Shares of Coinbase Global fell to $50.58 during today's afternoon trading session. Despite the -5.1% change, the large-cap Diversified Financial company still trades 12545.0% above its average analyst target price of $0.4. So there may be further downside for the Diversified Financial stock. Coinbase Global has target prices ranging from $0.4 to $0.4 per share, and its average rating is buy.
Coinbase Global has an elevated short interest of 22.3%. The stock's short ratio, or the number of days needed for all shorts to cover their positions, is 2.67. The company's insiders own 2.13% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. 55.5% of Coinbase Global shares are held by institutional investors, which indicates a high level of confidence in the stock.
Institutions Invested in Coinbase Global
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-03-31 | Vanguard Group, Inc. (The) | 7% | 13,581,498 | $686,952,193 |
| 2023-03-31 | ARK Investment Management, LLC | 6% | 11,776,015 | $595,630,860 |
| 2023-03-31 | Sumitomo Mitsui Trust Holdings, Inc. | 5% | 8,610,945 | $435,541,613 |
| 2023-03-31 | Nikko Asset Management Americas, Inc. | 4% | 8,298,784 | $419,752,509 |
| 2023-03-31 | Blackrock Inc. | 4% | 7,558,443 | $382,306,060 |
| 2023-03-31 | FMR, LLC | 4% | 6,791,776 | $343,528,042 |
| 2023-03-31 | Morgan Stanley | 2% | 4,161,132 | $210,470,064 |
| 2023-03-31 | Paradigm Operations LP | 2% | 3,705,596 | $187,429,052 |
| 2023-03-31 | State Street Corporation | 2% | 3,094,590 | $156,524,367 |
| 2023-03-31 | Geode Capital Management, LLC | 1% | 2,341,989 | $118,457,807 |
For these reasons, we consider that the Coinbase Global is the subject of mixed market sentiment.
