Coinbase Global, Inc. $COIN Position Raised by Rhumbline Advisers

Rhumbline Advisers grew its position in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 1.7% during the 3rd quarter, Holdings Channel reports. The firm owned 380,496 shares of the cryptocurrency exchange’s stock after purchasing an additional 6,430 shares during the period. Rhumbline Advisers’ holdings in Coinbase Global were worth $128,413,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. REAP Financial Group LLC acquired a new stake in Coinbase Global in the 3rd quarter valued at about $25,000. Evelyn Partners Investment Management Europe Ltd lifted its stake in Coinbase Global by 92.3% during the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 75 shares of the cryptocurrency exchange’s stock valued at $29,000 after buying an additional 36 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Coinbase Global during the second quarter valued at approximately $30,000. Salomon & Ludwin LLC boosted its stake in Coinbase Global by 4,400.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 90 shares of the cryptocurrency exchange’s stock worth $30,000 after purchasing an additional 88 shares during the period. Finally, City State Bank acquired a new stake in Coinbase Global during the 2nd quarter valued at $33,000. Institutional investors and hedge funds own 68.84% of the company’s stock.

Coinbase Global News Roundup

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

• Positive Sentiment: Coinbase announced “Agentic Wallets” — purpose-built wallets for AI agents that enable autonomous on‑chain spending, trading and DeFi management; this is product innovation that could drive developer adoption and new fee streams over time. Read More.
• Positive Sentiment: Interactive Brokers added Coinbase Derivatives nano and perpetual futures to its platform — expanding distribution for Coinbase’s derivatives products and potentially boosting trading volumes and fee-based revenue. Read More.
• Positive Sentiment: HC Wainwright lowered its price target but kept a “buy” stance (PT trimmed to $350), signaling some analysts still see upside from Coinbase’s long‑term positioning despite near‑term headwinds. Read More.
• Neutral Sentiment: Coinbase is pivoting its Base app to prioritize trading and is discontinuing the creator rewards program — this may streamline resources but narrows consumer-engagement experiments. Read More.
• Neutral Sentiment: Q4 earnings are due after the close and the options market is pricing a large implied move — that raises short‑term volatility and means results or guidance will likely drive the next major price reaction. Read More.
• Negative Sentiment: JPMorgan cut its price target sharply to $290 from $399 ahead of Q4 — a substantial revision that amplifies selling pressure even though the bank left an Overweight rating in place. Read More.
• Negative Sentiment: Cantor Fitzgerald and other shops also trimmed targets, adding to analyst-driven caution ahead of the report and increasing the risk premium priced into COIN. Read More.
• Negative Sentiment: CFO Alesia Haas sold 364,600 shares (filed Feb. 6) — a large insider sale that the market often interprets as a negative signal on near‑term conviction, particularly coming before earnings. Read More.
• Negative Sentiment: Sector/regulatory risk is rising: Congressional scrutiny of SEC enforcement choices and public criticism of Coinbase’s policy stances increase uncertainty about future enforcement or market-structure changes that could affect US operations. Read More.
• Negative Sentiment: Bitcoin volatility and recent spot-led selling have reduced crypto volumes and muted US retail participation — direct pressure on Coinbase’s transaction revenue. Read More.

Coinbase Global Price Performance

NASDAQ:COIN opened at $153.20 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.40 and a quick ratio of 2.40. The stock has a market cap of $41.31 billion, a P/E ratio of 13.25 and a beta of 3.70. The company has a fifty day moving average price of $229.25 and a 200 day moving average price of $287.32. Coinbase Global, Inc. has a one year low of $142.58 and a one year high of $444.64.

Wall Street Analysts Forecast Growth

COIN has been the subject of a number of research reports. HC Wainwright decreased their price objective on Coinbase Global from $425.00 to $350.00 and set a “buy” rating for the company in a research report on Wednesday. Citigroup reduced their price objective on Coinbase Global from $505.00 to $400.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Rothschild & Co Redburn lowered their price target on Coinbase Global from $404.00 to $403.00 and set a “buy” rating for the company in a research note on Friday, January 16th. Deutsche Bank Aktiengesellschaft started coverage on shares of Coinbase Global in a research note on Wednesday, December 17th. They issued a “buy” rating and a $340.00 target price for the company. Finally, BTIG Research cut their price target on shares of Coinbase Global from $420.00 to $340.00 and set a “buy” rating on the stock in a report on Thursday, February 5th. Twenty investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $340.08.

Insider Activity at Coinbase Global

In other Coinbase Global news, CEO Brian Armstrong sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $248.96, for a total value of $9,958,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Frederick Ernest Ehrsam III sold 1,375 shares of the firm’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $250.27, for a total value of $344,121.25. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 672,498 shares of company stock worth $137,109,701. Company insiders own 16.56% of the company’s stock.

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.