Coinbase Global, Inc. $COIN Shares Sold by NZS Capital LLC

NZS Capital LLC decreased its position in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 13.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 84,337 shares of the cryptocurrency exchange’s stock after selling 13,578 shares during the quarter. NZS Capital LLC’s holdings in Coinbase Global were worth $28,463,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Integrated Wealth Concepts LLC raised its holdings in shares of Coinbase Global by 24.2% in the first 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 during the last quarter. Empowered Funds LLC grew its position in Coinbase Global by 25.8% during the first quarter. Empowered Funds LLC now owns 8,581 shares of the cryptocurrency exchange’s stock worth $1,478,000 after buying an additional 1,761 shares during the period. Focus Partners Wealth lifted its holdings in shares of Coinbase Global by 9.9% in the first quarter. Focus Partners Wealth now owns 5,202 shares of the cryptocurrency exchange’s stock valued at $896,000 after purchasing an additional 467 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Coinbase Global during the 2nd quarter valued at $285,000. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Coinbase Global by 18.0% in the second quarter. Envestnet Asset Management Inc. now owns 60,692 shares of the cryptocurrency exchange’s stock worth $21,272,000 after acquiring an additional 9,245 shares during the last quarter. Institutional investors and hedge funds own 68.84% of the company’s stock.

Analysts Set New Price Targets

COIN has been the subject of a number of recent research reports. Piper Sandler lowered their price target on shares of Coinbase Global from $270.00 to $150.00 and set a “neutral” rating for the company in a report on Friday, February 13th. Barclays dropped their price objective on shares of Coinbase Global from $258.00 to $148.00 and set an “equal weight” rating for the company in a research note on Friday, February 13th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $440.00 price target on shares of Coinbase Global in a report on Tuesday, January 6th. Oppenheimer lowered their price target on Coinbase Global from $381.00 to $370.00 and set an “outperform” rating for the company in a research report on Monday, January 12th. Finally, China Renaissance cut their price target on shares of Coinbase Global from $301.50 to $223.20 and set a “buy” rating on the stock in a report on Monday, February 23rd. Nineteen equities 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. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $270.67.

Key Coinbase Global News

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

• Positive Sentiment: Bermuda partnership and pilot approach — Bermuda’s plan to test a fully on‑chain economy includes support from Circle and Coinbase, signaling potential government-level pilot use cases and regulatory collaboration that could expand institutional demand. Article Title
• Positive Sentiment: cbBTC bridge to Monad increases liquidity — Chainlink-enabled transfers of Coinbase’s wrapped Bitcoin (cbBTC) to Monad could unlock >$5B of Bitcoin-backed liquidity into new DeFi markets, improving demand for Coinbase custody/wrapping services. Article Title
• Positive Sentiment: Index inclusion expands distribution — The Virtune Coinbase 50 Index ETP added five assets (now 26 total), reflecting continued use of Coinbase data/indexes in product wrappers that can indirectly boost custody/market-data revenue. Article Title
• Positive Sentiment: Analyst optimism and buy ratings — Multiple recent buy ratings and a median 6‑month price target around $285 suggest Wall Street sees upside vs. current levels, providing potential support if execution improves. Article Title
• Neutral Sentiment: Bitcoin market technicals are stabilizing — Analysts note slowing downside momentum and tightening volatility in BTC, which may reduce extreme volume swings but doesn’t yet confirm a sustained bull turn; this is a mixed signal for exchange volumes. Article Title
• Neutral Sentiment: Short‑interest data appears anomalous — Recent short‑interest entries report zero shares/NaN changes, likely a reporting artifact; no clear signal of a rising short squeeze or large build from these feeds.
• Neutral Sentiment: Institutional flows mixed — Some large institutions trimmed positions while others (including A16Z, Capital World, BlackRock) added shares, indicating divergent macro and conviction-based positioning rather than a one-sided institutional trend. Article Title
• Negative Sentiment: Regulatory/compliance risk highlighted by Jamie Dimon — JPMorgan’s CEO argued crypto firms paying stablecoin interest should face bank-like rules, increasing the risk of stricter regulation that could raise Coinbase’s compliance costs or limit product offerings. Article Title
• Negative Sentiment: Product execution headwind — CEO Brian Armstrong acknowledged the Base App’s SocialFi push “fell short” and the product is being refocused toward trading/self‑custody, signaling the firm is retrenching in areas that didn’t drive engagement as expected. Article Title
• Negative Sentiment: Earnings and trading weakness remain a drag — Recent quarterly results showed a revenue and EPS miss and materially lower trading revenue year‑over‑year, a principal reason for weaker share performance earlier this year. Article Title
• Negative Sentiment: Heavy insider selling — Public filings show extensive insider sales in recent months, which can weigh on investor sentiment even if sales are pre‑planned or for diversification. Article Title

Coinbase Global Stock Performance

NASDAQ:COIN opened at $182.36 on Wednesday. The firm has a 50-day moving average of $204.04 and a two-hundred day moving average of $270.99. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.34 and a quick ratio of 2.34. The stock has a market cap of $48.16 billion, a P/E ratio of 41.54, a PEG ratio of 2.66 and a beta of 3.70. Coinbase Global, Inc. has a 1-year low of $139.36 and a 1-year high of $444.64.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings data on Thursday, February 12th. The cryptocurrency exchange reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates 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. On average, research analysts expect that Coinbase Global, Inc. will post 7.22 earnings per share for the current fiscal year.

Insider Transactions at Coinbase Global

In related news, CFO Alesia J. Haas sold 364,600 shares of Coinbase Global stock in a transaction on Friday, February 6th. The shares were sold at an average price of $154.95, for a total value of $56,494,770.00. Following the completion of the sale, 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 is accessible through this link. Also, Director Frederick Ernest Ehrsam III sold 1,375 shares of the business’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $250.27, for a total transaction of $344,121.25. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 513,775 shares of company stock valued at $95,046,092. 16.56% of the stock is currently owned by corporate insiders.

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.