Rafferty Asset Management LLC Has $26.30 Million Stock Holdings in Coinbase Global, Inc. $COIN

Rafferty Asset Management LLC grew its stake in Coinbase Global, Inc. (NASDAQ:COIN) by 9.9% during the third quarter, HoldingsChannel.com reports. The firm owned 77,917 shares of the cryptocurrency exchange’s stock after buying an additional 7,017 shares during the period. Rafferty Asset Management LLC’s holdings in Coinbase Global were worth $26,296,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. REAP Financial Group LLC bought a new stake in Coinbase Global in the third quarter valued at about $25,000. Evelyn Partners Investment Management Europe Ltd grew its position in shares of Coinbase Global by 92.3% during the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 75 shares of the cryptocurrency exchange’s stock worth $29,000 after buying an additional 36 shares during the period. Salomon & Ludwin LLC increased its stake in shares of Coinbase Global by 4,400.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 90 shares of the cryptocurrency exchange’s stock valued at $30,000 after acquiring an additional 88 shares during the last quarter. Financial Gravity Companies Inc. acquired a new stake in shares of Coinbase Global in the 2nd quarter valued at approximately $34,000. Finally, Fourth Dimension Wealth LLC raised its position in shares of Coinbase Global by 300.0% in the 2nd quarter. Fourth Dimension Wealth LLC now owns 100 shares of the cryptocurrency exchange’s stock valued at $35,000 after acquiring an additional 75 shares during the period. 68.84% of the stock is currently owned by institutional investors.

Insider Activity

In other Coinbase Global 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 sale, the chief financial officer directly owned 402,165 shares in the company, valued at approximately $62,315,466.75. The trade was a 47.55% decrease in their position. 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. The SEC filing for this sale provides additional information. Insiders have sold 513,775 shares of company stock worth $95,046,092 over the last ninety days. Insiders own 16.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on COIN shares. Raymond James Financial restated a “market perform” rating on shares of Coinbase Global in a report on Thursday, January 8th. Rothschild & Co Redburn decreased their price target on shares of Coinbase Global from $403.00 to $288.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. Rosenblatt Securities lowered their price objective on shares of Coinbase Global from $325.00 to $240.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Needham & Company LLC reduced their target price on Coinbase Global from $290.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Finally, Erste Group Bank cut Coinbase Global from a “buy” rating to a “hold” rating in a research note on Thursday, November 20th. Nineteen investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $270.67.

Coinbase Global Stock Down 2.9%

COIN stock opened at $175.85 on Friday. 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 capitalization of $46.44 billion, a P/E ratio of 40.06, a P/E/G ratio of 2.52 and a beta of 3.70. The business has a 50-day moving average of $206.50 and a 200-day moving average of $273.30. 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 announced 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 firm had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.86 billion. Coinbase Global had a net margin of 17.55% and a return on equity of 8.68%. The firm’s quarterly revenue was down 21.6% compared to the same quarter last year. During the same period in the prior year, the business posted $4.68 EPS. On average, sell-side analysts anticipate that Coinbase Global, Inc. will post 7.22 earnings per share for the current fiscal year.

More Coinbase Global News

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

• Positive Sentiment: Coinbase launched U.S. stock and ETF trading as part of its “Everything Exchange” push, expanding product scope and offering 24/5 equities access — a strategic move to reduce dependence on crypto-only revenue. Coinbase Expands Into Stocks — Yahoo
• Positive Sentiment: Apex Fintech Solutions will power the stock-trading infrastructure for Coinbase’s Everything Exchange, supporting the operational rollout and scaling of equities trading. Apex Fintech Powers Coinbase Infrastructure — MarketWatch
• Positive Sentiment: Institutional interest: Aristotle Funds’ Core Equity Fund added COIN, signaling professional investor conviction in Coinbase’s growth trajectory beyond spot crypto trading. Aristotle Adds Coinbase — InsiderMonkey
• Neutral Sentiment: Zacks published coverage pieces comparing Coinbase to Nasdaq and flagging investor interest; useful context but not a direct catalyst. Coinbase vs Nasdaq — Zacks
• Neutral Sentiment: Coinbase will participate in the Morgan Stanley TMT conference — visibility with institutional investors but not an immediate earnings driver. Morgan Stanley Conference — TMCNet
• Neutral Sentiment: Short-interest report in the public feed shows anomalous/zero data for Feb — appears to be a data artifact and not actionable.
• Negative Sentiment: Crypto spot volumes have fallen to 2024 lows, reducing fee-generating trading activity that drives much of Coinbase’s near-term revenue. This market-wide liquidity decline pressures top-line results. Bitcoin Spot Volumes Sink — NewsBTC
• Negative Sentiment: President Capital trimmed its price target sharply (from $472 to $236), signaling reduced near-term upside in street models despite keeping a Buy rating — contributes to downward pressure on sentiment. Price Target Cut — MarketScreener
• Negative Sentiment: Recent quarterly results missed estimates (Q4 revenue and EPS below consensus), highlighting revenue sensitivity to crypto volumes and keeping analysts cautious. Earnings Miss — MarketBeat

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.