Coinbase Global surged to $65.22 per share this morning, but it remains 16205.0% above its mean target price of $0.4. There may still be room for more downwards movement — even after today's 6.1% drop. Analysts are giving the large-cap Diversified Financial stock on average rating of buy, with target prices ranging from $0.4 to $0.4 per share.
Coinbase Global has an elevated short interest of 21.4%. The stock's short ratio, or the number of days needed for all shorts to cover their positions, is 2.95. 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 | $885,785,316 |
| 2023-03-31 | ARK Investment Management, LLC | 6% | 11,776,015 | $768,031,712 |
| 2023-03-31 | Sumitomo Mitsui Trust Holdings, Inc. | 5% | 8,610,945 | $561,605,843 |
| 2023-03-31 | Nikko Asset Management Americas, Inc. | 4% | 8,298,784 | $541,246,702 |
| 2023-03-31 | Blackrock Inc. | 4% | 7,558,443 | $492,961,661 |
| 2023-03-31 | FMR, LLC | 4% | 6,791,776 | $442,959,639 |
| 2023-03-31 | Morgan Stanley | 2% | 4,161,132 | $271,389,034 |
| 2023-03-31 | Paradigm Operations LP | 2% | 3,705,596 | $241,678,975 |
| 2023-03-31 | State Street Corporation | 2% | 3,094,590 | $201,829,163 |
| 2023-03-31 | Geode Capital Management, LLC | 1% | 2,341,989 | $152,744,525 |
For these reasons, we consider that the Coinbase Global is the subject of mixed market sentiment.
