Morse Asset Management Inc Raises Stock Position in Coinbase Global, Inc. $COIN

Morse Asset Management Inc grew its stake in Coinbase Global, Inc. (NASDAQ:COIN) by 190.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,586 shares of the cryptocurrency exchange’s stock after buying an additional 4,320 shares during the period. Morse Asset Management Inc’s holdings in Coinbase Global were worth $2,223,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. REAP Financial Group LLC acquired a new position in Coinbase Global in the third quarter valued at $25,000. Evelyn Partners Investment Management Europe Ltd increased its position in shares of Coinbase Global by 92.3% during the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 75 shares of the cryptocurrency exchange’s stock worth $29,000 after purchasing an additional 36 shares in the last quarter. Salomon & Ludwin LLC lifted its holdings 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 purchasing an additional 88 shares during the last quarter. Financial Gravity Companies Inc. purchased a new stake in shares of Coinbase Global in the 2nd quarter valued at about $34,000. Finally, Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Coinbase Global in the 3rd quarter valued at about $35,000. 68.84% of the stock is currently owned by institutional investors and hedge funds.

Coinbase Global Stock Up 4.0%

Coinbase Global stock opened at $203.32 on Tuesday. The stock has a 50 day moving average of $197.51 and a two-hundred day moving average of $264.09. Coinbase Global, Inc. has a twelve month low of $139.36 and a twelve month high of $444.64. The stock has a market capitalization of $53.69 billion, a price-to-earnings ratio of 46.31, a PEG ratio of 3.44 and a beta of 3.70. 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 released 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). Coinbase Global had a net margin of 17.55% and a return on equity of 8.68%. The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the firm posted $4.68 EPS. The company’s revenue for the quarter was down 21.6% on a year-over-year basis. As a group, research analysts expect that Coinbase Global, Inc. will post 7.22 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Citigroup dropped their price target on Coinbase Global from $505.00 to $400.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. JPMorgan Chase & Co. decreased their price objective on Coinbase Global from $399.00 to $290.00 and set an “overweight” rating for the company in a report on Tuesday, February 10th. Sanford C. Bernstein restated an “outperform” rating and set a $440.00 target price on shares of Coinbase Global in a research report on Tuesday, January 6th. President Capital cut their target price on shares of Coinbase Global from $472.00 to $236.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. Finally, Argus reiterated a “hold” rating on shares of Coinbase Global in a research report on Tuesday, November 25th. Nineteen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $270.51.

Insider Buying and Selling at Coinbase Global

In other news, Director Frederick Ernest Ehrsam III sold 2,750 shares of the firm’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $260.09, for a total value of $715,247.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian Armstrong sold 40,000 shares of Coinbase Global stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $248.96, for a total transaction of $9,958,400.00. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 469,545 shares of company stock valued at $82,226,458. 16.56% of the stock is owned by company insiders.

Coinbase Global News Summary

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

• Positive Sentiment: Aon used dollar-backed stablecoins (USDC on Ethereum, PayPal USD on Solana) to settle insurance premiums with counterparties that include Coinbase and Paxos, underscoring Coinbase’s growing role in regulated stablecoin/payment rails and real-world payments infrastructure. Is Aon’s Stablecoin Premium Deal Quietly Reframing Coinbase’s Role in Real-World Payments Infrastructure (COIN)?
• Positive Sentiment: On-chain and exchange flow signals show US buying returning: Coinbase’s 30‑day volume delta flipped back to positive and the Coinbase premium (price on Coinbase vs offshore venues) has turned positive after weeks of US outflows — both suggest improving US spot demand that can boost Coinbase trading revenue. Bitcoin Buyer Activity Returns as February Selling Pressure Fades on Binance and Coinbase Bitcoin Coinbase Premium Turns Positive After 10 Weeks – Is US Demand Finally Returning?
• Positive Sentiment: Broad crypto rally (Bitcoin back near $74k) has pushed crypto equities higher, lifting Coinbase shares as ETF flows, geopolitical-linked safe-haven flows into BTC, and a short-squeeze dynamic revive trading activity and sentiment. Coinbase (COIN) Stock Is Up, What You Need To Know Crypto Stocks Rally, These Factors Drive Bitcoin Rebound To Feb. High
• Positive Sentiment: Analyst/features pieces highlight Coinbase’s long‑term growth thesis beyond spot trading: stablecoins and AI-enabled services are framed as the company’s real revenue engines (recurring, higher-margin opportunities) which supports a re-rating narrative if execution continues. Why Stablecoins and AI are Coinbase’s Real Growth Engine Why Stablecoins and AI are Coinbase’s Real Growth Engine (Zacks)
• Neutral Sentiment: Corporate moves in the ecosystem: a former Coinbase exec was hired as CFO at Streamex — small recruiter signal about talent mobility but limited direct impact on COIN fundamentals. Streamex Appoints Ex-Coinbase Exec as CFO
• Negative Sentiment: Circle (USDC issuer) is accelerating enterprise integrations (Visa, Intuit, cross‑border rails), which could increase competition for Coinbase’s stablecoin/payments services and pressure market share or fee opportunities over time. Can Circle’s Enterprise Integrations Accelerate Future Revenue Growth?
• Negative Sentiment: Relative valuation and rotation calls: some analysts argue for selling COIN in favor of other fintech/crypto plays (Robinhood), highlighting valuation risk and the potential for short-term outperformance elsewhere. Coinbase Vs. Robinhood: The Arbitrage Case For Selling COIN In Favor Of HOOD

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.