Coinbase Global, Inc. (NASDAQ:COIN) Stock Has Average Target Price of $219.97

Shares of Coinbase Global, Inc. (NASDAQ:COIN) have been given an average rating of “Hold” by the thirty-six ratings firms that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and twenty have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $222.97.

A number of brokerages recently weighed in on COIN. Cantor Fitzgerald reissued an “overweight” rating and issued a $212.00 price target on shares of Coinbase Global in a report on Monday, August 31st. Argus restated a “hold” rating on shares of Coinbase Global in a report on Wednesday, August 26th. Robert W. Baird lifted their price objective on shares of Coinbase Global from $130.00 to $205.00 and gave the stock a “neutral” rating in a research report on Monday, September 28th. Canaccord Genuity Group reiterated a “buy” rating and issued a $300.00 target price on shares of Coinbase Global in a research note on Friday, July 31st. Finally, Barclays reduced their target price on shares of Coinbase Global from $99.00 to $95.00 and set an “underweight” rating for the company in a research report on Friday, July 31st.

Coinbase Global Stock Down 3.3%

COIN stock opened at $183.00 on Friday. The stock’s fifty day simple moving average is $173.36 and its two-hundred day simple moving average is $175.94. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.45. Coinbase Global has a 1-year low of $139.11 and a 1-year high of $402.16. The stock has a market cap of $48.28 billion, a P/E ratio of -47.66 and a beta of 3.41.

Coinbase Global (NASDAQ:COIN) last announced its quarterly earnings data on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.92). Coinbase Global had a negative net margin of 15.72% and a positive return on equity of 3.12%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the company earned $5.14 EPS. The firm’s revenue for the quarter was down 18.5% compared to the same quarter last year. Analysts expect that Coinbase Global will post -0.48 EPS for the current year.

Insider Transactions at Coinbase Global

In other Coinbase Global news, CAO Jennifer N. Jones sold 2,062 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $188.75, for a total value of $389,202.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Alesia J. Haas sold 39,030 shares of the company’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of $205.24, for a total value of $8,010,517.20. Following the transaction, the chief financial officer directly owned 345,376 shares in the company, valued at $70,884,970.24. This represents a 10.15% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 106,674 shares of company stock worth $19,129,436 in the last ninety days. Company insiders own 16.66% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank purchased a new position in Coinbase Global during the fourth quarter valued at approximately $656,744,000. Capital World Investors lifted its stake in Coinbase Global by 847.2% in the 4th quarter. Capital World Investors now owns 1,536,534 shares of the cryptocurrency exchange’s stock worth $347,472,000 after purchasing an additional 1,374,318 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Coinbase Global in the 2nd quarter worth approximately $142,995,000. Southpoint Capital Advisors LP bought a new position in Coinbase Global in the 1st quarter valued at $104,766,000. Finally, National Pension Service boosted its holdings in Coinbase Global by 117.1% in the 2nd quarter. National Pension Service now owns 641,518 shares of the cryptocurrency exchange’s stock valued at $93,784,000 after purchasing an additional 346,045 shares during the period. Institutional investors own 68.84% of the company’s stock.

Coinbase Global News Roundup

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

• Positive Sentiment: Coinbase continues to expand its ecosystem. The company completed the migration of its international derivatives business to Deribit, while recent U.S. expansion of stock and ETF trading and plans for tokenized equities could create additional revenue opportunities. Coinbase Moves Derivatives to Deribit, What Changes Now?
• Positive Sentiment: Analyst sentiment remains broadly constructive, with several price targets above the current trading level and a reported median target of $240. Recent regulatory developments also include expanded opportunities in U.S. derivatives. Wall Street Target Hikes
• Neutral Sentiment: Bitcoin was higher while COIN weakened, suggesting the move was not caused solely by broad crypto-market weakness. Coinbase’s status page reportedly showed no major platform outage, reducing the likelihood of an operational disruption as the catalyst. Coinbase Pullback Analysis
• Negative Sentiment: Investors may be locking in gains after recent product-related enthusiasm. The stock’s high beta makes it vulnerable to sharp reversals, particularly because Coinbase’s latest quarter included a net loss, lower-than-expected revenue and challenging market conditions.
• Negative Sentiment: Reported insider activity is a notable overhang: 70 insider sales and no purchases were recorded over the past six months, including sales by Chief Financial Officer Alesia Haas. Institutional positioning was also mixed, with more funds reducing holdings than adding shares.
• Negative Sentiment: The failure of the proposed CLARITY Act leaves uncertainty around the regulatory framework for digital assets, despite Coinbase and other industry participants spending heavily to support the legislation. Crypto Industry CLARITY Act Lobbying

Coinbase Global Company Profile

Coinbase Global, Inc operates a digital-asset platform that enables individuals, businesses and institutions to buy, sell, store and use cryptocurrencies. Its services include a cryptocurrency exchange, digital-asset custody, staking and related trading products, as well as tools designed to support institutional participation in the crypto economy.

The company also offers Coinbase Wallet, a self-custody wallet that allows users to manage digital assets and interact with decentralized applications.