Coinbase Global Q2 EPS Forecast Lowered by HC Wainwright

Coinbase Global, Inc. (NASDAQ:COIN) – Research analysts at HC Wainwright lowered their Q2 2026 earnings per share estimates for shares of Coinbase Global in a research note issued to investors on Wednesday, July 29th. HC Wainwright analyst M. Colonnese now anticipates that the cryptocurrency exchange will post earnings per share of ($0.02) for the quarter, down from their previous estimate of $0.05. HC Wainwright has a “Buy” rating and a $310.00 price target on the stock. The consensus estimate for Coinbase Global’s current full-year earnings is $1.42 per share. HC Wainwright also issued estimates for Coinbase Global’s FY2026 earnings at ($0.15) EPS.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings data on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) EPS for the quarter, missing analysts’ consensus estimates 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 business’s quarterly revenue was down 30.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.24 earnings per share.

Several other research analysts have also recently commented on COIN. Barclays reaffirmed an “underweight” rating and set a $95.00 target price on shares of Coinbase Global in a report on Friday. Rothschild & Co Redburn raised their price objective on Coinbase Global from $254.00 to $263.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Wolfe Research set a $325.00 price objective on Coinbase Global in a report on Thursday, July 9th. Weiss Ratings upgraded Coinbase Global from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Finally, JPMorgan Chase & Co. increased their target price on Coinbase Global from $252.00 to $290.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Eighteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $233.47.

Coinbase Global Stock Up 2.2%

COIN opened at $163.58 on Friday. Coinbase Global has a fifty-two week low of $139.18 and a fifty-two week high of $402.16. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.14 and a current ratio of 2.14. The stock has a fifty day moving average of $164.00 and a 200-day moving average of $181.97. The company has a market capitalization of $43.10 billion, a P/E ratio of 61.50, a P/E/G ratio of 10.30 and a beta of 3.35.

Hedge Funds Weigh In On Coinbase Global

Several large investors have recently modified their holdings of the business. MV Capital Management Inc. acquired a new position in shares of Coinbase Global during the fourth quarter worth $27,000. Palisade Asset Management LLC bought a new stake in shares of Coinbase Global in the third quarter worth $29,000. Osbon Capital Management LLC acquired a new stake in Coinbase Global in the fourth quarter valued at $30,000. Glen Eagle Advisors LLC increased its holdings in Coinbase Global by 101.1% in the first quarter. Glen Eagle Advisors LLC now owns 175 shares of the cryptocurrency exchange’s stock valued at $31,000 after purchasing an additional 88 shares during the period. Finally, Archer Investment Corp raised its position in Coinbase Global by 546.4% during the 1st quarter. Archer Investment Corp now owns 181 shares of the cryptocurrency exchange’s stock worth $32,000 after purchasing an additional 153 shares during the last quarter. Institutional investors own 68.84% of the company’s stock.

Insider Transactions at Coinbase Global

In related news, insider Paul Grewal sold 1,960 shares of Coinbase Global stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $176.88, for a total transaction of $346,684.80. Following the sale, the insider directly owned 84,753 shares in the company, valued at $14,991,110.64. This trade represents a 2.26% 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, Director Frederick R. Wilson sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $181.54, for a total transaction of $1,815,400.00. Following the sale, the director directly owned 30,000 shares in the company, valued at $5,446,200. The trade was a 25.00% 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. Insiders sold 30,627 shares of company stock worth $5,327,841 in the last 90 days. 16.66% of the stock is currently owned by company insiders.

Key Coinbase Global News

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

• Positive Sentiment: Coinbase captured a record 10.3% share of global crypto trading volume, up from 9.1% in the first quarter, indicating that it is gaining market share even as overall industry activity weakens. The company also highlighted growth in derivatives, stablecoins, tokenized finance, prediction markets and subscription services. Coinbase Q2 results and record market share
• Positive Sentiment: A Manhattan federal judge dismissed much of a customer lawsuit alleging Coinbase illegally sold unregistered securities, including claims involving matched customer transactions. The ruling could reduce legal exposure, although remaining claims may still create risk. Coinbase customer lawsuit ruling
• Neutral Sentiment: Management is lobbying for the Senate’s CLARITY Act, which could establish clearer crypto-market rules and potentially make it easier for Coinbase to expand products and attract institutional and retail customers. Passage and timing remain uncertain. CLARITY Act implications for Coinbase
• Negative Sentiment: Coinbase reported a GAAP net loss of $359.5 million, or $1.36 per diluted share, versus analysts’ expected loss of roughly $122 million, while revenue fell 18.5% year over year to $1.22 billion, below estimates near $1.29 billion to $1.31 billion. This marked the company’s third consecutive quarterly loss and its third straight revenue and earnings miss. Coinbase third-quarterly loss report
• Negative Sentiment: Lower spot-crypto trading volumes and subdued market volatility reduced transaction revenue and outweighed gains in subscription and services revenue. The results raise doubts about whether Coinbase can quickly diversify beyond its traditional exchange business.

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.