Tennessee Valley Asset Management Partners Takes $59,000 Position in Coinbase Global, Inc. (NASDAQ:COIN)

Tennessee Valley Asset Management Partners purchased a new stake in Coinbase Global, Inc. (NASDAQ:COIN) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 342 shares of the cryptocurrency exchange’s stock, valued at approximately $59,000.

Several other large investors have also modified their holdings of COIN. Barrett & Company Inc. acquired a new position in Coinbase Global during the 4th quarter worth about $26,000. AlphaMark Advisors LLC acquired a new position in Coinbase Global during the 4th quarter worth about $33,000. Harbor Investment Advisory LLC lifted its stake in Coinbase Global by 68.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 247 shares of the cryptocurrency exchange’s stock worth $43,000 after acquiring an additional 100 shares in the last quarter. Coston McIsaac & Partners acquired a new position in Coinbase Global during the 4th quarter worth about $52,000. Finally, Sound Income Strategies LLC lifted its stake in Coinbase Global by 427.6% during the 4th quarter. Sound Income Strategies LLC now owns 401 shares of the cryptocurrency exchange’s stock worth $70,000 after acquiring an additional 325 shares in the last quarter. Institutional investors and hedge funds own 68.84% of the company’s stock.

Insider Buying and Selling

In related news, Director Frederick Ernest Ehrsam III sold 16,380 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $213.99, for a total transaction of $3,505,156.20. Following the transaction, the director now owns 4,662 shares in the company, valued at approximately $997,621.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Frederick Ernest Ehrsam III sold 16,380 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $213.99, for a total transaction of $3,505,156.20. Following the transaction, the director now owns 4,662 shares in the company, valued at approximately $997,621.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Alesia J. Haas sold 4,200 shares of the firm’s 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 transaction, the chief financial officer now owns 192,622 shares in the company, valued at approximately $47,681,649.88. The disclosure for this sale can be found here. Insiders have sold 607,358 shares of company stock worth $106,945,156 in the last quarter. 33.16% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently issued reports on COIN. TheStreet raised Coinbase Global from a “d” rating to a “c-” rating in a research note on Friday, February 16th. Needham & Company LLC increased their price target on Coinbase Global from $160.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, January 8th. Bank of America increased their price target on Coinbase Global from $92.00 to $110.00 and gave the company an “underperform” rating in a research report on Wednesday, April 10th. Piper Sandler increased their price target on Coinbase Global from $225.00 to $245.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Finally, Citigroup increased their price target on Coinbase Global from $90.00 to $151.00 and gave the company a “neutral” rating in a research report on Friday, January 19th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Coinbase Global has an average rating of “Hold” and a consensus target price of $165.43.

Get Our Latest Stock Analysis on COIN

Coinbase Global Trading Up 4.7 %

COIN opened at $236.43 on Wednesday. Coinbase Global, Inc. has a one year low of $46.43 and a one year high of $283.48. The company has a market cap of $57.28 billion, a P/E ratio of 875.67 and a beta of 3.41. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.03 and a current ratio of 1.03. The business’s 50-day simple moving average is $228.18 and its 200-day simple moving average is $158.91.

Coinbase Global (NASDAQ:COINGet Free Report) last released its quarterly earnings results on Thursday, February 15th. The cryptocurrency exchange reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $1.13. The firm had revenue of $953.80 million for the quarter, compared to the consensus estimate of $826.10 million. Coinbase Global had a return on equity of 3.54% and a net margin of 3.05%. The firm’s quarterly revenue was up 51.6% compared to the same quarter last year. During the same quarter last year, the business posted ($2.46) EPS. As a group, equities research analysts expect that Coinbase Global, Inc. will post 2.43 EPS for the current fiscal year.

About Coinbase Global

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Coinbase Global (NASDAQ:COIN)

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