5,000 Shares of Coinbase Global, Inc. $COIN Purchased by REX Advisers LLC

REX Advisers LLC purchased a new stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,000 shares of the cryptocurrency exchange’s stock, valued at approximately $950,000. Coinbase Global comprises about 4.2% of REX Advisers LLC’s holdings, making the stock its 6th biggest position.

A number of other institutional investors have also modified their holdings of the company. Fulton Bank N.A. raised its stake in shares of Coinbase Global by 1.1% during the 1st quarter. Fulton Bank N.A. now owns 4,942 shares of the cryptocurrency exchange’s stock worth $863,000 after acquiring an additional 53 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its stake in Coinbase Global by 2.1% in the second quarter. Wealthcare Advisory Partners LLC now owns 3,381 shares of the cryptocurrency exchange’s stock valued at $494,000 after acquiring an additional 69 shares in the last quarter. Aspen Grove Capital LLC grew its holdings in Coinbase Global by 2.1% in the first quarter. Aspen Grove Capital LLC now owns 3,439 shares of the cryptocurrency exchange’s stock worth $600,000 after purchasing an additional 71 shares during the last quarter. Sage Rhino Capital LLC increased its position in shares of Coinbase Global by 0.4% during the first quarter. Sage Rhino Capital LLC now owns 17,059 shares of the cryptocurrency exchange’s stock worth $2,979,000 after purchasing an additional 74 shares in the last quarter. Finally, Glen Eagle Advisors LLC increased its position in shares of Coinbase Global by 101.1% during the first quarter. Glen Eagle Advisors LLC now owns 175 shares of the cryptocurrency exchange’s stock worth $31,000 after purchasing an additional 88 shares in the last quarter. 68.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Coinbase Global

In other Coinbase Global news, CAO Jennifer N. Jones sold 2,062 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $188.75, for a total value of $389,202.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick R. Wilson sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $178.93, for a total value of $1,789,300.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 127,188 shares of company stock valued at $23,029,558 over the last quarter. Insiders own 16.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on COIN. Compass Point raised Coinbase Global from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $130.00 to $177.00 in a research report on Monday, September 14th. The Goldman Sachs Group reiterated a “buy” rating and issued a $244.00 price target on shares of Coinbase Global in a research note on Wednesday. Citizens Jmp lowered their price target on Coinbase Global from $355.00 to $325.00 and set a “market outperform” rating for the company in a report on Thursday, July 9th. Oppenheimer dropped their price target on Coinbase Global from $209.00 to $193.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $330.00 price objective on shares of Coinbase Global in a research report on Friday, July 31st. Twenty research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $225.44.

Key Coinbase Global News

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

• Positive Sentiment: Derivatives expansion: Coinbase completed its Deribit integration, giving eligible U.S. customers access to global options and perpetual-futures liquidity through its regulated platform. Coinbase also plans to revive the Coinbase Pro brand by year-end with spot, derivatives, margin and equities trading, potentially increasing trading volume and fee revenue. Coinbase brings global crypto derivatives liquidity to US with Deribit integration
• Positive Sentiment: USDC and payments growth: Samsung plans to add Coinbase-backed USDC wallet functionality for U.S. Galaxy users later this month. Wider stablecoin distribution could strengthen Coinbase’s recurring revenue opportunities across payments, custody and its Base network. Samsung Brings USDC to Galaxy Wallet Users in US With Coinbase-Backed Launch
• Positive Sentiment: Analyst support: BTIG reiterated its Buy rating and $240 price target, citing strengthening fundamentals and Coinbase’s diversification beyond spot crypto trading. BTIG reiterates Buy rating on Coinbase
• Neutral Sentiment: Government Bitcoin transfers: U.S. agencies moved roughly $1.87 billion of seized Bitcoin, including transfers to Coinbase Prime. The movements may generate custody or execution activity, but no confirmed sale has been reported, limiting the immediate revenue and supply implications. US government moves $1B in seized Bitcoin
• Positive Sentiment: Regulatory tailwind in Illinois: A federal judge blocked Illinois from enforcing certain sports-wagering restrictions against Kalshi and Coinbase, although related fees remain unresolved. Kalshi receives partial Illinois court win
• Negative Sentiment: Michigan pullback: Coinbase will discontinue sports prediction markets for Michigan customers after the state attorney general increased pressure to bring sports betting platforms into compliance. The move highlights continuing regulatory risk for Coinbase’s newer prediction-market business. Coinbase users in Michigan lose sports markets
• Negative Sentiment: Crypto-market weakness: Bitcoin and other crypto-linked equities have recently sold off amid a broader “perfect storm” of market and digital-asset headwinds, weighing on Coinbase’s transaction-driven outlook. Coinbase and Robinhood stocks fall as crypto rally weakens

Coinbase Global Stock Performance

Coinbase Global stock traded down $6.45 during trading hours on Thursday, hitting $172.00. 11,027,516 shares of the stock traded hands, compared to its average volume of 10,201,860. The firm’s 50 day moving average price is $174.50 and its 200-day moving average price is $175.31. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.42 and a quick ratio of 2.42. The stock has a market capitalization of $45.38 billion, a price-to-earnings ratio of -44.79 and a beta of 3.41. Coinbase Global, Inc. has a 1 year low of $139.11 and a 1 year high of $402.16.

Coinbase Global (NASDAQ:COIN) last released its earnings results on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.92). Coinbase Global had a positive return on equity of 3.12% and a negative net margin of 15.72%.The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the firm earned $5.14 EPS. The company’s revenue for the quarter was down 18.5% compared to the same quarter last year. As a group, equities analysts expect that Coinbase Global, Inc. will post -0.48 EPS for the current fiscal year.

Coinbase Global Company Profile

Coinbase Global, Inc operates a digital-asset platform that enables individuals, businesses and institutions to buy, sell, store and use cryptocurrencies. Its services include a cryptocurrency exchange, digital-asset custody, staking and related trading products, as well as tools designed to support institutional participation in the crypto economy.

The company also offers Coinbase Wallet, a self-custody wallet that allows users to manage digital assets and interact with decentralized applications.