Signaturefd LLC Has $546,000 Stock Position in Coinbase Global, Inc. (NASDAQ:COIN)

Signaturefd LLC lowered its holdings in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 5.0% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,457 shares of the cryptocurrency exchange’s stock after selling 130 shares during the period. Signaturefd LLC’s holdings in Coinbase Global were worth $546,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Creekmur Asset Management LLC acquired a new stake in Coinbase Global during the 4th quarter worth approximately $27,000. Crewe Advisors LLC grew its stake in shares of Coinbase Global by 547.4% in the second quarter. Crewe Advisors LLC now owns 123 shares of the cryptocurrency exchange’s stock worth $27,000 after purchasing an additional 104 shares during the last quarter. Lynx Investment Advisory acquired a new stake in Coinbase Global in the second quarter valued at $29,000. Concord Wealth Partners raised its position in Coinbase Global by 322.2% during the 1st quarter. Concord Wealth Partners now owns 114 shares of the cryptocurrency exchange’s stock worth $30,000 after purchasing an additional 87 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its position in shares of Coinbase Global by 833.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 112 shares of the cryptocurrency exchange’s stock valued at $30,000 after buying an additional 100 shares during the last quarter. 68.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on COIN. Singular Research restated a “buy” rating on shares of Coinbase Global in a research report on Wednesday, May 8th. Oppenheimer increased their price target on Coinbase Global from $276.00 to $282.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Compass Point dropped their price objective on Coinbase Global from $325.00 to $295.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. Barclays lifted their target price on Coinbase Global from $196.00 to $206.00 and gave the stock an “underweight” rating in a report on Friday, August 2nd. Finally, Canaccord Genuity Group restated a “buy” rating and set a $280.00 price target on shares of Coinbase Global in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $248.38.

Insider Buying and Selling at Coinbase Global

In related news, CAO Jennifer N. Jones sold 450 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $225.70, for a total value of $101,565.00. Following the transaction, the chief accounting officer now directly owns 1,686 shares of the company’s stock, valued at approximately $380,530.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CAO Jennifer N. Jones sold 450 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $225.70, for a total transaction of $101,565.00. Following the completion of the sale, the chief accounting officer now owns 1,686 shares in the company, valued at approximately $380,530.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Paul Grewal sold 16,962 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $206.96, for a total value of $3,510,455.52. Following the completion of the transaction, the insider now owns 75,556 shares in the company, valued at approximately $15,637,069.76. The disclosure for this sale can be found here. Insiders sold 78,987 shares of company stock worth $17,535,714 in the last quarter. 23.43% of the stock is currently owned by company insiders.

Coinbase Global Trading Down 2.6 %

COIN opened at $183.36 on Friday. The company’s 50-day moving average is $216.40 and its 200 day moving average is $223.59. Coinbase Global, Inc. has a fifty-two week low of $69.63 and a fifty-two week high of $283.48. The firm has a market capitalization of $45.03 billion, a PE ratio of 36.60 and a beta of 3.40. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.02 and a quick ratio of 1.02.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings data on Thursday, August 1st. The cryptocurrency exchange reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.93). The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.40 billion. Coinbase Global had a return on equity of 14.72% and a net margin of 31.46%. The company’s revenue for the quarter was up 104.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.42) earnings per share. As a group, research analysts predict that Coinbase Global, Inc. will post 4.95 earnings per share for the current fiscal year.

Coinbase Global 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.