted bullish investor sentiment around Coinbase, including research noting the stock could benefit from its “Everything Exchange” strategy and new business lines beyond spot trading. Is Coinbase Global, Inc. (COIN) A Good Stock To Buy Now?
• Neutral Sentiment: Coinbase CEO Brian Armstrong called for reforms to U.S. accredited investor rules, arguing they unfairly exclude ordinary Americans from early-stage gains. The comments are notable for policy discussion, but they are not an immediate revenue driver. Coinbase CEO Brian Armstrong: ‘Time to Revisit’ US Accredited Investor Laws
• Neutral Sentiment: Mark Cuban’s jab at Armstrong over memecoins adds noise and social-media attention, but it does not materially change Coinbase’s fundamentals. Mark Cuban Says ‘Just Sell Em Memecoins’ To Brian Armstrong After Coinbase CEO Demands Reforms Of Investor Laws That Favor ‘Rich’ Investors
• Negative Sentiment: Some recent articles note that Coinbase’s stock has still been under pressure year to date, reflecting ongoing concerns about valuation and reliance on crypto-market momentum. Prediction: Coinbase Will Trade at This Price in 2027

Insider Activity at Coinbase Global

In other news, Director Frederick R. Wilson sold 10,000 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $181.54, for a total transaction of $1,815,400.00. Following the completion of the transaction, the director directly owned 30,000 shares of the company’s stock, valued at $5,446,200. This represents a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul Grewal sold 1,960 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $176.88, for a total value of $346,684.80. Following the transaction, the insider directly owned 84,753 shares of the company’s stock, valued at $14,991,110.64. This represents a 2.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 30,647 shares of company stock valued at $5,740,941 over the last ninety days. Company insiders own 16.66% of the company’s stock.

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.