Pathway Financial Advisers LLC Buys 3,555 Shares of Coinbase Global, Inc. (NASDAQ:COIN)

Pathway Financial Advisers LLC raised its stake in Coinbase Global, Inc. (NASDAQ:COIN) by 16,928.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,576 shares of the cryptocurrency exchange’s stock after purchasing an additional 3,555 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Coinbase Global were worth $637,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in COIN. Crewe Advisors LLC raised its holdings in shares of Coinbase Global by 547.4% during the second 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 position in shares of Coinbase Global during the second quarter valued at approximately $29,000. Geneos Wealth Management Inc. raised its holdings in shares of Coinbase Global by 833.3% during the first 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. Versant Capital Management Inc raised its holdings in Coinbase Global by 75.0% in the second quarter. Versant Capital Management Inc now owns 133 shares of the cryptocurrency exchange’s stock worth $30,000 after purchasing an additional 57 shares in the last quarter. Finally, ORG Wealth Partners LLC bought a new position in Coinbase Global in the third quarter worth $32,000. Institutional investors own 68.84% of the company’s stock.

Coinbase Global Trading Down 3.6 %

Coinbase Global stock opened at $211.74 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.03 and a quick ratio of 1.03. Coinbase Global, Inc. has a one year low of $73.56 and a one year high of $283.48. The stock has a market capitalization of $52.61 billion, a PE ratio of 38.01 and a beta of 3.35. The business’s fifty day moving average is $181.94 and its 200 day moving average is $209.22.

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

Insiders Place Their Bets

In other Coinbase Global news, COO Emilie Choi sold 1,500 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $162.24, for a total value of $243,360.00. Following the transaction, the chief operating officer now directly owns 187,601 shares of the company’s stock, valued at approximately $30,436,386.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Coinbase Global news, COO Emilie Choi sold 1,500 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $162.24, for a total value of $243,360.00. Following the transaction, the chief operating officer now directly owns 187,601 shares of the company’s stock, valued at approximately $30,436,386.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Paul Grewal sold 16,962 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $206.96, for a total value of $3,510,455.52. Following the completion of the transaction, the insider now directly owns 75,556 shares in the company, valued at $15,637,069.76. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 79,687 shares of company stock valued at $14,908,594. Insiders own 23.43% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Monness Crespi & Hardt assumed coverage on Coinbase Global in a report on Monday. They issued a “buy” rating and a $245.00 price objective for the company. B. Riley assumed coverage on Coinbase Global in a report on Wednesday, October 23rd. They issued a “neutral” rating and a $185.00 price objective for the company. Canaccord Genuity Group reiterated a “buy” rating and issued a $280.00 price objective on shares of Coinbase Global in a report on Friday, August 2nd. Compass Point decreased their price objective on Coinbase Global from $325.00 to $295.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $320.00 price objective on shares of Coinbase Global in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Coinbase Global currently has a consensus rating of “Hold” and a consensus target price of $242.94.

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.