Coinbase Global (NASDAQ:COIN) Stock Price Target Lowered at The Goldman Sachs Group

Coinbase Global (NASDAQ:COIN) had its price target cut by The Goldman Sachs Group from $244.00 to $210.00 in a report published on Friday,Benzinga reports. They currently have a buy rating on the cryptocurrency exchange’s stock.

A number of other equities research analysts also recently weighed in on the stock. Raymond James Financial assumed coverage on shares of Coinbase Global in a research note on Wednesday, July 22nd. They issued a “market perform” rating on the stock. Sanford C. Bernstein reiterated an “outperform” rating and set a $330.00 price objective on shares of Coinbase Global in a research report on Friday, July 31st. BTIG Research reissued a “buy” rating and issued a $240.00 price objective on shares of Coinbase Global in a research note on Friday. Keefe, Bruyette & Woods began coverage on shares of Coinbase Global in a research report on Monday, September 28th. They issued an “outperform” rating and a $237.00 target price on the stock. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $300.00 target price on shares of Coinbase Global in a research note on Friday, July 31st. Twenty research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $216.57.

Coinbase Global Stock Performance

NASDAQ:COIN opened at $143.54 on Friday. The stock’s 50-day simple moving average is $179.74 and its 200 day simple moving average is $178.82. The firm has a market capitalization of $37.87 billion, a PE ratio of -50.72 and a beta of 3.41. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.45. Coinbase Global has a twelve month low of $136.89 and a twelve month high of $361.40.

Coinbase Global (NASDAQ:COIN) last released its earnings results 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). The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.29 billion. Coinbase Global had a negative net margin of 12.46% and a positive return on equity of 0.76%. The business’s revenue was down 18.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.14 EPS. On average, analysts anticipate that Coinbase Global will post -0.47 EPS for the current fiscal year.

Insider Transactions at Coinbase Global

In related news, CFO Alesia J. Haas sold 39,030 shares of Coinbase Global stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $205.24, for a total transaction of $8,010,517.20. Following the sale, the chief financial officer directly owned 345,376 shares in the company, valued at $70,884,970.24. This trade represents a 10.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jennifer N. Jones sold 2,062 shares of Coinbase Global stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $188.75, for a total transaction of $389,202.50. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 127,188 shares of company stock valued at $23,029,558. 16.66% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Coinbase Global

Several large investors have recently modified their holdings of COIN. Bank of New York Mellon Corp acquired a new stake in Coinbase Global in the second quarter valued at $142,995,000. National Pension Service lifted its holdings in Coinbase Global by 117.1% during the 2nd quarter. National Pension Service now owns 641,518 shares of the cryptocurrency exchange’s stock worth $93,784,000 after buying an additional 346,045 shares during the period. Southpoint Capital Advisors LP bought a new stake in shares of Coinbase Global in the 1st quarter valued at about $104,766,000. California State Teachers Retirement System grew its position in shares of Coinbase Global by 1.8% in the 1st quarter. California State Teachers Retirement System now owns 324,386 shares of the cryptocurrency exchange’s stock valued at $56,641,000 after buying an additional 5,758 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of Coinbase Global by 103.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 314,338 shares of the cryptocurrency exchange’s stock valued at $58,889,000 after buying an additional 159,636 shares during the last quarter. Institutional investors own 68.84% of the company’s stock.

Trending Headlines about Coinbase Global

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

• Positive Sentiment: Coinbase reported third-quarter net income of approximately $719 million, or $2.51 diluted EPS, exceeding expectations and ending a three-quarter losing streak. Lower operating expenses and gains on the company’s crypto holdings were major contributors. Coinbase net income surges 66% in third quarter
• Positive Sentiment: Coinbase is diversifying beyond spot crypto trading: subscription and services revenue represented about 49% of net revenue, while prediction markets surpassed a $200 million annualized revenue run rate. Management is also targeting stablecoins, tokenized assets and AI-agent payments. Coinbase Q3 earnings call highlights
• Positive Sentiment: The Binance breach could create an opportunity for Coinbase to attract customers seeking a regulated exchange and stronger custody safeguards. Several analysts retained bullish ratings, including HC Wainwright, BTIG and Cantor Fitzgerald. Binance hack could benefit Coinbase
• Neutral Sentiment: Goldman Sachs maintained a Buy rating but reduced its price target to $210, while Needham lowered its target to $197. These targets imply substantial upside but reflect increased near-term uncertainty.
• Neutral Sentiment: Coinbase said customer funds remained safe after an analytics-vendor incident involving contact information for a small subset of customers. The exchange also applied for authorization to continue operating under Brazil’s new crypto rules. Coinbase customer funds statement
• Negative Sentiment: Total revenue fell about 35% year over year to $1.22 billion, while transaction revenue declined sharply as crypto spot-trading volume weakened. Early fourth-quarter transaction revenue also suggested that trading conditions had not materially improved. Weak trading revenue pressures Coinbase
• Negative Sentiment: Investors questioned the quality of the profit because roughly $715 million came from crypto investment gains, leaving adjusted net income near $78 million. Barclays cut its rating to Underweight and lowered its price target to $120; Wells Fargo also reduced its target to $174.
• Negative Sentiment: The Binance hack triggered a broad crypto-equity selloff and raised concerns about stablecoin concentration and control risk, as Circle froze approximately $800 million in USDC and Coinbase reportedly holds nearly 30% of outstanding USDC. Insider sales have also added pressure, with no reported open-market purchases in the past six months. Coinbase USDC concentration

Coinbase Global Company Profile

Coinbase Global, Inc operates a digital-asset financial infrastructure and technology platform. Through its Coinbase platform, the company enables individuals and institutions to buy, sell, store, transfer and use cryptocurrencies and other digital assets. Its services are designed to support both retail customers and institutional participants in the digital-asset economy.

The company offers cryptocurrency trading, custody and staking services, as well as subscription products and institutional solutions.