2,563 Shares in Coinbase Global, Inc. (NASDAQ:COIN) Purchased by Yousif Capital Management LLC

Yousif Capital Management LLC acquired a new stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 2,563 shares of the cryptocurrency exchange’s stock, valued at approximately $446,000.

A number of other large investors also recently bought and sold shares of the business. Barrett & Company Inc. bought a new position in shares of Coinbase Global during the 4th quarter worth approximately $26,000. AlphaMark Advisors LLC acquired a new position in shares of Coinbase Global during the fourth quarter worth $33,000. Harbor Investment Advisory LLC lifted its holdings in shares of Coinbase Global by 68.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 247 shares of the cryptocurrency exchange’s stock valued at $43,000 after purchasing an additional 100 shares during the last quarter. Coston McIsaac & Partners acquired a new stake in shares of Coinbase Global in the 4th quarter worth $52,000. Finally, Steph & Co. grew its stake in Coinbase Global by 100.0% during the 4th quarter. Steph & Co. now owns 300 shares of the cryptocurrency exchange’s stock worth $52,000 after buying an additional 150 shares during the last quarter. Institutional investors own 68.84% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on COIN. Barclays raised their price target on Coinbase Global from $179.00 to $204.00 and gave the stock an “underweight” rating in a report on Monday. Keefe, Bruyette & Woods lifted their target price on shares of Coinbase Global from $230.00 to $240.00 and gave the stock a “market perform” rating in a research note on Friday. Needham & Company LLC cut their price target on shares of Coinbase Global from $275.00 to $260.00 and set a “buy” rating on the stock in a research note on Friday. JPMorgan Chase & Co. lifted their price objective on shares of Coinbase Global from $95.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, March 15th. Finally, HC Wainwright upped their target price on Coinbase Global from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Coinbase Global presently has a consensus rating of “Hold” and an average price target of $193.85.

Insider Buying and Selling at Coinbase Global

In other news, Director Gokul Rajaram sold 1,145 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $260.00, for a total transaction of $297,700.00. Following the completion of the transaction, the director now directly owns 4,833 shares of the company’s stock, valued at approximately $1,256,580. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director Gokul Rajaram sold 1,145 shares of Coinbase Global stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $260.00, for a total value of $297,700.00. Following the sale, the director now owns 4,833 shares in the company, valued at $1,256,580. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Frederick Ernest Ehrsam III sold 82,130 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $119.73, for a total transaction of $9,833,424.90. Following the sale, the director now directly owns 4,662 shares of the company’s stock, valued at approximately $558,181.26. The disclosure for this sale can be found here. Over the last three months, insiders have sold 420,597 shares of company stock valued at $86,053,862. Company insiders own 33.16% of the company’s stock.

Coinbase Global Stock Up 1.6 %

COIN opened at $226.93 on Tuesday. The company has a fifty day moving average of $236.37 and a two-hundred day moving average of $167.06. The stock has a market capitalization of $54.98 billion, a price-to-earnings ratio of 45.30 and a beta of 3.46. Coinbase Global, Inc. has a fifty-two week low of $46.43 and a fifty-two week high of $283.48. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.02 and a current ratio of 1.02.

Coinbase Global (NASDAQ:COIN) last posted its earnings results on Thursday, February 15th. The cryptocurrency exchange reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $1.13. The firm had revenue of $953.80 million for the quarter, compared to analysts’ expectations of $826.10 million. Coinbase Global had a return on equity of 9.42% and a net margin of 33.98%. The company’s quarterly revenue was up 51.6% on a year-over-year basis. During the same period last year, the firm earned ($2.46) EPS. On average, research analysts expect that Coinbase Global, Inc. will post 2.71 earnings per share for the current year.

Coinbase Global Company Profile

Coinbase Global, Inc provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions.