Baader Bank Aktiengesellschaft Boosts Stock Holdings in Coinbase Global, Inc. $COIN

Baader Bank Aktiengesellschaft raised its stake in Coinbase Global, Inc. (NASDAQ:COIN) by 61.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,856 shares of the cryptocurrency exchange’s stock after purchasing an additional 5,631 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Coinbase Global were worth $2,429,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in COIN. MV Capital Management Inc. purchased a new stake in Coinbase Global during the fourth quarter valued at about $27,000. Palisade Asset Management LLC purchased a new stake in shares of Coinbase Global during the 3rd quarter worth about $29,000. Osbon Capital Management LLC purchased a new stake in shares of Coinbase Global during the 4th quarter worth about $30,000. Archer Investment Corp increased its position in Coinbase Global by 546.4% during the 1st quarter. Archer Investment Corp now owns 181 shares of the cryptocurrency exchange’s stock worth $32,000 after purchasing an additional 153 shares in the last quarter. Finally, Brooklands Fund Management Ltd acquired a new stake in Coinbase Global during the 4th quarter worth approximately $34,000. 68.84% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Coinbase Global news, insider Paul Grewal sold 1,960 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $176.88, for a total transaction of $346,684.80. Following the completion of the sale, the insider owned 84,753 shares in the company, valued at $14,991,110.64. This trade represents a 2.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 Coinbase Global stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $181.54, for a total value of $1,815,400.00. Following the sale, the director owned 30,000 shares in the company, valued at $5,446,200. This represents a 25.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 30,627 shares of company stock worth $5,327,841. Company insiders own 16.66% of the company’s stock.

Coinbase Global Price Performance

COIN opened at $160.43 on Tuesday. Coinbase Global, Inc. has a twelve month low of $139.18 and a twelve month high of $436.38. The firm has a market cap of $42.27 billion, a price-to-earnings ratio of 60.31, a PEG ratio of 10.14 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. The company has a fifty day simple moving average of $169.28 and a 200 day simple moving average of $186.24.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings data on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($1.55). Coinbase Global had a return on equity of 4.16% and a net margin of 12.20%.The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the firm earned $0.24 EPS. The business’s quarterly revenue was down 30.5% compared to the same quarter last year. Equities research analysts expect that Coinbase Global, Inc. will post 1.41 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. President Capital lifted their price target on shares of Coinbase Global from $236.00 to $264.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Benchmark reissued a “buy” rating and issued a $270.00 price objective on shares of Coinbase Global in a research report on Wednesday, June 17th. Monness Crespi & Hardt reissued a “sell” rating on shares of Coinbase Global in a research note on Friday, June 5th. Barclays reduced their target price on shares of Coinbase Global from $107.00 to $99.00 and set an “underweight” rating on the stock in a report on Thursday, July 9th. Finally, Oppenheimer decreased their price target on shares of Coinbase Global from $224.00 to $209.00 and set an “outperform” rating for the company in a research report on Thursday. Eighteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Coinbase Global currently has a consensus rating of “Hold” and an average target price of $245.39.

Trending Headlines about Coinbase Global

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

• Positive Sentiment: Coinbase vice chair Ryan VanGrack said Senate negotiators added stronger consumer protections to the CLARITY Act, which could improve the odds of crypto market-structure legislation passing and create a more favorable regulatory backdrop for Coinbase. Article: Democrats added certain consumer protection rules to CLARITY: Coinbase exec
• Positive Sentiment: Multiple headlines featured Coinbase CEO Brian Armstrong defending Bitcoin’s long-term durability and dismissing concerns about miners shifting energy use to AI, which can reinforce Coinbase’s image as a leading crypto industry voice. Article: Coinbase CEO Brian Armstrong: Hash Power Doesn’t Determine Bitcoin’s Price
• Neutral Sentiment: Armstrong also said Bitcoin is likely to remain a long-term gauge of inflation fears and commented that stablecoins, not Bitcoin, have best fulfilled Satoshi’s payments vision; this keeps Coinbase in the center of the crypto narrative but is not a direct business catalyst. Article: Coinbase CEO Brian Armstrong Says Bitcoin Will ‘Mostly’ Be a Measure of Inflation Fears in the Long Term
• Neutral Sentiment: Coinbase shares also got a routine lift from broad market movement, with recent coverage noting the stock outperformed a down market session. Article: Coinbase Global, Inc. (COIN) Ascends While Market Falls: Some Facts to Note
• Negative Sentiment: Prediction markets suggested Coinbase’s second-quarter trading volume may come in below analyst expectations, renewing concern that weaker crypto activity could pressure transaction revenue. Article: Coinbase trading results may fall short of expectations, according to prediction markets
• Negative Sentiment: Another piece argued Coinbase’s Base strategy showed the company may be building for an older crypto cycle, hinting at product and strategic execution risks. Article: Coinbase’s big Base mistake offers an important lesson for the crypto industry

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.