Brokerages Set Coinbase Global, Inc. (NASDAQ:COIN) PT at $250.65

Shares of Coinbase Global, Inc. (NASDAQ:COIN) have been assigned a consensus rating of “Hold” from the thirty-three brokerages that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and eighteen have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $250.6516.

Several research firms have weighed in on COIN. Monness Crespi & Hardt reissued a “sell” rating on shares of Coinbase Global in a research note on Friday, June 5th. HC Wainwright lowered their target price on shares of Coinbase Global from $350.00 to $310.00 and set a “buy” rating for the company in a research note on Friday, May 8th. President Capital lifted their price target on shares of Coinbase Global from $236.00 to $264.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Mizuho boosted their price target on shares of Coinbase Global from $170.00 to $200.00 and gave the company a “neutral” rating in a report on Tuesday, May 12th. Finally, BTIG Research reaffirmed a “buy” rating and set a $280.00 price objective on shares of Coinbase Global in a research note on Wednesday, June 17th.

Coinbase Global Trading Down 5.1%

COIN stock opened at $150.10 on Thursday. The business has a fifty day moving average of $183.52 and a 200-day moving average of $198.09. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.44. The company has a market cap of $39.55 billion, a P/E ratio of 56.43, a PEG ratio of 5.59 and a beta of 3.32. Coinbase Global has a twelve month low of $139.36 and a twelve month high of $444.64.

Coinbase Global (NASDAQ:COIN) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $1.49 billion. Coinbase Global had a return on equity of 4.16% and a net margin of 12.20%.The business’s revenue for the quarter was down 30.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.24 earnings per share. As a group, equities research analysts expect that Coinbase Global will post 1.74 EPS for the current year.

Insider Activity at Coinbase Global

In other news, CFO Alesia J. Haas sold 10,020 shares of Coinbase Global stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $200.00, for a total transaction of $2,004,000.00. Following the transaction, the chief financial officer owned 377,201 shares in the company, valued at $75,440,200. The trade was a 2.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lawrence J. Brock sold 6,616 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $189.01, for a total value of $1,250,490.16. Following the completion of the transaction, the insider owned 517 shares of the company’s stock, valued at $97,718.17. This represents a 92.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 30,647 shares of company stock valued at $5,740,941 over the last 90 days. Insiders own 16.66% of the company’s stock.

Institutional Trading of Coinbase Global

A number of institutional investors have recently modified their holdings of COIN. Western Wealth Management LLC raised its position in Coinbase Global by 8.1% in the 1st quarter. Western Wealth Management LLC now owns 2,488 shares of the cryptocurrency exchange’s stock valued at $434,000 after buying an additional 187 shares during the last quarter. Rathbones Group PLC grew its stake in shares of Coinbase Global by 5.1% during the 1st quarter. Rathbones Group PLC now owns 5,188 shares of the cryptocurrency exchange’s stock worth $906,000 after acquiring an additional 252 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Coinbase Global by 23.9% in the first quarter. Parallel Advisors LLC now owns 14,331 shares of the cryptocurrency exchange’s stock valued at $2,502,000 after purchasing an additional 2,767 shares during the last quarter. Glenmede Trust Co. NA raised its holdings in shares of Coinbase Global by 59.4% in the first quarter. Glenmede Trust Co. NA now owns 3,632 shares of the cryptocurrency exchange’s stock valued at $634,000 after purchasing an additional 1,354 shares during the last quarter. Finally, Axiom Investment Management LLC bought a new stake in shares of Coinbase Global in the first quarter worth $218,000. 68.84% of the stock is currently owned by institutional investors.

Coinbase Global News Summary

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

• Positive Sentiment: Coinbase’s launch of pre-IPO perpetual futures tied to private AI names like OpenAI and Anthropic is seen as a potentially high-margin expansion beyond spot crypto trading. Coinbase Is Offering Pre-IPO Perpetual Futures on OpenAI and Anthropic. That’s Better News for COIN Stock Than It Is for You.
• Positive Sentiment: Analyst commentary is highlighting significant upside if crypto markets recover, with some models suggesting COIN could rebound sharply from current levels. Coinbase Could Jump 65% as Crypto Recovery Unfolds
• Neutral Sentiment: Coinbase-backed political efforts are benefiting from crypto-friendly primary wins, which may improve the regulatory backdrop over time, but the effect on near-term earnings is uncertain. Crypto-backed candidates notch wins in three US state primaries
• Neutral Sentiment: Investors are watching the upcoming CLARITY Act hearing on July 17, which could reshape U.S. crypto regulation and potentially benefit Coinbase if clearer rules emerge. Dear Coinbase Stock Fans, Mark Your Calendars for July 17
• Negative Sentiment: Bitcoin’s 30% drop from recent highs is weighing on Coinbase because the stock is closely tied to crypto trading volumes and market sentiment. Coinbase vs. Strategy: Which Bitcoin-Related Stock Is Worth the Risk?
• Negative Sentiment: Recent coverage also points to persistent weakness after Coinbase’s latest earnings and the market’s concern that lower crypto prices could continue to pressure transaction revenue. Here’s Why Coinbase Global, Inc. (COIN) Fell More Than Broader Market

Coinbase Global Company Profile

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.