Gateway Investment Advisers LLC Grows Stock Holdings in Coinbase Global, Inc. $COIN

Key Points

• Gateway Investment Advisers LLC boosted its stake in Coinbase by 2,937.7% in Q4 to 30,377 shares, adding 29,377 shares and valuing the position at about $6.87 million.
• Q1 results disappointed: Coinbase reported a GAAP loss of $1.49 per share versus $0.06 expected and revenue of $1.41 billion (vs. ~$1.49 billion expected), with revenue down 30.5% year-over-year and a second consecutive quarterly loss.
• Business momentum but risks remain: Coinbase highlighted product traction (record 8.6% crypto market share and >$200M retail derivatives revenue) and an AWS/USDC partnership, yet faces legal, layoff and execution risks and carries a mixed analyst backdrop with a consensus "Hold" and average target of $262.04.

Gateway Investment Advisers LLC grew its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 2,937.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,377 shares of the cryptocurrency exchange's stock after acquiring an additional 29,377 shares during the period. Gateway Investment Advisers LLC's holdings in Coinbase Global were worth $6,869,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. REAP Financial Group LLC purchased a new stake in shares of Coinbase Global in the 3rd quarter valued at $25,000. Palisade Asset Management LLC purchased a new stake in shares of Coinbase Global in the 3rd quarter valued at $29,000. Foster Dykema Cabot & Partners LLC purchased a new stake in shares of Coinbase Global in the 3rd quarter valued at $35,000. Cloud Capital Management LLC acquired a new position in shares of Coinbase Global in the 3rd quarter valued at $36,000. Finally, Stephens Consulting LLC lifted its stake in shares of Coinbase Global by 99.0% in the 4th quarter. Stephens Consulting LLC now owns 201 shares of the cryptocurrency exchange's stock valued at $45,000 after purchasing an additional 100 shares during the period. 68.84% of the stock is owned by hedge funds and other institutional investors.

Coinbase Global Stock Performance

COIN opened at $192.96 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.34 and a quick ratio of 2.34. The firm has a fifty day moving average price of $189.05 and a 200 day moving average price of $226.92. The stock has a market cap of $50.96 billion, a P/E ratio of 43.95, a P/E/G ratio of 4.47 and a beta of 3.38. Coinbase Global, Inc. has a 1 year low of $139.36 and a 1 year high of $444.64.

Coinbase Global (NASDAQ:COIN - Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($1.55). The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.49 billion. Coinbase Global had a return on equity of 8.68% and a net margin of 17.55%.The business's revenue was down 30.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.24 earnings per share. Equities research analysts anticipate that Coinbase Global, Inc. will post 2.78 earnings per share for the current year.

Coinbase Global News Roundup

Here are the key news stories impacting Coinbase Global this week:

• Positive Sentiment: Recorded market-share and derivatives revenue — Coinbase said it reached a record 8.6% crypto market share and retail derivatives annualized revenue topped $200M, showing product traction beyond spot trading. Read More.
• Positive Sentiment: AWS / USDC payments partnership and agent-payments work — Coinbase is a partner for Amazon Bedrock agent payment tooling (USDC rails), opening new stablecoin payment use cases and potential volume sources. Read More.
• Positive Sentiment: Regulatory clarity potential — Coinbase said CLARITY Act markup could happen soon; bipartisan movement that limits uncertain stablecoin rules would reduce regulatory risk for Coinbase’s dollar-rail products. Read More.
• Neutral Sentiment: New products and listings — Coinbase launched gold & silver perpetual futures (USDC-settled, up to 25x) and other product expansions that diversify revenue but will take time to scale. Read More.
• Negative Sentiment: Q1 earnings and revenue miss — Coinbase reported $1.41B revenue (vs. ~$1.49B expected) and a GAAP loss of $1.49/sh, marking a second consecutive quarterly loss; transaction revenue fell sharply, which drove today’s selling pressure. Read More.
• Negative Sentiment: Layoffs and restructuring headline risk — Coinbase cut ~14% of staff (~700 roles) as it pivots to an “AI-native” operating model; near-term execution and morale risks contributed to volatility. Read More.
• Negative Sentiment: Legal overhang — Coinbase faces at least one suit alleging improper withholding of frozen funds tied to a prior theft, adding regulatory/legal uncertainty. Read More.

Wall Street Analyst Weigh In

Several research firms recently issued reports on COIN. JPMorgan Chase & Co. boosted their target price on shares of Coinbase Global from $252.00 to $290.00 and gave the company an "overweight" rating in a research note on Tuesday. Needham & Company LLC decreased their target price on shares of Coinbase Global from $290.00 to $230.00 and set a "buy" rating for the company in a research note on Friday, February 13th. HC Wainwright decreased their target price on shares of Coinbase Global from $425.00 to $350.00 and set a "buy" rating for the company in a research note on Wednesday, February 11th. Jefferies Financial Group boosted their target price on shares of Coinbase Global from $151.00 to $181.00 and gave the company a "hold" rating in a research note on Thursday, April 9th. Finally, Bank of America decreased their target price on shares of Coinbase Global from $288.00 to $234.00 in a research note on Thursday, April 2nd. Nineteen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $262.04.

Insiders Place Their Bets

In other Coinbase Global news, CFO Alesia J. Haas sold 10,020 shares of the company's stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $200.00, for a total transaction of $2,004,000.00. Following the completion of the transaction, the chief financial officer directly owned 397,171 shares in the company, valued at approximately $79,434,200. This represents a 2.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold 29,990 shares of company stock worth $6,013,920 in the last ninety days. Corporate insiders own 16.66% of the company's stock.

About Coinbase Global

Coinbase Global, Inc is a U.S.-based company that operates one of the largest cryptocurrency exchange platforms. Founded in 2012 by Brian Armstrong and Fred Ehrsam and headquartered in San Francisco, Coinbase provides technology and infrastructure to buy, sell, store and use a broad range of digital assets. The company became a public company through a direct listing on the NASDAQ in April 2021 and offers services tailored to both retail and institutional customers.

Coinbase's product portfolio includes its consumer trading platform, a self-custody mobile wallet, and institutional services such as custody, prime brokerage and execution tools.

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