Coinbase Global, Inc. $COIN Shares Acquired by M&T Bank Corp

M&T Bank Corp increased its stake in Coinbase Global, Inc. (NASDAQ:COIN) by 34.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 12,162 shares of the cryptocurrency exchange’s stock after buying an additional 3,131 shares during the period. M&T Bank Corp’s holdings in Coinbase Global were worth $2,750,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. REAP Financial Group LLC acquired a new stake in shares of Coinbase Global in the third quarter worth approximately $25,000. Palisade Asset Management LLC acquired a new stake in shares of Coinbase Global in the third quarter worth approximately $29,000. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Coinbase Global in the third quarter worth approximately $35,000. Cloud Capital Management LLC acquired a new stake in shares of Coinbase Global in the third quarter worth approximately $36,000. Finally, Stephens Consulting LLC boosted its position in shares of Coinbase Global by 99.0% in the fourth quarter. Stephens Consulting LLC now owns 201 shares of the cryptocurrency exchange’s stock worth $45,000 after acquiring an additional 100 shares during the last quarter. 68.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

COIN has been the topic of several research analyst reports. China Renaissance decreased their target price on shares of Coinbase Global from $301.50 to $223.20 and set a “buy” rating on the stock in a research report on Monday, February 23rd. Jefferies Financial Group raised their target price on shares of Coinbase Global from $151.00 to $181.00 and gave the stock a “hold” rating in a research report on Thursday, April 9th. President Capital decreased their target price on shares of Coinbase Global from $472.00 to $236.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. Piper Sandler raised their target price on shares of Coinbase Global from $150.00 to $180.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft set a $250.00 target price on shares of Coinbase Global in a research report on Friday, February 13th. Nineteen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $262.04.

Key Stories Impacting Coinbase Global

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

• Positive Sentiment: Recorded market-share and derivatives revenue — Coinbase said it reached a record 8.6% crypto market share and retail derivatives annualized revenue topped $200M, showing product traction beyond spot trading. Read More.
• Positive Sentiment: AWS / USDC payments partnership and agent-payments work — Coinbase is a partner for Amazon Bedrock agent payment tooling (USDC rails), opening new stablecoin payment use cases and potential volume sources. Read More.
• Positive Sentiment: Regulatory clarity potential — Coinbase said CLARITY Act markup could happen soon; bipartisan movement that limits uncertain stablecoin rules would reduce regulatory risk for Coinbase’s dollar-rail products. Read More.
• Neutral Sentiment: New products and listings — Coinbase launched gold & silver perpetual futures (USDC-settled, up to 25x) and other product expansions that diversify revenue but will take time to scale. Read More.
• Negative Sentiment: Q1 earnings and revenue miss — Coinbase reported $1.41B revenue (vs. ~$1.49B expected) and a GAAP loss of $1.49/sh, marking a second consecutive quarterly loss; transaction revenue fell sharply, which drove today’s selling pressure. Read More.
• Negative Sentiment: Layoffs and restructuring headline risk — Coinbase cut ~14% of staff (~700 roles) as it pivots to an “AI-native” operating model; near-term execution and morale risks contributed to volatility. Read More.
• Negative Sentiment: Legal overhang — Coinbase faces at least one suit alleging improper withholding of frozen funds tied to a prior theft, adding regulatory/legal uncertainty. Read More.

Insider Buying and Selling

In related news, CFO Alesia J. Haas sold 10,020 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $200.00, for a total value of $2,004,000.00. Following the transaction, the chief financial officer owned 397,171 shares in the company, valued at approximately $79,434,200. This trade represents a 2.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 29,990 shares of company stock valued at $6,013,920 in the last 90 days. Company insiders own 16.66% of the company’s stock.

Coinbase Global Trading Down 2.5%

NASDAQ COIN opened at $192.96 on Friday. Coinbase Global, Inc. has a one year low of $139.36 and a one year high of $444.64. The company’s 50 day moving average price is $189.05 and its 200 day moving average price is $226.92. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.34 and a current ratio of 2.34. The firm has a market capitalization of $50.96 billion, a price-to-earnings ratio of 43.95, a PEG ratio of 4.47 and a beta of 3.38.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings results on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) EPS for the quarter, missing the consensus estimate of $0.06 by ($1.55). Coinbase Global had a net margin of 17.55% and a return on equity of 8.68%. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the previous year, the business posted $0.24 EPS. The company’s quarterly revenue was down 30.5% on a year-over-year basis. On average, sell-side analysts predict that Coinbase Global, Inc. will post 2.78 EPS for the current 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.