Danske Bank A S Increases Holdings in Coinbase Global, Inc. $COIN

Danske Bank A S lifted its position in Coinbase Global, Inc. (NASDAQ:COIN) by 19.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 133,265 shares of the cryptocurrency exchange’s stock after purchasing an additional 22,084 shares during the period. Danske Bank A S’s holdings in Coinbase Global were worth $30,137,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. REAP Financial Group LLC purchased a new stake in shares of Coinbase Global in the third quarter valued at approximately $25,000. Palisade Asset Management LLC purchased a new stake in shares of Coinbase Global in the third quarter valued at approximately $29,000. Salomon & Ludwin LLC boosted its holdings in shares of Coinbase Global by 4,400.0% in the third quarter. Salomon & Ludwin LLC now owns 90 shares of the cryptocurrency exchange’s stock valued at $30,000 after purchasing an additional 88 shares during the period. Foster Dykema Cabot & Partners LLC purchased a new stake in shares of Coinbase Global in the third quarter valued at approximately $35,000. Finally, Cloud Capital Management LLC purchased a new stake in shares of Coinbase Global in the third quarter valued at approximately $36,000. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Key Coinbase Global News

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

• Positive Sentiment: Large staking flows routed through Coinbase Prime — Bitmine staked ~$508M of ETH in one day via Coinbase Prime, increasing custody and staking activity that can boost institutional revenue and stickiness. Bitmine Stakes $508M ETH
• Positive Sentiment: Product expansion — Coinbase launched “CUSHY” and added a tokenized share class to a digital credit fund, pushing into tokenized private credit and stablecoin credit markets that could create new fee streams and institutional demand. Coinbase Launches CUSHY
• Positive Sentiment: Regulatory positioning — Coinbase and peers backed a CFTC ban on casino?style prediction markets while defending sports markets, a stance that may reduce risky product exposure and steer regulatory outcomes more favorably for mainstream exchange offerings. Coinbase, Robinhood Back Push
• Positive Sentiment: Analyst/upside narrative — Recent analyst interest and coverage (including positive notes and raised targets) continue to support bullish sentiment among some investors. Why Prediction Market Matters
• Neutral Sentiment: New token listings — MegaETH launched across major exchanges including Coinbase without listing fees; listings can drive short-term volume but impact on long?term revenue is unclear. MegaETH Token Debuts
• Neutral Sentiment: Retail/investor attention — Zacks/Yahoo pieces note elevated investor interest in COIN; attention can amplify moves but doesn’t guarantee fundamentals change. Coinbase Attracting Investor Attention
• Negative Sentiment: Crypto market breadth warning — CNBC reports April’s BTC rally was driven by leveraged derivatives while spot demand contracted, raising the risk that trading volume and real?money flows (key to Coinbase revenue) could falter. Bitcoin surged in April
• Negative Sentiment: Ongoing regulatory/legal risk — Coverage highlights that a finding that Coinbase acted as a “seller” could have harmful precedents; unresolved SEC-related legal exposure remains a major overhang on valuation. Finding Coinbase a ‘Seller’ Would Bring Harms
• Negative Sentiment: Near-term earnings risk — Analyst previews expect a decline in upcoming earnings, leaving the stock sensitive to any further misses. Analysts Estimate Earnings Decline

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on COIN. Weiss Ratings reissued a “hold (c)” rating on shares of Coinbase Global in a research note on Friday, January 9th. Citizens Jmp reduced their price objective on shares of Coinbase Global from $400.00 to $355.00 and set a “market outperform” rating for the company in a research note on Friday, April 10th. Deutsche Bank Aktiengesellschaft set a $250.00 price objective on shares of Coinbase Global in a research note on Friday, February 13th. UBS Group set a $264.00 price objective on shares of Coinbase Global in a research note on Friday, February 13th. Finally, Citigroup reduced their price objective on shares of Coinbase Global from $505.00 to $400.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Nineteen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $262.07.

Coinbase Global Stock Performance

Shares of NASDAQ:COIN opened at $191.25 on Friday. The firm has a 50 day moving average of $187.15 and a 200 day moving average of $230.62. The company has a market capitalization of $50.50 billion, a price-to-earnings ratio of 43.57, a price-to-earnings-growth ratio of 4.33 and a beta of 3.38. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.40. Coinbase Global, Inc. has a 52 week low of $139.36 and a 52 week high of $444.64.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.17). The business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.86 billion. Coinbase Global had a return on equity of 8.68% and a net margin of 17.55%.The business’s revenue for the quarter was down 21.6% on a year-over-year basis. During the same period in the previous year, the company posted $4.68 earnings per share. On average, sell-side analysts predict that Coinbase Global, Inc. will post 2.77 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Alesia J. Haas sold 364,600 shares of the company’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $154.95, for a total transaction of $56,494,770.00. Following the transaction, the chief financial officer directly owned 402,165 shares of the company’s stock, valued at approximately $62,315,466.75. This represents a 47.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 394,590 shares of company stock worth $62,508,690 over the last 90 days. Corporate insiders own 16.56% of the company’s stock.

Coinbase Global Company 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.