Centric Wealth Management Takes Position in Coinbase Global, Inc. $COIN

Centric Wealth Management purchased a new position in shares of Coinbase Global, Inc. (NASDAQ:COIN) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,029 shares of the cryptocurrency exchange’s stock, valued at approximately $1,385,000.

Several other institutional investors and hedge funds also recently modified their holdings of COIN. Vanguard Group Inc. boosted its holdings in shares of Coinbase Global by 25.5% in the second quarter. Vanguard Group Inc. now owns 24,208,863 shares of the cryptocurrency exchange’s stock valued at $8,484,964,000 after acquiring an additional 4,914,407 shares in the last quarter. Geode Capital Management LLC raised its holdings in Coinbase Global by 46.1% during the second quarter. Geode Capital Management LLC now owns 5,559,513 shares of the cryptocurrency exchange’s stock worth $1,940,805,000 after purchasing an additional 1,755,146 shares in the last quarter. Norges Bank acquired a new stake in Coinbase Global in the second quarter worth approximately $1,044,354,000. Charles Schwab Investment Management Inc. boosted its stake in Coinbase Global by 53.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,455,916 shares of the cryptocurrency exchange’s stock valued at $510,284,000 after purchasing an additional 504,068 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in Coinbase Global by 14.6% during the 2nd quarter. Legal & General Group Plc now owns 1,136,620 shares of the cryptocurrency exchange’s stock valued at $398,374,000 after purchasing an additional 145,047 shares in the last quarter. Institutional investors own 68.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on COIN. Raymond James Financial reaffirmed a “market perform” rating on shares of Coinbase Global in a report on Thursday, January 8th. Cantor Fitzgerald began coverage on shares of Coinbase Global in a research report on Tuesday. They set an “overweight” rating and a $277.00 price objective for the company. Rothschild Redb upgraded shares of Coinbase Global from a “hold” rating to a “strong-buy” rating in a report on Friday, October 3rd. Citigroup reissued a “market outperform” rating on shares of Coinbase Global in a research note on Thursday, December 18th. Finally, Rosenblatt Securities raised their target price on shares of Coinbase Global from $450.00 to $470.00 in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $356.27.

More Coinbase Global News

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

• Positive Sentiment: Launched regulated prediction markets nationwide via a Kalshi partnership, opening a new retail trading product that can diversify fee revenue beyond spot crypto. Coinbase Turns Forecasting Into a Trade With New US Prediction Markets
• Positive Sentiment: Integrated Jupiter on Solana to give Coinbase users direct access to millions of Solana tokens, lowering listing friction and expanding product breadth for on‑chain trading. Coinbase Integrates Jupiter Exchange for Direct Access to Millions of Solana Tokens
• Positive Sentiment: Coinbase Ventures backing of Sats Terminal (a Bitcoin super app) signals continued venture activity and ecosystem exposure that could feed future product synergies. Never Sell Your Bitcoin: Sats Terminal Founders
• Positive Sentiment: Analyst pieces highlighting Coinbase’s expansion into services and M&A (COIN vs ICE) reinforce the bull case that the firm is pushing beyond trading revenue. COIN vs. ICE: Which Financial Markets Stock is the Better Buy Now?
• Neutral Sentiment: Cantor Fitzgerald initiated coverage on COIN and Piper Sandler maintained a neutral stance after trimming price targets—mixed analyst attention that adds liquidity to the stock narrative but no clear directional sway. Cantor Fitzgerald Initiates Coverage on Coinbase Global
• Neutral Sentiment: Deribit (Coinbase‑owned derivatives exchange) noted heavy options positioning keeping BTC rangebound, a technical factor that can limit short‑term volatility but also constrain volume spikes. Crypto options activity is keeping Bitcoin stuck near $90,000
• Negative Sentiment: CEO Brian Armstrong publicly pulled support for a major U.S. crypto market-structure bill and reportedly clashed with JPMorgan’s Jamie Dimon at Davos—heightening regulatory and political friction that could slow favorable legislation and raise reputational risk. Coinbase, JPMorgan CEOs clashed over market structure bill at Davos: Report
• Negative Sentiment: Bitcoin plunged to ~ $81k, triggering ~$1.7B in liquidations—crypto price crashes typically reduce Coinbase’s trading volumes and fee revenue, which is the primary near‑term driver of COIN earnings. Bitcoin falls to $81K, triggering $1.7B in liquidations
• Negative Sentiment: UK advertising watchdog reportedly banned Coinbase ads for downplaying risks, a regulatory reprimand that can hurt brand trust and marketing effectiveness in a key market. UK regulators ban Coinbase ads (coverage)
• Negative Sentiment: Critical press and analyst notes (Forbes, price‑target cuts) highlighting a recent market cap decline and technical sell signals (death cross) are amplifying negative investor sentiment and momentum selling. Coinbase Crumbles: Is The Downgrade Justified?

Insider Activity

In related news, COO Emilie Choi sold 100,000 shares of the company’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $310.88, for a total transaction of $31,088,000.00. Following the transaction, the chief operating officer owned 187,802 shares in the company, valued at $58,383,885.76. This represents a 34.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frederick Ernest Ehrsam III sold 277,074 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $309.92, for a total transaction of $85,870,774.08. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 820,587 shares of company stock worth $240,717,580. 16.56% of the stock is currently owned by corporate insiders.

Coinbase Global Stock Performance

Shares of NASDAQ COIN opened at $194.74 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.40 and a quick ratio of 2.40. Coinbase Global, Inc. has a one year low of $142.58 and a one year high of $444.64. The business’s 50-day moving average price is $244.95 and its two-hundred day moving average price is $301.23. The company has a market capitalization of $52.51 billion, a P/E ratio of 16.85 and a beta of 3.70.

Coinbase Global (NASDAQ:COIN) last posted its earnings results on Thursday, October 30th. The cryptocurrency exchange reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.40. Coinbase Global had a return on equity of 15.70% and a net margin of 41.99%.The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same period in the previous year, the company earned $0.28 EPS. The company’s revenue for the quarter was up 55.1% on a year-over-year basis. Analysts anticipate that Coinbase Global, Inc. will post 7.22 earnings per share for the current fiscal year.

Coinbase Global 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.