Allworth Financial LP Acquires 182 Shares of Coinbase Global, Inc. (NASDAQ:COIN)

Allworth Financial LP raised its holdings in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 7.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,507 shares of the cryptocurrency exchange’s stock after acquiring an additional 182 shares during the quarter. Allworth Financial LP’s holdings in Coinbase Global were worth $436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. AlphaMark Advisors LLC bought a new stake in Coinbase Global during the 4th quarter valued at $33,000. Coston McIsaac & Partners bought a new position in shares of Coinbase Global in the fourth quarter worth $52,000. Lazard Asset Management LLC increased its holdings in shares of Coinbase Global by 3,355.6% in the first quarter. Lazard Asset Management LLC now owns 311 shares of the cryptocurrency exchange’s stock worth $59,000 after purchasing an additional 302 shares during the period. Sound Income Strategies LLC increased its holdings in shares of Coinbase Global by 427.6% in the fourth quarter. Sound Income Strategies LLC now owns 401 shares of the cryptocurrency exchange’s stock worth $70,000 after purchasing an additional 325 shares during the period. Finally, Tyler Stone Wealth Management bought a new position in shares of Coinbase Global in the second quarter worth $31,000. Institutional investors own 68.84% of the company’s stock.

Coinbase Global Stock Performance

NASDAQ COIN opened at $242.95 on Wednesday. The company has a 50-day simple moving average of $208.19 and a two-hundred day simple moving average of $147.86. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.47. Coinbase Global, Inc. has a 12-month low of $46.43 and a 12-month high of $283.48. The firm has a market cap of $58.86 billion, a price-to-earnings ratio of 899.81 and a beta of 3.41.

Coinbase Global (NASDAQ:COIN – Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The cryptocurrency exchange reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $1.13. Coinbase Global had a net margin of 3.05% and a return on equity of 3.54%. The business had revenue of $953.80 million during the quarter, compared to analyst estimates of $826.10 million. During the same period in the prior year, the business posted ($2.46) earnings per share. The company’s revenue was up 51.6% on a year-over-year basis. On average, equities analysts forecast that Coinbase Global, Inc. will post 2.08 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on COIN. Barclays upped their price target on shares of Coinbase Global from $146.00 to $179.00 and gave the stock an “underweight” rating in a report on Monday. Piper Sandler upped their price target on shares of Coinbase Global from $125.00 to $165.00 and gave the stock a “neutral” rating in a report on Friday, February 16th. Wedbush upped their price target on shares of Coinbase Global from $180.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $240.00 price target on shares of Coinbase Global in a report on Thursday, March 28th. Finally, Citigroup increased their target price on Coinbase Global from $90.00 to $151.00 and gave the company a “neutral” rating in a research note on Friday, January 19th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $154.15.

Read Our Latest Stock Report on Coinbase Global

Insider Buying and Selling at Coinbase Global

In other Coinbase Global news, insider Paul Grewal sold 10,000 shares of the company’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $121.02, for a total transaction of $1,210,200.00. Following the completion of the sale, the insider now directly owns 61,665 shares in the company, valued at $7,462,698.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Paul Grewal sold 10,000 shares of the stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $121.02, for a total transaction of $1,210,200.00. Following the completion of the sale, the insider now directly owns 61,665 shares in the company, valued at $7,462,698.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Brian Armstrong sold 23,075 shares of the stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $146.14, for a total transaction of $3,372,180.50. The disclosure for this sale can be found here. Insiders sold a total of 766,070 shares of company stock worth $121,938,069 over the last three months. Company insiders own 33.16% of the company’s stock.

Coinbase Global Company Profile

(Free Report)

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.

Coinbase Global Stock Performance

Wall Street Analyst Weigh In

Insider Buying and Selling at Coinbase Global

Coinbase Global Company Profile

See Also