IFP Advisors Inc Purchases New Stake in Coinbase Global, Inc. $COIN

IFP Advisors Inc acquired a new position in shares of Coinbase Global, Inc. (NASDAQ:COIN) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,989 shares of the cryptocurrency exchange’s stock, valued at approximately $2,698,000.

Several other hedge funds have also recently bought and sold shares of COIN. Swiss Life Asset Management Ltd lifted its holdings in shares of Coinbase Global by 6.8% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 21,189 shares of the cryptocurrency exchange’s stock worth $7,151,000 after acquiring an additional 1,341 shares during the period. Strategic Advocates LLC bought a new position in Coinbase Global in the third quarter valued at approximately $156,000. KERR FINANCIAL PLANNING Corp acquired a new position in Coinbase Global during the third quarter valued at approximately $370,000. CIBC Private Wealth Group LLC raised its position in Coinbase Global by 20.0% during the third quarter. CIBC Private Wealth Group LLC now owns 1,319 shares of the cryptocurrency exchange’s stock valued at $445,000 after purchasing an additional 220 shares in the last quarter. Finally, CIBC Bancorp USA Inc. bought a new stake in Coinbase Global during the third quarter worth $10,224,000. 68.84% of the stock is owned by institutional investors.

Key Coinbase Global News

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

• Positive Sentiment: Expansion of derivatives and 24/7 market access — Coinbase rolled out stock perpetual futures for non‑U.S. users, widening its derivatives product suite and creating a new, always‑on revenue stream for international customers. Coinbase launches 24/7 stock perps for non-US traders
• Positive Sentiment: Tokenized fund & asset management expansion — Coinbase Asset Management and Apex launched a tokenized Bitcoin Yield Fund on Base, demonstrating new product distribution and fee opportunities for institutional customers. Coinbase, Apex tokenize Bitcoin Yield Fund on Base
• Positive Sentiment: Partnership & expansion chatter — Reports of a potential large‑scale tie‑up with Bybit and new Chainlink CCIP selection for asset transfers signal distribution and infrastructure wins that could materially scale Coinbase’s derivatives and cross‑chain flows. Coinbase to Boost Global Expansion With Bybit Partnership? Coinbase Selects Chainlink CCIP
• Positive Sentiment: Analyst support — Rothschild & Co Redburn raised its price target on COIN, signaling constructive sell‑side views that can buoy investor sentiment. Rothschild & Co Redburn adjusts PT on Coinbase
• Neutral Sentiment: Insider sale disclosed — CFO Alesia Haas sold ~9,950 shares (~$2.0M); the sale is small relative to her holdings and can be routine liquidity rather than a signal of company weakness. SEC Form 4
• Neutral Sentiment: Industry tailwinds — A Coinbase survey showed rising institutional appetite for crypto (73% plan to increase exposure), which supports longer‑term revenue potential even if flows are variable. 73% of Institutional Investors Plan to Increase Crypto Holdings
• Negative Sentiment: Security and phishing concerns — A Coinbase‑linked Commerce page was reported to prompt users for seed phrases, raising user‑security and reputational risk that can dent retail trust and platform usage. Coinbase subdomain seed phrase security concern
• Negative Sentiment: Malware and wallet attacks — Reports of iOS‑targeting DarkSword malware affecting crypto wallets (including Coinbase) amplify security worries and could reduce retail activity. DarkSword Malware Strikes iOS
• Negative Sentiment: Competitive & macro/crypto headwinds — Missed inorganic opportunities (BVNK → Mastercard) and a possible Bitcoin pullback or “bull trap” heighten short‑term revenue risk for Coinbase, and some outlets have flagged the stock in negative screens (e.g., Zacks). Mastercard Acquires BVNK Bitcoin bull trap warning Zacks: COIN vs GOLD

Insider Buying and Selling at Coinbase Global

In other news, CEO Brian Armstrong sold 40,000 shares of the firm’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $248.96, for a total transaction of $9,958,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Alesia J. Haas sold 364,600 shares of Coinbase Global 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 transaction, the chief financial officer owned 402,165 shares in the company, valued at approximately $62,315,466.75. This trade represents a 47.55% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 478,120 shares of company stock worth $83,884,750. 16.56% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Rosenblatt Securities reduced their target price on Coinbase Global from $325.00 to $240.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Barclays lowered their price target on Coinbase Global from $258.00 to $148.00 and set an “equal weight” rating for the company in a report on Friday, February 13th. Rothschild & Co Redburn raised their price objective on Coinbase Global from $277.00 to $281.00 and gave the company a “buy” rating in a research note on Friday. Canaccord Genuity Group decreased their target price on Coinbase Global from $400.00 to $300.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Finally, Robert W. Baird boosted their target price on Coinbase Global from $165.00 to $215.00 and gave the stock a “neutral” rating in a research note on Tuesday. Nineteen investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Coinbase Global presently has an average rating of “Hold” and a consensus price target of $272.31.

Coinbase Global Stock Performance

NASDAQ:COIN opened at $197.50 on Friday. The stock’s 50-day moving average is $194.11 and its 200-day moving average is $261.83. Coinbase Global, Inc. has a 1-year low of $139.36 and a 1-year high of $444.64. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.40. The stock has a market cap of $52.16 billion, a P/E ratio of 44.99, a price-to-earnings-growth ratio of 3.57 and a beta of 3.70.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings data 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). 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 during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the business earned $4.68 EPS. The firm’s quarterly revenue was down 21.6% compared to the same quarter last year. Equities research analysts anticipate that Coinbase Global, Inc. will post 7.22 earnings per share for the current year.

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.