Robert W. Baird Cuts Coinbase Global (NASDAQ:COIN) Price Target to $142.00

Coinbase Global (NASDAQ:COIN) had its price target lowered by stock analysts at Robert W. Baird from $160.00 to $142.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the cryptocurrency exchange’s stock. Robert W. Baird’s target price points to a potential downside of 13.48% from the company’s previous close.

Several other analysts have also recently weighed in on the stock. Bank of America reduced their target price on shares of Coinbase Global from $288.00 to $234.00 in a report on Thursday, April 2nd. Weiss Ratings raised shares of Coinbase Global from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, May 29th. Cantor Fitzgerald raised their target price on shares of Coinbase Global from $221.00 to $250.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Wedbush set a $224.00 price target on shares of Coinbase Global in a research note on Friday, May 8th. Finally, JPMorgan Chase & Co. increased their price target on shares of Coinbase Global from $252.00 to $290.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Nineteen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Coinbase Global has a consensus rating of “Hold” and a consensus price target of $250.23.

Coinbase Global Stock Up 0.6%

Shares of NASDAQ:COIN opened at $164.13 on Friday. The firm’s 50 day moving average price is $186.63 and its 200 day moving average price is $207.97. The stock has a market cap of $43.24 billion, a price-to-earnings ratio of 61.70, a price-to-earnings-growth ratio of 5.65 and a beta of 3.32. Coinbase Global has a fifty-two week low of $139.36 and a fifty-two week high of $444.64. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.44.

Coinbase Global (NASDAQ:COIN) last issued its earnings results on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($1.55). The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.49 billion. Coinbase Global had a net margin of 12.20% and a return on equity of 4.16%. The firm’s revenue was down 30.5% compared to the same quarter last year. During the same period last year, the business earned $0.24 EPS. As a group, equities research analysts predict that Coinbase Global will post 1.77 earnings per share for the current fiscal year.

Insider Buying and Selling at Coinbase Global

In other news, Director Frederick R. Wilson sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $181.54, for a total transaction of $1,815,400.00. Following the transaction, the director directly owned 30,000 shares in the company, valued at approximately $5,446,200. This trade represents a 25.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul Grewal sold 1,960 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $176.88, for a total transaction of $346,684.80. Following the transaction, the insider owned 84,753 shares in the company, valued at approximately $14,991,110.64. This trade represents a 2.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 38,546 shares of company stock valued at $7,422,495. 16.66% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Coinbase Global

Hedge funds have recently modified their holdings of the business. West Family Investments Inc. grew its holdings in Coinbase Global by 3.3% in the 3rd quarter. West Family Investments Inc. now owns 1,029 shares of the cryptocurrency exchange’s stock valued at $347,000 after buying an additional 33 shares during the last quarter. Waterfront Wealth Inc. grew its holdings in shares of Coinbase Global by 4.8% during the 3rd quarter. Waterfront Wealth Inc. now owns 760 shares of the cryptocurrency exchange’s stock worth $241,000 after purchasing an additional 35 shares in the last quarter. GW&K Investment Management LLC grew its holdings in shares of Coinbase Global by 32.2% during the 3rd quarter. GW&K Investment Management LLC now owns 152 shares of the cryptocurrency exchange’s stock worth $51,000 after purchasing an additional 37 shares in the last quarter. Bridgewater Advisors Inc. grew its holdings in shares of Coinbase Global by 1.2% during the 3rd quarter. Bridgewater Advisors Inc. now owns 3,307 shares of the cryptocurrency exchange’s stock worth $1,116,000 after purchasing an additional 38 shares in the last quarter. Finally, Flagship Harbor Advisors LLC grew its holdings in shares of Coinbase Global by 2.0% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 2,229 shares of the cryptocurrency exchange’s stock worth $752,000 after purchasing an additional 44 shares in the last quarter. 68.84% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Coinbase Global

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

• Positive Sentiment: Coinbase and Better Mortgage completed the first U.S. Bitcoin-backed home loan approved by Fannie Mae, with a nationwide launch planned for 2026. This could open a new fee-generating use case for Coinbase’s crypto infrastructure and deepen mainstream adoption. Article Title
• Positive Sentiment: Coinbase launched pre-IPO perpetual futures starting with SpaceX for non-U.S. customers, expanding its derivatives lineup and potentially boosting trading volumes and revenue. Article Title
• Positive Sentiment: Coinbase also closed the first Bitcoin-backed home loan deal and introduced token-backed mortgage down-payment products, reinforcing its push into real-world financial services and crypto utility. Article Title
• Neutral Sentiment: Coinbase froze more than $3 million in crypto tied to Southeast Asia scam networks as part of a broader DOJ-backed fraud crackdown. The move supports trust and compliance, but it is unlikely to materially move earnings on its own. Article Title
• Neutral Sentiment: Coinbase Ventures bought ENA as Ethena scales USDe, and Base network payment activity surpassed 100 million transactions, showing continued ecosystem growth. These are constructive long-term signals, but the near-term stock impact is limited. Article Title
• Negative Sentiment: Bitcoin’s sharp pullback below key support levels is pressuring Coinbase, since weaker crypto prices typically reduce trading activity and hurt sentiment for crypto-exchange stocks. Article Title
• Negative Sentiment: Technical analysts say Bitcoin weakness is spilling over into Coinbase, with charts showing deteriorating momentum and added downside risk for the stock. Article Title
• Negative Sentiment: Sentiment was also weighed down by insider selling after Coinbase director Frederick Wilson sold 10,000 shares in a prearranged transaction. Article Title

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.