Coinbase Global stock is trading -28.21% below its average target price of $263.94 after dropping -7.3% during today's morning session. Analysts are giving the Large-Cap Diversified Financial company an average rating of buy and target prices ranging from $160.0 to $400.0 per share.
Coinbase Global's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 4.9%. The stock's short ratio is 1.32. The company's insiders own 2.42% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 51.7%. In conclusion, we believe there is positive market sentiment regarding Coinbase Global.
Institutions Invested in Coinbase Global
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 8% | 16,906,269 | $3,203,230,808 |
| 2024-03-31 | FMR, LLC | 5% | 10,227,383 | $1,937,782,269 |
| 2024-03-31 | Blackrock Inc. | 5% | 9,202,827 | $1,743,659,642 |
| 2024-03-31 | Paradigm Operations LP | 2% | 4,515,596 | $855,569,979 |
| 2024-03-31 | State Street Corporation | 2% | 3,795,585 | $719,149,494 |
| 2024-06-30 | ARK Investment Management, LLC | 2% | 3,558,701 | $674,267,082 |
| 2024-03-31 | Morgan Stanley | 2% | 3,337,269 | $632,312,361 |
| 2024-06-30 | Sumitomo Mitsui Trust Holdings, Inc. | 2% | 3,129,708 | $592,985,778 |
| 2024-03-31 | Nikko Asset Management Americas, Inc. | 1% | 3,017,780 | $571,778,780 |
| 2024-03-31 | Geode Capital Management, LLC | 1% | 2,822,257 | $534,733,037 |
