EULAV Asset Management Purchases 28,000 Shares of Coinbase Global, Inc. $COIN

EULAV Asset Management boosted its position in Coinbase Global, Inc. (NASDAQ:COIN) by 31.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 117,000 shares of the cryptocurrency exchange’s stock after buying an additional 28,000 shares during the quarter. EULAV Asset Management’s holdings in Coinbase Global were worth $26,458,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC lifted its stake in shares of Coinbase Global by 24.2% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,119 shares of the cryptocurrency exchange’s stock valued at $365,000 after acquiring an additional 413 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Coinbase Global by 25.8% in the 1st quarter. Empowered Funds LLC now owns 8,581 shares of the cryptocurrency exchange’s stock valued at $1,478,000 after acquiring an additional 1,761 shares during the last quarter. Focus Partners Wealth lifted its stake in shares of Coinbase Global by 9.9% in the 1st quarter. Focus Partners Wealth now owns 5,202 shares of the cryptocurrency exchange’s stock valued at $896,000 after acquiring an additional 467 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of Coinbase Global in the 2nd quarter valued at $285,000. Finally, Cerity Partners LLC lifted its stake in shares of Coinbase Global by 8.6% in the 2nd quarter. Cerity Partners LLC now owns 17,694 shares of the cryptocurrency exchange’s stock valued at $6,203,000 after acquiring an additional 1,402 shares during the last quarter. 68.84% of the stock is owned by institutional investors.

Coinbase Global Price Performance

Shares of COIN opened at $152.40 on Friday. Coinbase Global, Inc. has a 1 year low of $139.36 and a 1 year high of $444.64. 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 company has a market capitalization of $40.15 billion, a price-to-earnings ratio of 57.29, a price-to-earnings-growth ratio of 5.68 and a beta of 3.32. The business has a 50-day moving average of $186.06 and a 200-day moving average of $207.59.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings data on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) earnings per share (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 company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the business earned $0.24 earnings per share. Coinbase Global’s revenue was down 30.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Coinbase Global, Inc. will post 1.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on COIN shares. Benchmark dropped their price target on Coinbase Global from $267.00 to $260.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Zacks Research upgraded Coinbase Global from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 14th. Monness Crespi & Hardt reiterated a “sell” rating on shares of Coinbase Global in a research note on Friday. Bank of America dropped their price target on Coinbase Global from $288.00 to $234.00 in a research note on Thursday, April 2nd. Finally, UBS Group set a $264.00 price target on Coinbase Global in a research note on Friday, February 13th. Nineteen investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Coinbase Global currently has a consensus rating of “Hold” and a consensus target price of $250.23.

Key Stories Impacting Coinbase Global

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

• Positive Sentiment: Coinbase is expanding into new products with its SpaceX pre-IPO perpetual futures launch for overseas users, a move that could open up a new, higher-margin trading category and support long-term growth. Article Title
• Positive Sentiment: Coinbase and Better Mortgage completed the first U.S. Bitcoin-backed home loan approved by Fannie Mae, highlighting Coinbase’s push into real-world crypto utility and financial infrastructure. Article Title
• Positive Sentiment: Coinbase CEO Brian Armstrong’s comments on U.S.-China competition reinforce the company’s long-term growth narrative and pro-innovation image. Article Title
• Neutral Sentiment: Coinbase remains widely watched by investors, with high web traffic and analyst attention keeping the stock in focus, though this alone does not change fundamentals. Article Title
• Negative Sentiment: Baird lowered its price target on Coinbase to $142 and flagged weak trading volumes, implying that crypto activity may stay soft for longer than bulls hoped. Article Title
• Negative Sentiment: Bitcoin’s continued selloff and broader crypto weakness are pressuring Coinbase shares by reducing expected trading volume and investor risk appetite. Article Title
• Negative Sentiment: A Coinbase director sold 10,000 shares in a pre-arranged transaction, which can add to cautious sentiment even if it was not a discretionary sale. Article Title

Insider Activity

In other news, insider Paul Grewal sold 1,960 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $176.88, for a total value of $346,684.80. Following the transaction, the insider owned 84,753 shares in the company, valued at approximately $14,991,110.64. The trade was a 2.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Alesia J. Haas sold 10,020 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $200.00, for a total transaction of $2,004,000.00. Following the completion of the transaction, the chief financial officer owned 377,201 shares in the company, valued at $75,440,200. This trade represents a 2.59% decrease in their position. 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. Insiders have sold a total of 38,546 shares of company stock worth $7,422,495 over the last quarter. Company insiders own 16.66% of the company’s stock.

About Coinbase Global

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.