Intact Investment Management Inc. Makes New Investment in Coinbase Global, Inc. $COIN

Key Points

• Intact Investment Management opened a new Q4 position in Coinbase (NASDAQ:COIN) of 4,950 shares worth about $1.119M, while other institutions (notably PFA Pension with ~ $26.75M) also added positions; institutional investors now own 68.84% of the stock.
• CFO Alesia J. Haas sold 364,600 shares on Feb 6 for roughly $56.5M, cutting her holding by ~47.6%; insiders have sold 394,590 shares in the last 90 days and collectively own 16.66%.
• Analyst sentiment is mixed with a MarketBeat average rating of "Hold" and an average price target of $262.07; Coinbase posted a Q4 EPS miss ($0.66 vs. $0.83) and the stock was trading near $203 with a market cap of about $53.6B.

Intact Investment Management Inc. acquired a new position in Coinbase Global, Inc. (NASDAQ:COIN) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 4,950 shares of the cryptocurrency exchange's stock, valued at approximately $1,119,000.

Several other hedge funds also recently made changes to their positions in the business. CENTRAL TRUST Co grew its stake in shares of Coinbase Global by 329.6% in the 4th quarter. CENTRAL TRUST Co now owns 971 shares of the cryptocurrency exchange's stock worth $220,000 after purchasing an additional 745 shares during the last quarter. Benjamin Edwards Inc. grew its stake in shares of Coinbase Global by 1.2% in the 4th quarter. Benjamin Edwards Inc. now owns 9,759 shares of the cryptocurrency exchange's stock worth $2,207,000 after purchasing an additional 114 shares during the last quarter. PFA Pension Forsikringsaktieselskab acquired a new position in shares of Coinbase Global in the 4th quarter worth approximately $26,753,000. Horizon Investments LLC grew its stake in shares of Coinbase Global by 3.5% in the 4th quarter. Horizon Investments LLC now owns 5,029 shares of the cryptocurrency exchange's stock worth $1,137,000 after purchasing an additional 170 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of Coinbase Global by 16.2% in the 4th quarter. Fifth Third Bancorp now owns 8,997 shares of the cryptocurrency exchange's stock worth $2,035,000 after purchasing an additional 1,253 shares during the last quarter. Institutional investors and hedge funds own 68.84% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on COIN. Compass Point lowered their price objective on shares of Coinbase Global from $190.00 to $140.00 and set a "sell" rating on the stock in a research note on Friday, February 20th. UBS Group set a $264.00 price objective on shares of Coinbase Global in a research note on Friday, February 13th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Coinbase Global in a research note on Friday, January 9th. Benchmark lowered their price objective on shares of Coinbase Global from $421.00 to $267.00 and set a "buy" rating on the stock in a research note on Friday, February 13th. Finally, HC Wainwright cut their price objective on Coinbase Global from $425.00 to $350.00 and set a "buy" rating on the stock in a report on Wednesday, February 11th. Nineteen investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $262.07.

Insider Buying and Selling at Coinbase Global

In other news, CFO Alesia J. Haas sold 364,600 shares of the company's stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $154.95, for a total value of $56,494,770.00. Following the transaction, the chief financial officer owned 402,165 shares in the company, valued at $62,315,466.75. This represents a 47.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders sold 394,590 shares of company stock valued at $62,508,690. 16.66% of the stock is owned by corporate insiders.

Coinbase Global Price Performance

Shares of COIN opened at $202.99 on Tuesday. The company has a market capitalization of $53.61 billion, a price-to-earnings ratio of 46.24, a P/E/G ratio of 4.33 and a beta of 3.38. Coinbase Global, Inc. has a fifty-two week low of $139.36 and a fifty-two week high of $444.64. 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 business's 50-day moving average is $187.15 and its 200-day moving average is $229.84.

Coinbase Global (NASDAQ:COIN - Get Free Report) last issued its earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.83 by ($0.17). The business had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.86 billion. Coinbase Global had a net margin of 17.55% and a return on equity of 8.68%. Coinbase Global's revenue for the quarter was down 21.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.68 EPS. Equities research analysts expect that Coinbase Global, Inc. will post 2.77 EPS for the current fiscal year.

Coinbase Global News Roundup

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

• Positive Sentiment: U.S. Senate CLARITY Act compromise on stablecoin yield rules reduces regulatory uncertainty for exchanges and stablecoin economics — Coinbase publicly backs the deal, which investors view as removing a major legislative overhang for the industry. Clarity Act Compromise Sparks Crypto Stock Rally; Bitcoin Briefly Tops $80,000
• Positive Sentiment: Bitcoin rally (briefly over $80k) boosts trading volumes and spot flows that benefit Coinbase’s transaction-fee revenue and ancillary products (custody, USDC activity). Bitcoin climbs past $80K for the first time since January
• Positive Sentiment: CEO Brian Armstrong’s public support for the CLARITY Act compromise signals management alignment with policymakers and reduces deal uncertainty, which reassures investors about regulatory navigation. Coinbase CEO Brian Armstrong Says 'Mark It Up' After Reported Compromise
• Positive Sentiment: Analyst commentary highlights meaningful upside from current levels (average price targets materially above the stock), which can attract bargain-hunting inflows after prior sell-off. Coinbase Has 26% Upside to Price Targets After 57% Selloff
• Neutral Sentiment: Q1 earnings report due May 7: estimates have been trimmed amid weaker crypto market volumes, creating near-term event risk (could amplify moves either way). Investors are positioning ahead of the print. COIN to Report Q1 Earnings: Buy the Stock Now or Wait for Results?
• Neutral Sentiment: Broad digital-asset equities rally as lawmakers released revised stablecoin text; some gains are sector-wide momentum rather than company-specific fundamentals. CLARITY Act Compromise Propels Digital Asset Shares Higher
• Negative Sentiment: Hut 8 replaced a Coinbase-backed credit facility with a FalconX loan, freeing up BTC collateral and moving business away from Coinbase Credit — a potential hit to Coinbase’s lending/prime revenue if similar counterparties shift. Hut 8 Replaces Coinbase Credit With $200M FalconX Facility
• Negative Sentiment: Underlying fundamentals remain mixed: prior quarters showed revenue and EPS declines amid lower volumes, so regulatory tailwinds and a BTC rally could be offset by weaker subscription/APR growth or disappointing Q1 results. Ahead of Coinbase Global (COIN) Q1 Earnings: Get Ready With Wall Street Estimates

Coinbase Global Profile

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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