HC Wainwright Lowers Coinbase Global (NASDAQ:COIN) Price Target to $350.00

Coinbase Global (NASDAQ:COIN) had its price target reduced by investment analysts at HC Wainwright from $425.00 to $350.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the cryptocurrency exchange’s stock. HC Wainwright’s target price indicates a potential upside of 132.87% from the company’s previous close.

A number of other equities analysts have also recently commented on the company. Monness Crespi & Hardt upgraded shares of Coinbase Global from a “neutral” rating to a “buy” rating and set a $375.00 price target on the stock in a research report on Monday, November 10th. Compass Point reduced their target price on shares of Coinbase Global from $230.00 to $190.00 and set a “sell” rating on the stock in a report on Friday, January 23rd. Piper Sandler cut their price objective on shares of Coinbase Global from $350.00 to $270.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. The Goldman Sachs Group lifted their price target on Coinbase Global from $303.00 to $310.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Finally, Cantor Fitzgerald reduced their price objective on Coinbase Global from $277.00 to $221.00 and set an “overweight” rating for the company in a research note on Monday. Twenty analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $340.08.

Coinbase Global Price Performance

COIN traded down $12.21 on Wednesday, hitting $150.30. 8,743,287 shares of the company’s stock traded hands, compared to its average volume of 10,846,714. The firm has a market cap of $40.53 billion, a price-to-earnings ratio of 12.96 and a beta of 3.70. The company’s 50 day simple moving average is $231.73 and its 200-day simple moving average is $288.26. Coinbase Global has a one year low of $142.58 and a one year high of $444.64. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.37.

Insider Transactions at Coinbase Global

In other Coinbase Global news, CFO Alesia J. Haas sold 364,600 shares of Coinbase Global stock in a transaction on Friday, February 6th. The shares were sold at an average price of $154.95, for a total value of $56,494,770.00. Following the completion of the transaction, the chief financial officer owned 402,165 shares of the company’s stock, valued at $62,315,466.75. The trade was a 47.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Frederick Ernest Ehrsam III sold 1,375 shares of Coinbase Global stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $250.27, for a total transaction of $344,121.25. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 672,498 shares of company stock valued at $137,109,701. 16.56% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of COIN. Integrated Wealth Concepts LLC lifted its position in Coinbase Global by 24.2% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,119 shares of the cryptocurrency exchange’s stock worth $365,000 after buying an additional 413 shares in the last quarter. Empowered Funds LLC boosted its holdings in Coinbase Global by 25.8% in the 1st quarter. Empowered Funds LLC now owns 8,581 shares of the cryptocurrency exchange’s stock valued at $1,478,000 after purchasing an additional 1,761 shares during the period. Focus Partners Wealth grew its position in Coinbase Global by 9.9% in the 1st quarter. Focus Partners Wealth now owns 5,202 shares of the cryptocurrency exchange’s stock worth $896,000 after purchasing an additional 467 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of Coinbase Global during the 2nd quarter worth about $285,000. Finally, US Bancorp DE increased its holdings in shares of Coinbase Global by 25.6% during the 2nd quarter. US Bancorp DE now owns 9,280 shares of the cryptocurrency exchange’s stock worth $3,253,000 after purchasing an additional 1,893 shares during the period. 68.84% of the stock is owned by institutional investors and hedge funds.

Key Coinbase Global News

Here are the key news stories impacting Coinbase Global this week:

• Positive Sentiment: Interactive Brokers added Coinbase Derivatives nano and perpetual futures to its platform — expands derivatives distribution and could support fee revenue growth. Interactive Brokers expansion
• Positive Sentiment: Long-term bullish pieces highlight Coinbase’s profitability and “everything exchange” strategy as cushions against market weakness — a reminder some investors still view COIN as a multi-year growth/profit compounder. Fool: Coinbase profitability
• Neutral Sentiment: Options market is pricing a sizable post-earnings move (~9.4%), raising near-term volatility risk for shareholders but not directional information. Options implied move
• Neutral Sentiment: Coinbase is shifting its Base app away from social rewards toward a trading-focused product; this reduces discretionary spend but narrows consumer ambitions. Base App pivot
• Neutral Sentiment: Marketing/brand items (e.g., the Super Bowl ad) boost awareness but are unlikely to move fundamentals ahead of earnings. Super Bowl ad
• Negative Sentiment: JPMorgan cut its COIN price target sharply (from $399 to $290) ahead of earnings — a high-profile downgrade that typically pressures the stock. JPMorgan price target cut
• Negative Sentiment: Cantor Fitzgerald and other shops trimmed targets and forecasts, reinforcing analyst-driven downside narratives around slowing fees and USDC/volume weakness. Cantor Fitzgerald target cut
• Negative Sentiment: CFO Alesia Haas sold 364,600 shares (disclosed filing) — a large insider sale that can spook investors even if not tied to company fundamentals. SEC Form 4 filing
• Negative Sentiment: Quant/systematic signals and headline commentators are bearish (Seeking Alpha’s quant flagged a “sell”; Jim Cramer said he wouldn’t touch COIN), adding momentum to selling ahead of results. Quant sell signal Cramer comment
• Negative Sentiment: Regulatory/political friction and competitor data (Hyperliquid outpacing Coinbase in areas) raise medium-term growth and market-share concerns. Regulatory friction Competition

About Coinbase Global

Coinbase Global, Inc is a U.S.-based company that operates one of the largest cryptocurrency exchange platforms. Founded in 2012 by Brian Armstrong and Fred Ehrsam and headquartered in San Francisco, Coinbase provides technology and infrastructure to buy, sell, store and use a broad range of digital assets. The company became a public company through a direct listing on the NASDAQ in April 2021 and offers services tailored to both retail and institutional customers.

Coinbase’s product portfolio includes its consumer trading platform, a self-custody mobile wallet, and institutional services such as custody, prime brokerage and execution tools.