Intact Investment Management Inc. Purchases New Position in Coinbase Global, Inc. $COIN

Intact Investment Management Inc. purchased a new stake in Coinbase Global, Inc. (NASDAQ:COIN) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 4,950 shares of the cryptocurrency exchange’s stock, valued at approximately $1,119,000.

Several other large investors have also made changes to their positions in COIN. Integrated Wealth Concepts LLC grew its stake in shares of Coinbase Global by 24.2% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,119 shares of the cryptocurrency exchange’s stock valued at $365,000 after buying an additional 413 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Coinbase Global by 25.8% in the 1st quarter. Empowered Funds LLC now owns 8,581 shares of the cryptocurrency exchange’s stock valued at $1,478,000 after buying an additional 1,761 shares in the last quarter. Focus Partners Wealth grew its stake in shares of Coinbase Global by 9.9% in the 1st quarter. Focus Partners Wealth now owns 5,202 shares of the cryptocurrency exchange’s stock valued at $896,000 after buying an additional 467 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Coinbase Global in the 2nd quarter valued at approximately $285,000. Finally, Cerity Partners LLC grew its stake in shares of Coinbase Global by 8.6% in the 2nd quarter. Cerity Partners LLC now owns 17,694 shares of the cryptocurrency exchange’s stock valued at $6,203,000 after buying an additional 1,402 shares in the last quarter. Institutional investors own 68.84% of the company’s stock.

Insider Buying and Selling at Coinbase Global

In other news, CFO Alesia J. Haas sold 10,020 shares of the stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $200.00, for a total value of $2,004,000.00. Following the completion of the sale, the chief financial officer directly owned 377,201 shares of the company’s stock, valued at approximately $75,440,200. This represents a 2.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 394,590 shares of company stock valued at $62,508,690 over the last three months. 16.66% of the stock is currently owned by corporate insiders.

Coinbase Global Stock Up 6.1%

Shares of Coinbase Global stock opened at $202.99 on Tuesday. The stock has a market capitalization of $53.61 billion, a P/E ratio of 46.24, a PEG ratio of 4.33 and a beta of 3.38. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.40. The stock has a 50 day moving average price of $187.15 and a two-hundred day moving average price of $229.84. Coinbase Global, Inc. has a 12-month low of $139.36 and a 12-month high of $444.64.

Coinbase Global (NASDAQ:COIN) last announced its earnings results 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 the consensus estimate of $1.86 billion. Coinbase Global had a return on equity of 8.68% and a net margin of 17.55%.The firm’s revenue for the quarter was down 21.6% compared to the same quarter last year. During the same period in the previous year, the company earned $4.68 EPS. Equities analysts expect that Coinbase Global, Inc. will post 2.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Citizens Jmp lowered their price target on Coinbase Global from $400.00 to $355.00 and set a “market outperform” rating for the company in a research note on Friday, April 10th. JPMorgan Chase & Co. lowered their price target on Coinbase Global from $399.00 to $290.00 and set an “overweight” rating for the company in a research note on Tuesday, February 10th. Benchmark lowered their price target on Coinbase Global from $421.00 to $267.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Barclays cut Coinbase Global from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $148.00 to $140.00 in a research report on Wednesday, April 8th. Finally, Compass Point decreased their target price on Coinbase Global from $190.00 to $140.00 and set a “sell” rating for the company in a research report on Friday, February 20th. Nineteen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Coinbase Global currently has a consensus rating of “Hold” and an average target price of $262.07.

Trending Headlines about Coinbase Global

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

• Positive Sentiment: U.S. Senate CLARITY Act compromise on stablecoin yield rules reduces regulatory uncertainty for exchanges and stablecoin economics — Coinbase publicly backs the deal, which investors view as removing a major legislative overhang for the industry. Clarity Act Compromise Sparks Crypto Stock Rally; Bitcoin Briefly Tops $80,000
• Positive Sentiment: Bitcoin rally (briefly over $80k) boosts trading volumes and spot flows that benefit Coinbase’s transaction-fee revenue and ancillary products (custody, USDC activity). Bitcoin climbs past $80K for the first time since January
• Positive Sentiment: CEO Brian Armstrong’s public support for the CLARITY Act compromise signals management alignment with policymakers and reduces deal uncertainty, which reassures investors about regulatory navigation. Coinbase CEO Brian Armstrong Says ‘Mark It Up’ After Reported Compromise
• Positive Sentiment: Analyst commentary highlights meaningful upside from current levels (average price targets materially above the stock), which can attract bargain-hunting inflows after prior sell-off. Coinbase Has 26% Upside to Price Targets After 57% Selloff
• Neutral Sentiment: Q1 earnings report due May 7: estimates have been trimmed amid weaker crypto market volumes, creating near-term event risk (could amplify moves either way). Investors are positioning ahead of the print. COIN to Report Q1 Earnings: Buy the Stock Now or Wait for Results?
• Neutral Sentiment: Broad digital-asset equities rally as lawmakers released revised stablecoin text; some gains are sector-wide momentum rather than company-specific fundamentals. CLARITY Act Compromise Propels Digital Asset Shares Higher
• Negative Sentiment: Hut 8 replaced a Coinbase-backed credit facility with a FalconX loan, freeing up BTC collateral and moving business away from Coinbase Credit — a potential hit to Coinbase’s lending/prime revenue if similar counterparties shift. Hut 8 Replaces Coinbase Credit With $200M FalconX Facility
• Negative Sentiment: Underlying fundamentals remain mixed: prior quarters showed revenue and EPS declines amid lower volumes, so regulatory tailwinds and a BTC rally could be offset by weaker subscription/APR growth or disappointing Q1 results. Ahead of Coinbase Global (COIN) Q1 Earnings: Get Ready With Wall Street Estimates

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.