Nwam LLC Has $2.02 Million Stock Position in Coinbase Global, Inc. $COIN

Nwam LLC reduced its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 51.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 9,204 shares of the cryptocurrency exchange’s stock after selling 9,792 shares during the period. Nwam LLC’s holdings in Coinbase Global were worth $2,024,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of COIN. West Family Investments Inc. grew its stake in shares of Coinbase Global by 3.3% during the 3rd quarter. West Family Investments Inc. now owns 1,029 shares of the cryptocurrency exchange’s stock worth $347,000 after acquiring an additional 33 shares in the last quarter. Forvis Mazars Wealth Advisors LLC grew its stake in shares of Coinbase Global by 3.4% during the 3rd quarter. Forvis Mazars Wealth Advisors LLC now owns 1,040 shares of the cryptocurrency exchange’s stock worth $351,000 after acquiring an additional 34 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Coinbase Global by 9.5% during the 3rd quarter. Versant Capital Management Inc now owns 403 shares of the cryptocurrency exchange’s stock worth $136,000 after acquiring an additional 35 shares in the last quarter. Waterfront Wealth Inc. grew its stake in shares of Coinbase Global by 4.8% during the 3rd quarter. Waterfront Wealth Inc. now owns 760 shares of the cryptocurrency exchange’s stock worth $241,000 after acquiring an additional 35 shares in the last quarter. Finally, Howard Capital Management Inc. grew its stake in shares of Coinbase Global by 2.9% during the 3rd quarter. Howard Capital Management Inc. now owns 1,284 shares of the cryptocurrency exchange’s stock worth $433,000 after acquiring an additional 36 shares in the last quarter. 68.84% of the stock is currently owned by institutional investors and hedge funds.

Coinbase Global Price Performance

NASDAQ:COIN opened at $201.16 on Monday. Coinbase Global, Inc. has a 1-year low of $139.36 and a 1-year high of $444.64. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.40. The firm has a fifty day simple moving average of $189.05 and a 200 day simple moving average of $226.92. The stock has a market capitalization of $53.12 billion, a PE ratio of 75.62, a P/E/G ratio of 4.54 and a beta of 3.38.

Coinbase Global (NASDAQ:COIN) last released its earnings results 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). Coinbase Global had a net margin of 12.20% and a return on equity of 4.06%. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the prior year, the business posted $0.24 earnings per share. Coinbase Global’s quarterly revenue was down 30.5% compared to the same quarter last year. On average, research analysts expect that Coinbase Global, Inc. will post 2.78 EPS for the current fiscal year.

Key Stories Impacting Coinbase Global

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

• Positive Sentiment: Coinbase is expanding beyond spot crypto with new products, including gold and silver perpetual futures, prediction markets, and AI-agent payment infrastructure, which supports its “everything exchange” strategy.
• Positive Sentiment: The company and AWS/Stripe announced AI-agent payment capabilities using USDC, reinforcing Coinbase’s role in stablecoin and blockchain infrastructure growth.
• Positive Sentiment: Some analysts remain constructive, saying Coinbase could benefit from the CLARITY Act and revenue diversification even after trimming price targets. Article Title
• Neutral Sentiment: Coinbase reported record market share and strong derivatives traction, suggesting its platform is still gaining relevance even as overall trading volumes slow.
• Neutral Sentiment: Coinbase resumed trading after a roughly seven-hour AWS-related outage, but the incident highlighted operational risk rather than a permanent business issue.
• Negative Sentiment: Several Wall Street firms cut price targets after the earnings miss, reflecting lower near-term expectations for trading revenue and profits.
• Negative Sentiment: The AWS outage disrupted Coinbase’s trading services and may have added to investor frustration around platform reliability.
• Negative Sentiment: Coinbase also announced layoffs and an AI-driven restructuring, underscoring cost pressure and a tougher demand backdrop for its core business.

Insider Buying and Selling at Coinbase Global

In related news, CFO Alesia J. Haas sold 10,020 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $200.00, for a total value of $2,004,000.00. Following the completion of the transaction, the chief financial officer directly owned 397,171 shares of the company’s stock, valued at approximately $79,434,200. This trade represents a 2.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 29,990 shares of company stock valued at $6,013,920 over the last three months. 16.66% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

COIN has been the subject of several research reports. Jefferies Financial Group raised their price target on shares of Coinbase Global from $151.00 to $181.00 and gave the stock a “hold” rating in a research note on Thursday, April 9th. The Goldman Sachs Group raised their price target on shares of Coinbase Global from $225.00 to $231.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. UBS Group set a $264.00 price target on shares of Coinbase Global in a research note on Friday, February 13th. Barclays decreased their price target on shares of Coinbase Global from $140.00 to $107.00 and set an “underweight” rating for the company in a research note on Friday. Finally, JPMorgan Chase & Co. raised their target price on shares of Coinbase Global from $252.00 to $290.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Nineteen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Coinbase Global currently has an average rating of “Hold” and a consensus price target of $250.04.

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.