Elevatus Welath Management Invests $2.71 Million in Coinbase Global, Inc. $COIN

Elevatus Welath Management bought a new stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 8,036 shares of the cryptocurrency exchange’s stock, valued at approximately $2,712,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in COIN. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Coinbase Global by 19.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 188,029 shares of the cryptocurrency exchange’s stock worth $63,458,000 after buying an additional 30,989 shares during the last quarter. Financial Life Planners acquired a new stake in shares of Coinbase Global in the third quarter worth $59,000. Mackenzie Financial Corp increased its position in Coinbase Global by 9.4% during the third quarter. Mackenzie Financial Corp now owns 22,423 shares of the cryptocurrency exchange’s stock worth $7,568,000 after acquiring an additional 1,926 shares during the period. Quadrant Capital Group LLC increased its position in Coinbase Global by 5.1% during the third quarter. Quadrant Capital Group LLC now owns 3,301 shares of the cryptocurrency exchange’s stock worth $1,114,000 after acquiring an additional 159 shares during the period. Finally, Capital World Investors acquired a new position in Coinbase Global during the 3rd quarter valued at $54,746,000. Institutional investors and hedge funds own 68.84% of the company’s stock.

Coinbase Global Stock Up 1.1%

NASDAQ COIN opened at $198.67 on Thursday. Coinbase Global, Inc. has a 1-year low of $139.36 and a 1-year high of $444.64. The company has a market capitalization of $52.46 billion, a price-to-earnings ratio of 45.26, a PEG ratio of 3.46 and a beta of 3.70. The stock’s 50 day moving average is $200.02 and its two-hundred day moving average is $266.71. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.40.

Coinbase Global (NASDAQ:COIN) last issued 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 during the quarter, compared to analyst estimates of $1.86 billion. Coinbase Global had a return on equity of 8.68% and a net margin of 17.55%.The company’s quarterly revenue was down 21.6% on a year-over-year basis. During the same period in the previous year, the company posted $4.68 earnings per share. Equities analysts forecast that Coinbase Global, Inc. will post 7.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

COIN has been the subject of a number of research reports. BTIG Research reduced 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. Sanford C. Bernstein restated an “outperform” rating and set a $440.00 price objective on shares of Coinbase Global in a report on Tuesday, January 6th. Compass Point reduced their target price on shares of Coinbase Global from $190.00 to $140.00 and set a “sell” rating for the company in a research note on Friday, February 20th. HC Wainwright decreased their target price on Coinbase Global from $425.00 to $350.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. Finally, China Renaissance lowered their price target on Coinbase Global from $301.50 to $223.20 and set a “buy” rating on the stock in a research note on Monday, February 23rd. Nineteen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned 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 target price of $270.51.

Insiders Place Their Bets

In other Coinbase Global news, CEO Brian Armstrong sold 40,000 shares of Coinbase Global stock in a transaction on Monday, January 5th. The stock was sold at an average price of $248.96, for a total transaction of $9,958,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frederick Ernest Ehrsam III sold 2,750 shares of the business’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $260.09, for a total transaction of $715,247.50. The SEC filing for this sale provides additional information. Insiders sold 476,920 shares of company stock worth $84,194,452 over the last three months. 16.56% of the stock is currently owned by corporate insiders.

Coinbase Global News Summary

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

• Positive Sentiment: Coinbase launched “Agentic Wallets” for AI agents and highlighted rising volume in machine-driven crypto payments — a potential long-term growth driver for transaction and custody revenue. AI Agents Set to Dominate Crypto Payments: Armstrong and CZ Weigh In
• Positive Sentiment: A large on-chain player (Bitmine) moved ~$19.5M of ETH into Coinbase Prime — signaling continued institutional activity and custody usage on Coinbase’s platform. That can support trading/custody volumes and fees. Bitmine (BMNR) Transfers $19.5M in ETH to Coinbase Prime Following Massive Accumulation Spree
• Neutral Sentiment: Coinbase’s Chief Policy Officer published recommendations on stablecoin regulation — constructive for shaping future rules but regulatory outcomes remain uncertain and timing is unclear. Coinbase CPO Lists 5 Critical Errors US Congress Should Avoid In Stablecoin Regulation
• Neutral Sentiment: CEO Brian Armstrong reiterated bullish long-term views on Bitcoin (and commented on supply dynamics), which supports Coinbase’s core market narrative but doesn’t change near-term revenue/earnings trajectory. Brian Armstrong Says Mining Next 1 Million Bitcoin Will Take Over 100 Years, Coinbase CEO Hails BTC As ‘Decentralized, Inflation-Proof’
• Neutral Sentiment: Several retail/analysis pieces (Zacks, Yahoo) are re-examining whether COIN is a buy given its high multiple and watchlist interest; these discuss stock interest but do not provide new fundamental catalysts. COIN Lags Industry YTD, Trades at Premium: What Should Investors Do?
• Neutral Sentiment: Short-interest notices in the feed show inconsistent/zero values (NaN/0 shares) — data appears unreliable and doesn’t signal a clear short squeeze or build as reported. (Feed entries dated March 10–11.)
• Negative Sentiment: Analysts and articles note COIN is trailing the industry year-to-date and trading at a premium amid falling earnings estimates — this valuation and earnings risk is weighing on investor sentiment. COIN Lags Industry YTD, Trades at Premium: What Should Investors Do?
• Negative Sentiment: High-profile commentators (Jim Cramer) suggested investors might prefer buying bitcoin directly rather than COIN, which can divert capital away from the stock even as crypto adoption rises. Jim Cramer on Coinbase Global: “What I Would Suggest You Do Is Just Buy Bitcoin, It’s Cleaner”

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.