CoinbaseCOIN
About: Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.
Employees: 3,416
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
23% more repeat investments, than reductions
Existing positions increased: 321 | Existing positions reduced: 261
7% less call options, than puts
Call options by funds: $5.34B | Put options by funds: $5.72B
3% less funds holding in top 10
Funds holding in top 10: 30 [Q2] → 29 (-1) [Q3]
4.2% less ownership
Funds ownership: 57.79% [Q2] → 53.59% (-4.2%) [Q3]
4% less funds holding
Funds holding: 889 [Q2] → 849 (-40) [Q3]
24% less capital invested
Capital invested by funds: $25.7B [Q2] → $19.4B (-$6.27B) [Q3]
28% less first-time investments, than exits
New positions opened: 105 | Existing positions closed: 145
Research analyst outlook
13 Wall Street Analysts provided 1 year price targets over the past 3 months
13 analyst ratings
Keefe, Bruyette & Woods Kyle Voigt 83% 1-year accuracy 20 / 24 met price target | 1%downside $275 | Market Perform Maintained | 20 Dec 2024 |
Barclays Benjamin Budish 69% 1-year accuracy 72 / 104 met price target | 27%upside $355 | Equal-Weight Maintained | 9 Dec 2024 |
Needham John Todaro 89% 1-year accuracy 54 / 61 met price target | 51%upside $420 | Buy Maintained | 9 Dec 2024 |
Goldman Sachs Will Nance 69% 1-year accuracy 29 / 42 met price target | 42%upside $397 | Neutral Maintained | 2 Dec 2024 |
Oppenheimer Owen Lau 79% 1-year accuracy 41 / 52 met price target | 28%upside $358 | Outperform Maintained | 25 Nov 2024 |
Financial journalist opinion
Based on 59 articles about COIN published over the past 30 days
