Oppenheimer Asset Management Inc. Acquires 3,962 Shares of Coinbase Global, Inc. $COIN

Oppenheimer Asset Management Inc. lifted its holdings in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 30.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 16,988 shares of the cryptocurrency exchange’s stock after purchasing an additional 3,962 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Coinbase Global were worth $3,842,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the company. Activest Wealth Management grew its holdings in Coinbase Global by 6.6% in the 4th quarter. Activest Wealth Management now owns 3,371 shares of the cryptocurrency exchange’s stock worth $762,000 after acquiring an additional 209 shares during the last quarter. Delta Investment Management LLC grew its holdings in Coinbase Global by 17.2% in the 4th quarter. Delta Investment Management LLC now owns 1,001 shares of the cryptocurrency exchange’s stock worth $226,000 after acquiring an additional 147 shares during the last quarter. Pekin Hardy Strauss Inc. bought a new stake in Coinbase Global in the 4th quarter worth $216,000. Interchange Capital Partners LLC grew its holdings in Coinbase Global by 3.9% in the 4th quarter. Interchange Capital Partners LLC now owns 2,736 shares of the cryptocurrency exchange’s stock worth $619,000 after acquiring an additional 102 shares during the last quarter. Finally, Keybank National Association OH grew its holdings in Coinbase Global by 19.5% in the 4th quarter. Keybank National Association OH now owns 2,594 shares of the cryptocurrency exchange’s stock worth $587,000 after acquiring an additional 423 shares during the last quarter. Institutional investors own 68.84% of the company’s stock.

Insider Activity at Coinbase Global

In other news, CFO Alesia J. Haas sold 10,020 shares of the firm’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $200.00, for a total value of $2,004,000.00. Following the completion of the sale, the chief financial officer directly owned 377,201 shares of the company’s stock, valued at approximately $75,440,200. This trade represents a 2.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 394,590 shares of company stock valued at $62,508,690. Company insiders own 16.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on COIN. President Capital cut their price target 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. Robert W. Baird cut their price target on shares of Coinbase Global from $215.00 to $200.00 and set a “neutral” rating on the stock in a report on Wednesday, April 1st. Piper Sandler raised their price target on shares of Coinbase Global from $150.00 to $180.00 and gave the stock a “neutral” rating in a report on Wednesday, April 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Coinbase Global in a report on Friday, January 9th. Finally, Mizuho cut their price target on shares of Coinbase Global from $280.00 to $170.00 and set a “neutral” rating on the stock in a report on Tuesday, February 17th. Nineteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $262.07.

More Coinbase Global News

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

• Positive Sentiment: Large staking flows routed through Coinbase Prime — Bitmine staked ~$508M of ETH in one day via Coinbase Prime, increasing custody and staking activity that can boost institutional revenue and stickiness. Bitmine Stakes $508M ETH
• Positive Sentiment: Product expansion — Coinbase launched “CUSHY” and added a tokenized share class to a digital credit fund, pushing into tokenized private credit and stablecoin credit markets that could create new fee streams and institutional demand. Coinbase Launches CUSHY
• Positive Sentiment: Regulatory positioning — Coinbase and peers backed a CFTC ban on casino‑style prediction markets while defending sports markets, a stance that may reduce risky product exposure and steer regulatory outcomes more favorably for mainstream exchange offerings. Coinbase, Robinhood Back Push
• Positive Sentiment: Analyst/upside narrative — Recent analyst interest and coverage (including positive notes and raised targets) continue to support bullish sentiment among some investors. Why Prediction Market Matters
• Neutral Sentiment: New token listings — MegaETH launched across major exchanges including Coinbase without listing fees; listings can drive short-term volume but impact on long‑term revenue is unclear. MegaETH Token Debuts
• Neutral Sentiment: Retail/investor attention — Zacks/Yahoo pieces note elevated investor interest in COIN; attention can amplify moves but doesn’t guarantee fundamentals change. Coinbase Attracting Investor Attention
• Negative Sentiment: Crypto market breadth warning — CNBC reports April’s BTC rally was driven by leveraged derivatives while spot demand contracted, raising the risk that trading volume and real‑money flows (key to Coinbase revenue) could falter. Bitcoin surged in April
• Negative Sentiment: Ongoing regulatory/legal risk — Coverage highlights that a finding that Coinbase acted as a “seller” could have harmful precedents; unresolved SEC-related legal exposure remains a major overhang on valuation. Finding Coinbase a ‘Seller’ Would Bring Harms
• Negative Sentiment: Near-term earnings risk — Analyst previews expect a decline in upcoming earnings, leaving the stock sensitive to any further misses. Analysts Estimate Earnings Decline

Coinbase Global Stock Performance

NASDAQ:COIN opened at $191.25 on Monday. The company has a 50-day moving average price of $187.15 and a 200-day moving average price of $229.84. Coinbase Global, Inc. has a 12 month low of $139.36 and a 12 month high of $444.64. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.40. The stock has a market cap of $50.51 billion, a price-to-earnings ratio of 43.57, a P/E/G ratio of 4.33 and a beta of 3.38.

Coinbase Global (NASDAQ:COIN) last posted its earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.17). Coinbase Global had a return on equity of 8.68% and a net margin of 17.55%.The company had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the prior year, the business posted $4.68 earnings per share. The company’s revenue for the quarter was down 21.6% on a year-over-year basis. Equities analysts predict that Coinbase Global, Inc. will post 2.77 EPS for the current 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.