Coinbase’s stock has been weak this week, with its market value falling below that of Block (the company behind Square) for the first time, The Block reported.

Barclays adjusted its stance on Coinbase on Friday, lowering its price target to $169 from $206 but upgrading the company's rating to "equal weight" from "underweight."

Block, Inc., the parent company of subsidiaries including payment processing company Square, music streaming service Tidal and bitcoin funding initiative Spiral, surpassed Coinbase in market value for the first time since March.

Coinbase’s stock slid this week as crypto market prices fell, posting its worst performance of the year. Coinbase surpassed Block Inc.’s market value for the first time in March, according to data from Blockchain.

Meanwhile, investment bank Barclays adjusted its rating on Coinbase from "underweight" to "equal weight," meaning it is expected to perform in line with the rest of the industry over the next 12 months. Barclays believes that the maturity of the regulatory environment, steady diversification, and strong industry leadership indicate that the business is maturing and revenue is reliable.

However, the bank also lowered its price forecast for Coinbase stock to $169, down from $206. Coinbase shares hit a year-to-date high of $279.71 on March 25 and closed at $147.35 as of Friday.

Coinbase scored a small victory last week when a New York judge ruled that the SEC must provide Coinbase with certain documents related to the agency’s lawsuit against the company; however, the exchange’s attempt to subpoena SEC Chairman Gary Gensler was denied.

“While we may have withdrawn a particular request, and the judge recognized some reasonable limitations, this is an order granting the core discovery we have been seeking for months,” Coinbase Chief Legal Officer Paul Grewal told Blockchain.