Coinbase Global stock is trading -12.4% below its average target price of $251.39 after marking a 7.8% during today's afternoon session. Analysts are giving the Large-Cap Diversified Financial company an average rating of buy and target prices ranging from $160.0 to $380.0 per share.
The stock has an average amount of shares sold short at 5.5%, and a short ratio of 1.46. The company's insiders own 2.41% 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 55.8% of Coinbase Global's shares being owned by this investor type.
Institutions Invested in Coinbase Global
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Vanguard Group Inc | 9% | 17,657,059 | $3,888,261,080 |
| 2024-06-30 | FMR, LLC | 5% | 11,032,887 | $2,429,552,120 |
| 2024-06-30 | Blackrock Inc. | 5% | 10,982,136 | $2,418,376,242 |
| 2024-06-30 | Paradigm Operations LP | 2% | 4,515,596 | $994,379,425 |
| 2024-06-30 | State Street Corporation | 2% | 4,142,881 | $912,303,852 |
| 2024-06-30 | ARK Investment Management, LLC | 2% | 3,558,701 | $783,661,571 |
| 2024-06-30 | Sumitomo Mitsui Trust Holdings, Inc. | 2% | 3,129,708 | $689,193,019 |
| 2024-06-30 | Geode Capital Management, LLC | 2% | 3,111,231 | $685,124,199 |
| 2024-06-30 | Jane Street Group, LLC | 2% | 3,042,010 | $669,881,042 |
| 2024-06-30 | Nikko Asset Management Americas, Inc. | 1% | 2,689,484 | $592,251,289 |
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Coinbase Global.
