COIN Stock: Analysts Weigh In as Insiders Sell Shares

Coinbase Global stock opened at $235.38 on Monday. The firm's 50 day simple moving average is $275.76 and its 200-day simple moving average is $240.54.

Blue Trust Inc. decreased its stake in Coinbase Global, Inc. (NASDAQ:COIN) stock by 95.5% during the fourth quarter, according to its recent SEC filing. The institutional investor owned 336 shares of the cryptocurrency exchange’s stock after selling 7,167 shares during the period. Blue Trust Inc.’s holdings in Coinbase Global were valued at $83,000 at the end of the most recent quarter.

Here is how other hedge funds impacted COIN in recent quarters:

SOA Wealth Advisors LLC. increased its stake in Coinbase Global by 17.7% in the fourth quarter. SOA Wealth Advisors LLC. now holds 266 shares of the cryptocurrency exchange’s stock valued at $66,000 after buying an additional 40 shares during the last quarter.

Empowered Funds LLC raised its stake in Coinbase Global by 0.8% in the third quarter. Empowered Funds LLC now owns 5,185 shares of the cryptocurrency exchange’s stock valued at $924,000 after buying an additional 43 shares in the last quarter.

Yousif Capital Management LLC grew its holdings in Coinbase Global by 1.7% during the fourth quarter. Yousif Capital Management LLC now owns 2,559 shares of the cryptocurrency exchange’s stock valued at $635,000 after purchasing an additional 44 shares during the last quarter.

Capital Advisors Wealth Management LLC increased its holdings in Coinbase Global by 3.2% during the fourth quarter. Capital Advisors Wealth Management LLC now owns 1,470 shares of the cryptocurrency exchange’s stock valued at $365,000 after buying an additional 45 shares during the last quarter.

Creative Financial Designs Inc. ADV increased its holdings in Coinbase Global by 9.4% during the third quarter. Creative Financial Designs Inc. ADV now owns 595 shares of the cryptocurrency exchange’s stock valued at $106,000 after buying an additional 51 shares during the last quarter.

Institutional investors and hedge funds own 68.84% of the company’s stock.

Coinbase Global Stock Performance

Coinbase Global shares opened at $235.38 on Monday. The company’s 50 day simple moving average is $275.76 and its 200-day simple moving average is $240.54. The company has a market cap of $59.76 billion, a P/E ratio of 24.78 and a beta of 3.61. Coinbase Global has a debt-to-equity ratio of 0.41, a current ratio of 2.28 and a quick ratio of 2.28. The company’s fifty-two week low is $146.12 and its fifty-two week high is $349.75.

Coinbase Global, Inc. latest news and hot topics from Benzinga

Coinbase Global Chart and Analysis

Coinbase Global technical analysis suggests that the stock is currently in a bearish trend and that investors can expect further declines in the upcoming period.

Coinbase Global Covered by Numerous Analysts

Several equities research analysts have covered the stock in recent reports. Here’s a snapshot of their latest recommendations:

JMP Securities lifted their price target on Coinbase Global shares from $400.00 to $475.00 and gave the company a “market outperform” rating in a research report on Friday, February 14th.

Mizuho dropped their price objective on Coinbase Global shares from $290.00 to $280.00 and set a “neutral” rating for the company in a research report on Thursday.

Needham & Company LLC reissued a “buy” rating and set a $330.00 price objective on shares of Coinbase Global in a report on Thursday, February 13th.

Piper Sandler raised their price target on Coinbase Global shares from $285.00 to $310.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th.

Canaccord Genuity Group lifted their price objective on Coinbase Global shares from $280.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, February 14th.

Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $306.17.

Coinbase Global Insider Transactions

In other Coinbase Global news, Director Frederick Ernest Ehr