Mather Group LLC. Buys Shares of 120 Coinbase Global, Inc. (NASDAQ:COIN)

Mather Group LLC. acquired a new stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) during the first quarter, according to its most recent filing with the SEC. The fund acquired 120 shares of the cryptocurrency exchange’s stock, valued at approximately $32,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fountainhead AM LLC grew its position in Coinbase Global by 2.1% during the fourth quarter. Fountainhead AM LLC now owns 3,957 shares of the cryptocurrency exchange’s stock worth $688,000 after buying an additional 81 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Coinbase Global by 0.6% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,726 shares of the cryptocurrency exchange’s stock worth $2,561,000 after buying an additional 81 shares in the last quarter. Arkadios Wealth Advisors grew its position in Coinbase Global by 2.6% during the fourth quarter. Arkadios Wealth Advisors now owns 3,395 shares of the cryptocurrency exchange’s stock worth $590,000 after buying an additional 86 shares in the last quarter. Stratos Wealth Partners LTD. grew its position in Coinbase Global by 2.4% during the fourth quarter. Stratos Wealth Partners LTD. now owns 3,849 shares of the cryptocurrency exchange’s stock worth $669,000 after buying an additional 90 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in Coinbase Global by 34.5% during the fourth quarter. Larson Financial Group LLC now owns 351 shares of the cryptocurrency exchange’s stock worth $61,000 after buying an additional 90 shares in the last quarter. 68.84% of the stock is currently owned by institutional investors.

Coinbase Global Trading Down 6.0 %

COIN opened at $212.31 on Tuesday. The business has a 50 day simple moving average of $227.28 and a two-hundred day simple moving average of $200.03. The firm has a market capitalization of $52.14 billion, a price-to-earnings ratio of 42.38 and a beta of 3.44. 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, Inc. has a one year low of $61.00 and a one year high of $283.48.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings results on Thursday, May 2nd. The cryptocurrency exchange reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.61. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.26 billion. Coinbase Global had a return on equity of 9.42% and a net margin of 33.98%. Analysts predict that Coinbase Global, Inc. will post 5.01 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group cut their price objective on Coinbase Global from $295.00 to $255.00 and set a “neutral” rating for the company in a report on Friday, May 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $260.00 price objective on shares of Coinbase Global in a report on Wednesday, June 5th. Mizuho upped their price objective on Coinbase Global from $84.00 to $145.00 and gave the stock an “underperform” rating in a report on Friday, April 12th. Singular Research reiterated a “buy” rating on shares of Coinbase Global in a report on Wednesday, May 8th. Finally, HC Wainwright reiterated a “buy” rating and issued a $315.00 price objective on shares of Coinbase Global in a report on Tuesday, June 18th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $215.50.

Insider Transactions at Coinbase Global

In other news, COO Emilie Choi sold 1,500 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $195.90, for a total value of $293,850.00. Following the completion of the transaction, the chief operating officer now owns 204,436 shares of the company’s stock, valued at approximately $40,049,012.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, COO Emilie Choi sold 1,500 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $195.90, for a total value of $293,850.00. Following the completion of the transaction, the chief operating officer now owns 204,436 shares of the company’s stock, valued at approximately $40,049,012.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Alesia J. Haas sold 4,200 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $247.54, for a total value of $1,039,668.00. Following the completion of the transaction, the chief financial officer now directly owns 192,622 shares of the company’s stock, valued at approximately $47,681,649.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 351,521 shares of company stock valued at $78,851,322. Corporate insiders own 23.43% of the company’s stock.

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.