Intech Investment Management LLC Acquires 5,423 Shares of Coinbase Global, Inc. $COIN

Intech Investment Management LLC increased its stake in Coinbase Global, Inc. (NASDAQ:COIN) by 10.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,822 shares of the cryptocurrency exchange’s stock after purchasing an additional 5,423 shares during the period. Intech Investment Management LLC’s holdings in Coinbase Global were worth $20,189,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Bessemer Group Inc. boosted its position in Coinbase Global by 672.2% during the second quarter. Bessemer Group Inc. now owns 1,166 shares of the cryptocurrency exchange’s stock valued at $408,000 after buying an additional 1,015 shares during the period. SP Asset Management LLC purchased a new position in shares of Coinbase Global in the second quarter worth about $360,000. Vanguard Group Inc. lifted its stake in shares of Coinbase Global by 8.3% in the 3rd quarter. Vanguard Group Inc. now owns 26,216,793 shares of the cryptocurrency exchange’s stock valued at $8,847,905,000 after acquiring an additional 2,007,930 shares during the last quarter. New York Life Investment Management LLC boosted its holdings in Coinbase Global by 890.8% during the 2nd quarter. New York Life Investment Management LLC now owns 31,479 shares of the cryptocurrency exchange’s stock valued at $11,033,000 after acquiring an additional 28,302 shares during the period. Finally, Atria Investments Inc purchased a new stake in Coinbase Global during the 2nd quarter valued at about $1,137,000. 68.84% of the stock is currently owned by institutional investors.

Insider Activity at Coinbase Global

In related news, CFO Alesia J. Haas sold 364,600 shares of the 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 sale, the chief financial officer owned 402,165 shares in the company, valued at approximately $62,315,466.75. This represents a 47.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian Armstrong sold 40,000 shares of the firm’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $273.86, for a total value of $10,954,400.00. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 513,775 shares of company stock valued at $95,046,092. Insiders own 16.56% of the company’s stock.

Coinbase Global Trading Up 13.5%

Shares of COIN opened at $183.94 on Thursday. The stock has a market capitalization of $48.57 billion, a PE ratio of 41.90, a P/E/G ratio of 2.33 and a beta of 3.70. The company’s fifty day moving average is $209.04 and its 200 day moving average is $275.30. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.34 and a current ratio of 2.34. Coinbase Global, Inc. has a fifty-two week low of $139.36 and a fifty-two week high of $444.64.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings data on Thursday, February 12th. The cryptocurrency exchange reported $0.66 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.17). Coinbase Global had a net margin of 17.55% and a return on equity of 8.68%. The business had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the business earned $4.68 EPS. Coinbase Global’s revenue for the quarter was down 21.6% compared to the same quarter last year. Sell-side analysts expect that Coinbase Global, Inc. will post 7.22 earnings per share for the current fiscal year.

Coinbase Global News Roundup

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

• Positive Sentiment: Major product launch — Coinbase opened U.S. stock and ETF trading (24 hours a day, five days a week), with 6k–8k+ securities, fractional shares, instant funding and USD/USDC rails. This broadens revenue opportunities, increases user engagement, and positions COIN to compete with retail brokers. Read More.
• Positive Sentiment: “Everything Exchange” narrative reinforced — multiple outlets frame the stock trading rollout as a game‑changer that expands Coinbase from crypto-only into multi-asset retail execution and custody, a strategic pivot that could lift lifetime value per user and diversify fee streams. Read More.
• Positive Sentiment: Stablecoin revenue upside — Bloomberg Intelligence estimates Coinbase’s USDC-related revenue could rise materially (2x–7x) if USDC adoption in payments accelerates, highlighting a high‑margin revenue line beyond trading fees. That expansion thesis supports longer-term earnings upside. Read More.
• Positive Sentiment: Crypto market tailwinds — a fresh leg higher in Bitcoin improved sentiment and helped COIN shares; positive crypto price action typically boosts exchange volumes and fee revenue. Read More.
• Neutral Sentiment: Market structure & trading playbook — Coinbase published BTC price-level guidance (key zones near $60k and $82k) that traders will use to time activity; useful for forecasting future volume but not an immediate revenue driver. Read More.
• Neutral Sentiment: Coinbase Credit activity — the exchange is extending institutional-style services (example: $30M facility to Smarter Web), showing product depth but limited near-term P&L impact relative to trading revenues. Read More.
• Negative Sentiment: Analyst pushback / price-target cut — China Renaissance lowered COIN’s price target to $223.20, signaling continued analyst caution and reminding investors that multiple quarters of muted trading volumes and profit variability still pose valuation risk. Read More.
• Neutral Sentiment: Mixed market signals — a short-interest update in late February contained anomalous zero values and is not currently a clear headwind; watch official short-interest releases for cleaner signals on positioning.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on COIN. Zacks Research cut Coinbase Global from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. UBS Group set a $264.00 target price on shares of Coinbase Global in a report on Friday, February 13th. B. Riley Financial lifted their target price on shares of Coinbase Global from $185.00 to $243.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd. BTIG Research lowered their price target on shares of Coinbase Global from $340.00 to $280.00 and set a “buy” rating for the company in a report on Friday, February 13th. Finally, Rothschild & Co Redburn cut their price target on shares of Coinbase Global from $403.00 to $288.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Nineteen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Coinbase Global presently has an average rating of “Hold” and an average price target of $278.54.

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.