Lauterbach Financial Advisors LLC Purchases New Holdings in Coinbase Global, Inc. (NASDAQ:COIN)

Lauterbach Financial Advisors LLC acquired a new position in Coinbase Global, Inc. (NASDAQ:COIN) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 963 shares of the cryptocurrency exchange’s stock, valued at approximately $239,000.

Other large investors have also recently bought and sold shares of the company. Wingate Wealth Advisors Inc. acquired a new position in Coinbase Global during the 4th quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Coinbase Global by 365.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the cryptocurrency exchange’s stock worth $34,000 after buying an additional 106 shares during the last quarter. RPg Family Wealth Advisory LLC acquired a new position in Coinbase Global in the third quarter valued at approximately $25,000. Cullen Frost Bankers Inc. bought a new position in Coinbase Global in the fourth quarter valued at approximately $50,000. Finally, Bogart Wealth LLC grew its holdings in Coinbase Global by 252.5% during the 4th quarter. Bogart Wealth LLC now owns 208 shares of the cryptocurrency exchange’s stock worth $52,000 after acquiring an additional 149 shares during the period. Institutional investors and hedge funds own 68.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on COIN. Piper Sandler increased their price target on Coinbase Global from $285.00 to $310.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. The Goldman Sachs Group reduced their target price on Coinbase Global from $397.00 to $340.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Rosenblatt Securities began coverage on Coinbase Global in a research note on Friday. They issued a “buy” rating and a $305.00 price target for the company. HC Wainwright reiterated a “buy” rating and issued a $350.00 price target on shares of Coinbase Global in a research report on Friday, February 21st. Finally, Canaccord Genuity Group boosted their price objective on shares of Coinbase Global from $280.00 to $400.00 and gave the company a “buy” rating in a report on Friday, February 14th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $311.21.

Insiders Place Their Bets

In other Coinbase Global news, insider Paul Grewal sold 10,978 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $211.93, for a total value of $2,326,567.54. Following the completion of the transaction, the insider now directly owns 83,313 shares in the company, valued at $17,656,524.09. This trade represents a 11.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Alesia J. Haas sold 5,700 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $266.87, for a total value of $1,521,159.00. Following the sale, the chief financial officer now owns 144,470 shares in the company, valued at approximately $38,554,708.90. This represents a 3.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 219,455 shares of company stock valued at $60,955,968 in the last three months. 23.43% of the stock is currently owned by corporate insiders.

Coinbase Global Stock Up 1.5 %

Shares of Coinbase Global stock opened at $217.45 on Monday. The firm has a market cap of $55.21 billion, a PE ratio of 22.89 and a beta of 3.66. The business’s 50 day simple moving average is $262.21 and its 200 day simple moving average is $241.70. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.28 and a current ratio of 2.28. Coinbase Global, Inc. has a 52-week low of $146.12 and a 52-week high of $349.75.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings data on Thursday, February 13th. The cryptocurrency exchange reported $3.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $2.93. Coinbase Global had a net margin of 39.34% and a return on equity of 20.64%. On average, analysts predict that Coinbase Global, Inc. will post 7.22 earnings per share for the current fiscal year.

Coinbase Global Company 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.