Coinbase Global stock is trading -45.85% below its average target price of $330.25 after dropping -17.8% during today's afternoon session. Analysts are giving the Large-Cap Diversified Financial company an average rating of buy and target prices ranging from $170.0 to $475.0 per share.
Coinbase Global's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 3.7%. The stock's short ratio is 0.87. The company's insiders own 2.36% 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 58.6%. In conclusion, we believe there is positive market sentiment regarding Coinbase Global.
Institutions Invested in Coinbase Global
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-12-31 | Vanguard Group Inc | 9% | 18,419,097 | $3,293,703,060 |
| 2024-12-31 | Blackrock Inc. | 6% | 12,339,769 | $2,206,597,582 |
| 2024-12-31 | FMR, LLC | 4% | 7,770,185 | $1,389,464,538 |
| 2024-12-31 | Jane Street Group, LLC | 3% | 6,566,266 | $1,174,179,734 |
| 2024-12-31 | State Street Corporation | 2% | 4,395,737 | $786,045,722 |
| 2024-12-31 | Paradigm Operations LP | 2% | 4,128,033 | $738,174,891 |
| 2024-12-31 | Geode Capital Management, LLC | 2% | 3,552,694 | $635,292,767 |
| 2024-12-31 | ARK Investment Management, LLC | 1% | 3,034,645 | $542,655,241 |
| 2024-12-31 | Sumitomo Mitsui Trust Holdings, Inc. | 1% | 2,854,409 | $510,425,438 |
| 2024-12-31 | Morgan Stanley | 1% | 2,636,695 | $471,493,819 |
