Oppenheimer & Co. Inc. Acquires 4,319 Shares of Coinbase Global, Inc. $COIN

Oppenheimer & Co. Inc. raised its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 31.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,053 shares of the cryptocurrency exchange’s stock after buying an additional 4,319 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Coinbase Global were worth $4,083,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in COIN. Vanguard Group Inc. lifted its stake in shares of Coinbase Global by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 26,400,836 shares of the cryptocurrency exchange’s stock valued at $5,970,285,000 after purchasing an additional 184,043 shares during the period. Northern Trust Corp lifted its stake in shares of Coinbase Global by 5.9% in the 3rd quarter. Northern Trust Corp now owns 1,959,871 shares of the cryptocurrency exchange’s stock valued at $661,437,000 after purchasing an additional 108,751 shares during the period. Legal & General Group Plc lifted its stake in shares of Coinbase Global by 5.0% in the 3rd quarter. Legal & General Group Plc now owns 1,193,784 shares of the cryptocurrency exchange’s stock valued at $402,890,000 after purchasing an additional 57,164 shares during the period. Baillie Gifford & Co. lifted its stake in shares of Coinbase Global by 41.1% in the 4th quarter. Baillie Gifford & Co. now owns 829,081 shares of the cryptocurrency exchange’s stock valued at $187,488,000 after purchasing an additional 241,659 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Coinbase Global by 1.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 783,273 shares of the cryptocurrency exchange’s stock valued at $264,320,000 after purchasing an additional 8,636 shares during the period. 68.84% of the stock is currently owned by institutional investors.

Coinbase Global News Summary

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

• Positive Sentiment: Large staking flows routed through Coinbase Prime — Bitmine staked ~$508M of ETH in one day via Coinbase Prime, increasing custody and staking activity that can boost institutional revenue and stickiness. Bitmine Stakes $508M ETH
• Positive Sentiment: Product expansion — Coinbase launched “CUSHY” and added a tokenized share class to a digital credit fund, pushing into tokenized private credit and stablecoin credit markets that could create new fee streams and institutional demand. Coinbase Launches CUSHY
• Positive Sentiment: Regulatory positioning — Coinbase and peers backed a CFTC ban on casino?style prediction markets while defending sports markets, a stance that may reduce risky product exposure and steer regulatory outcomes more favorably for mainstream exchange offerings. Coinbase, Robinhood Back Push
• Positive Sentiment: Analyst/upside narrative — Recent analyst interest and coverage (including positive notes and raised targets) continue to support bullish sentiment among some investors. Why Prediction Market Matters
• Neutral Sentiment: New token listings — MegaETH launched across major exchanges including Coinbase without listing fees; listings can drive short-term volume but impact on long?term revenue is unclear. MegaETH Token Debuts
• Neutral Sentiment: Retail/investor attention — Zacks/Yahoo pieces note elevated investor interest in COIN; attention can amplify moves but doesn’t guarantee fundamentals change. Coinbase Attracting Investor Attention
• Negative Sentiment: Crypto market breadth warning — CNBC reports April’s BTC rally was driven by leveraged derivatives while spot demand contracted, raising the risk that trading volume and real?money flows (key to Coinbase revenue) could falter. Bitcoin surged in April
• Negative Sentiment: Ongoing regulatory/legal risk — Coverage highlights that a finding that Coinbase acted as a “seller” could have harmful precedents; unresolved SEC-related legal exposure remains a major overhang on valuation. Finding Coinbase a ‘Seller’ Would Bring Harms
• Negative Sentiment: Near-term earnings risk — Analyst previews expect a decline in upcoming earnings, leaving the stock sensitive to any further misses. Analysts Estimate Earnings Decline

Wall Street Analyst Weigh In

A number of research analysts have recently commented on COIN shares. Jefferies Financial Group raised their target price on Coinbase Global from $151.00 to $181.00 and gave the company a “hold” rating in a research note on Thursday, April 9th. Cantor Fitzgerald raised their target price on Coinbase Global from $221.00 to $250.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Rothschild & Co Redburn lowered their target price on Coinbase Global from $281.00 to $254.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. BTIG Research lowered their target price on Coinbase Global from $340.00 to $280.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Finally, Monness Crespi & Hardt cut Coinbase Global from a “hold” rating to a “sell” rating in a research note on Monday, February 23rd. Nineteen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $262.07.

Insider Transactions at Coinbase Global

In other Coinbase Global news, CFO Alesia J. Haas sold 364,600 shares of Coinbase Global stock in a transaction on Friday, February 6th. The stock was sold at an average price of $154.95, for a total transaction of $56,494,770.00. Following the completion of the transaction, the chief financial officer owned 402,165 shares in the company, valued at approximately $62,315,466.75. The trade was a 47.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 394,590 shares of company stock worth $62,508,690 in the last three months. 16.66% of the stock is currently owned by insiders.

Coinbase Global Price Performance

Shares of NASDAQ:COIN opened at $191.25 on Monday. The stock has a fifty day simple moving average of $187.15 and a two-hundred day simple moving average of $229.84. The stock has a market capitalization of $50.51 billion, a price-to-earnings ratio of 43.57, a PEG ratio of 4.33 and a beta of 3.38. Coinbase Global, Inc. has a 12-month low of $139.36 and a 12-month high of $444.64. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.40.

Coinbase Global (NASDAQ:COIN) last announced its quarterly earnings data on Thursday, February 12th. The cryptocurrency exchange reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.17). The company had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Coinbase Global had a net margin of 17.55% and a return on equity of 8.68%. The firm’s quarterly revenue was down 21.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.68 EPS. On average, research analysts anticipate that Coinbase Global, Inc. will post 2.77 earnings per share for the current fiscal year.

Coinbase Global Company 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.