Analyzing the Future of Coinbase Global Stock

Shares of Coinbase Global rose to $237.65 during today's morning trading session. Despite the 8.6% change, the Large-Cap Diversified Financial company still trades 59312.5% 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 hold.

The stock has an average amount of shares sold short at 5.4%, and a short ratio of 1.21. The company's insiders own 2.42% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 53.6% of Coinbase Global's shares being owned by this investor type.

Institutions Invested in Coinbase Global

Date Reported Holder Percentage Shares Value
2024-03-31 Vanguard Group Inc 8% 16,906,269 $4,017,774,724
2024-03-31 FMR, LLC 5% 10,227,383 $2,430,537,507
2024-03-31 Blackrock Inc. 5% 9,202,827 $2,187,051,780
2024-03-31 Conrad N. Hilton Foundation 3% 6,037,773 $1,434,876,716
2024-03-31 Paradigm Operations LP 2% 4,515,596 $1,073,131,361
2024-03-31 ARK Investment Management, LLC 2% 4,421,013 $1,050,653,712
2024-03-31 State Street Corporation 2% 3,795,585 $902,020,752
2024-03-31 Sumitomo Mitsui Trust Holdings, Inc. 2% 3,428,620 $814,811,522
2024-03-31 Morgan Stanley 2% 3,337,269 $793,101,957
2024-03-31 Nikko Asset Management Americas, Inc. 2% 3,017,780 $717,175,398

Besides an analyst belief that shares are overpriced, other market factors point to there being mixed market sentiment on Coinbase Global.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.