Signaturefd LLC Acquires 557 Shares of Coinbase Global, Inc. (NASDAQ:COIN)

Signaturefd LLC increased its holdings in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 22.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,014 shares of the cryptocurrency exchange’s stock after purchasing an additional 557 shares during the period. Signaturefd LLC’s holdings in Coinbase Global were worth $537,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of COIN. Crewe Advisors LLC lifted its stake in Coinbase Global by 547.4% in the 2nd quarter. Crewe Advisors LLC now owns 123 shares of the cryptocurrency exchange’s stock valued at $27,000 after acquiring an additional 104 shares in the last quarter. Lynx Investment Advisory bought a new stake in Coinbase Global in the 2nd quarter valued at approximately $29,000. Concord Wealth Partners lifted its stake in Coinbase Global by 322.2% in the 1st quarter. Concord Wealth Partners now owns 114 shares of the cryptocurrency exchange’s stock valued at $30,000 after acquiring an additional 87 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Coinbase Global by 833.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 112 shares of the cryptocurrency exchange’s stock valued at $30,000 after acquiring an additional 100 shares in the last quarter. Finally, Versant Capital Management Inc lifted its stake in Coinbase Global by 75.0% in the 2nd quarter. Versant Capital Management Inc now owns 133 shares of the cryptocurrency exchange’s stock valued at $30,000 after acquiring an additional 57 shares in the last quarter. Institutional investors own 68.84% of the company’s stock.

Coinbase Global Stock Performance

Shares of NASDAQ COIN opened at $205.04 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.03 and a quick ratio of 1.03. The stock’s fifty day moving average price is $181.15 and its two-hundred day moving average price is $210.23. Coinbase Global, Inc. has a one year low of $70.42 and a one year high of $283.48. The firm has a market cap of $50.35 billion, a price-to-earnings ratio of 40.93 and a beta of 3.35.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings data on Thursday, August 1st. The cryptocurrency exchange reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.93). Coinbase Global had a net margin of 31.46% and a return on equity of 13.89%. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period in the prior year, the company earned ($0.42) earnings per share. The business’s quarterly revenue was up 104.8% compared to the same quarter last year. On average, equities analysts forecast that Coinbase Global, Inc. will post 3.92 EPS for the current year.

Insider Buying and Selling at Coinbase Global

In other Coinbase Global news, CEO Brian Armstrong sold 23,075 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $173.93, for a total value of $4,013,434.75. Following the transaction, the chief executive officer now directly owns 526 shares of the company’s stock, valued at $91,487.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Brian Armstrong sold 23,075 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $173.93, for a total transaction of $4,013,434.75. Following the completion of the sale, the chief executive officer now directly owns 526 shares in the company, valued at approximately $91,487.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Emilie Choi sold 1,500 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $233.00, for a total value of $349,500.00. Following the sale, the chief operating officer now owns 194,971 shares of the company’s stock, valued at approximately $45,428,243. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 71,187 shares of company stock valued at $13,158,294 in the last ninety days. 23.43% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on COIN shares. JMP Securities reiterated a “market outperform” rating and set a $320.00 price objective on shares of Coinbase Global in a research note on Wednesday, October 9th. B. Riley started coverage on Coinbase Global in a research note on Wednesday. They set a “neutral” rating and a $185.00 price objective on the stock. Barclays upped their price objective on Coinbase Global from $169.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Bank of America dropped their price objective on Coinbase Global from $263.00 to $246.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Finally, HC Wainwright dropped their price objective on Coinbase Global from $315.00 to $295.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Coinbase Global currently has an average rating of “Hold” and a consensus price target of $242.82.

About Coinbase Global

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.