Emerald Advisers LLC Makes New $238,000 Investment in Coinbase Global, Inc. (NASDAQ:COIN)

Emerald Advisers LLC 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 & Exchange Commission. The firm acquired 1,334 shares of the cryptocurrency exchange’s stock, valued at approximately $238,000.

A number of other institutional investors also recently modified their holdings of COIN. Crewe Advisors LLC raised its position in Coinbase Global by 547.4% in the 2nd quarter. Crewe Advisors LLC now owns 123 shares of the cryptocurrency exchange’s stock valued at $27,000 after purchasing an additional 104 shares during the last quarter. Lynx Investment Advisory bought a new position in shares of Coinbase Global in the second quarter valued at about $29,000. Geneos Wealth Management Inc. lifted its position in Coinbase Global by 833.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 112 shares of the cryptocurrency exchange’s stock worth $30,000 after buying an additional 100 shares in the last quarter. Versant Capital Management Inc grew its holdings in Coinbase Global by 75.0% during the 2nd quarter. Versant Capital Management Inc now owns 133 shares of the cryptocurrency exchange’s stock worth $30,000 after acquiring an additional 57 shares during the last quarter. Finally, ORG Wealth Partners LLC acquired a new stake in Coinbase Global in the 3rd quarter valued at about $32,000. Institutional investors own 68.84% of the company’s stock.

Coinbase Global Stock Up 2.0 %

NASDAQ:COIN opened at $182.88 on Monday. Coinbase Global, Inc. has a 1 year low of $80.81 and a 1 year high of $283.48. The stock has a 50-day moving average price of $180.98 and a two-hundred day moving average price of $208.62. The stock has a market cap of $45.44 billion, a price-to-earnings ratio of 31.21 and a beta of 3.33. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.48.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings data on Wednesday, October 30th. The cryptocurrency exchange reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.13). Coinbase Global had a net margin of 29.76% and a return on equity of 14.81%. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the firm earned ($0.01) EPS. The company’s revenue for the quarter was up 78.8% on a year-over-year basis. As a group, equities analysts expect that Coinbase Global, Inc. will post 4.02 earnings per share for the current year.

Insider Activity

In related news, insider Paul Grewal sold 10,000 shares of the firm’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $209.98, for a total transaction of $2,099,800.00. Following the sale, the insider now directly owns 74,956 shares in the company, valued at $15,739,260.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Coinbase Global news, Director Gokul Rajaram sold 400 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $204.44, for a total value of $81,776.00. Following the sale, the director now owns 7,771 shares in the company, valued at approximately $1,588,703.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Paul Grewal sold 10,000 shares of Coinbase Global stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $209.98, for a total transaction of $2,099,800.00. Following the completion of the sale, the insider now owns 74,956 shares in the company, valued at $15,739,260.88. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 79,687 shares of company stock worth $14,908,594 over the last quarter. 23.43% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group reduced their target price on shares of Coinbase Global from $255.00 to $215.00 and set a “neutral” rating on the stock in a research report on Thursday, July 11th. Mizuho lifted their target price on Coinbase Global from $160.00 to $178.00 and gave the company an “underperform” rating in a research note on Thursday. Needham & Company LLC upped their price target on Coinbase Global from $260.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday. Compass Point lowered their price objective on Coinbase Global from $325.00 to $295.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Finally, Barclays upped their target price on shares of Coinbase Global from $175.00 to $204.00 and gave the company an “equal weight” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $246.28.

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.