Coinbase Global, Inc. (NASDAQ:COIN) Shares Purchased by Fountainhead AM LLC

Fountainhead AM LLC boosted its position in Coinbase Global, Inc. (NASDAQ:COIN) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,957 shares of the cryptocurrency exchange’s stock after acquiring an additional 81 shares during the quarter. Fountainhead AM LLC’s holdings in Coinbase Global were worth $688,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in COIN. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Coinbase Global by 0.6% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,726 shares of the cryptocurrency exchange’s stock valued at $2,561,000 after purchasing an additional 81 shares during the period. Arkadios Wealth Advisors raised its position in Coinbase Global by 2.6% in the fourth quarter. Arkadios Wealth Advisors now owns 3,395 shares of the cryptocurrency exchange’s stock valued at $590,000 after purchasing an additional 86 shares during the period. Stratos Wealth Partners LTD. raised its position in Coinbase Global by 2.4% in the fourth quarter. Stratos Wealth Partners LTD. now owns 3,849 shares of the cryptocurrency exchange’s stock valued at $669,000 after purchasing an additional 90 shares during the period. Larson Financial Group LLC raised its position in Coinbase Global by 34.5% in the fourth quarter. Larson Financial Group LLC now owns 351 shares of the cryptocurrency exchange’s stock valued at $61,000 after purchasing an additional 90 shares during the period. Finally, Harbor Investment Advisory LLC raised its position in Coinbase Global by 68.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 247 shares of the cryptocurrency exchange’s stock valued at $43,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 68.84% of the company’s stock.

Insider Transactions at Coinbase Global

In other news, CAO Jennifer N. Jones sold 1,624 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $168.75, for a total transaction of $274,050.00. Following the completion of the transaction, the chief accounting officer now directly owns 29,236 shares in the company, valued at $4,933,575. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Alesia J. Haas sold 64,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $228.45, for a total transaction of $14,620,800.00. Following the sale, the chief financial officer now owns 219,490 shares of the company’s stock, valued at $50,142,490.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Jennifer N. Jones sold 1,624 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $168.75, for a total value of $274,050.00. Following the sale, the chief accounting officer now directly owns 29,236 shares in the company, valued at approximately $4,933,575. The disclosure for this sale can be found here. Over the last three months, insiders sold 607,358 shares of company stock worth $106,945,156. Company insiders own 33.16% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on COIN shares. Sanford C. Bernstein raised their price objective on Coinbase Global from $80.00 to $200.00 and gave the company a “market perform” rating in a research report on Thursday, April 18th. Oppenheimer lifted their target price on Coinbase Global from $200.00 to $276.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. HC Wainwright lifted their target price on Coinbase Global from $115.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Wedbush lifted their target price on Coinbase Global from $180.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Finally, Raymond James raised Coinbase Global from an “underperform” rating to a “market perform” rating in a research report on Tuesday, March 12th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $165.43.

Coinbase Global Stock Performance

COIN stock traded up $10.57 during midday trading on Tuesday, reaching $236.43. The company had a trading volume of 7,283,624 shares, compared to its average volume of 13,764,534. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.47. The stock has a 50 day moving average price of $228.18 and a 200 day moving average price of $158.91. Coinbase Global, Inc. has a fifty-two week low of $46.43 and a fifty-two week high of $283.48. The firm has a market capitalization of $57.28 billion, a PE ratio of 875.67 and a beta of 3.41.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings data on Thursday, February 15th. The cryptocurrency exchange reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $1.13. The business had revenue of $953.80 million during the quarter, compared to the consensus estimate of $826.10 million. Coinbase Global had a return on equity of 3.54% and a net margin of 3.05%. The business’s revenue was up 51.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($2.46) earnings per share. Analysts anticipate that Coinbase Global, Inc. will post 2.43 earnings per share for the current year.

Coinbase Global Profile

Coinbase Global, Inc provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions.