FY2025 EPS Estimate for Coinbase Global Raised by Analyst

Coinbase Global, Inc. (NASDAQ:COIN) – Research analysts at William Blair increased their FY2025 earnings per share estimates for shares of Coinbase Global in a report released on Thursday, October 30th. William Blair analyst A. Jeffrey now anticipates that the cryptocurrency exchange will post earnings per share of $4.60 for the year, up from their prior forecast of $4.42. The consensus estimate for Coinbase Global’s current full-year earnings is $7.22 per share.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings results on Thursday, October 30th. The cryptocurrency exchange reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.40. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.77 billion. Coinbase Global had a return on equity of 15.70% and a net margin of 41.99%.The company’s revenue for the quarter was up 55.1% on a year-over-year basis. During the same period last year, the business posted $0.28 EPS.

A number of other equities analysts also recently issued reports on the company. JMP Securities raised their price target on Coinbase Global from $400.00 to $440.00 and gave the stock a “market outperform” rating in a research note on Monday, July 14th. UBS Group set a $404.00 price target on Coinbase Global in a research note on Friday, October 24th. JPMorgan Chase & Co. lowered their target price on Coinbase Global from $404.00 to $399.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Williams Trading set a $405.00 target price on Coinbase Global in a research report on Thursday, July 31st. Finally, HC Wainwright upgraded Coinbase Global from a “sell” rating to a “buy” rating and lifted their target price for the company from $300.00 to $425.00 in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Coinbase Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $393.98.

Coinbase Global Stock Performance

COIN stock opened at $307.32 on Monday. The company has a market cap of $78.96 billion, a P/E ratio of 26.58 and a beta of 3.67. Coinbase Global has a 1 year low of $142.58 and a 1 year high of $444.64. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.40 and a quick ratio of 2.40. The stock’s fifty day moving average price is $333.90 and its 200-day moving average price is $309.45.

Institutional Investors Weigh In On Coinbase Global

Several large investors have recently made changes to their positions in COIN. Evelyn Partners Investment Management Europe Ltd increased its holdings in shares of Coinbase Global by 92.3% in the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 75 shares of the cryptocurrency exchange’s stock worth $29,000 after purchasing an additional 36 shares during the last quarter. McClarren Financial Advisors Inc. bought a new stake in shares of Coinbase Global in the first quarter worth about $30,000. Cullen Frost Bankers Inc. bought a new stake in shares of Coinbase Global in the second quarter worth about $30,000. Salomon & Ludwin LLC increased its holdings in shares of Coinbase Global by 4,400.0% in the third quarter. Salomon & Ludwin LLC now owns 90 shares of the cryptocurrency exchange’s stock worth $30,000 after purchasing an additional 88 shares during the last quarter. Finally, S Bank Fund Management Ltd bought a new stake in shares of Coinbase Global in the first quarter worth about $31,000. 68.84% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Alesia J. Haas sold 4,675 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $322.24, for a total value of $1,506,472.00. Following the transaction, the chief financial officer directly owned 89,220 shares in the company, valued at $28,750,252.80. The trade was a 4.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lawrence J. Brock sold 5,903 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $311.37, for a total value of $1,838,017.11. Following the completion of the transaction, the insider owned 478 shares in the company, valued at $148,834.86. The trade was a 92.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 180,657 shares of company stock valued at $59,552,326 over the last three months. Insiders own 23.43% of the company’s stock.

About Coinbase Global

Coinbase Global, Inc provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions.