Coinbase Global, Inc. (NASDAQ:COIN) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Coinbase Global, Inc. (NASDAQ:COIN) have received an average recommendation of “Moderate Buy” from the thirty-one ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation, eighteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $379.8767.

A number of brokerages recently issued reports on COIN. Argus reiterated a “hold” rating on shares of Coinbase Global in a research note on Tuesday, November 25th. JPMorgan Chase & Co. dropped their target price on shares of Coinbase Global from $404.00 to $399.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Rothschild Redb raised shares of Coinbase Global from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 3rd. The Goldman Sachs Group set a $294.00 price objective on Coinbase Global and gave the company a “neutral” rating in a research report on Thursday, December 18th. Finally, Monness Crespi & Hardt upgraded Coinbase Global from a “neutral” rating to a “buy” rating and set a $375.00 target price on the stock in a research note on Monday, November 10th.

Insiders Place Their Bets

In other news, insider Paul Grewal sold 976 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $260.00, for a total transaction of $253,760.00. Following the sale, the insider owned 74,835 shares of the company’s stock, valued at $19,457,100. This trade represents a 1.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Frederick Ernest Ehrsam III sold 1,375 shares of Coinbase Global stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $252.82, for a total transaction of $347,627.50. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 833,179 shares of company stock valued at $250,839,195. 16.56% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Coinbase Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Triumph Capital Management purchased a new stake in Coinbase Global during the 3rd quarter valued at $312,000. Sherman Porfolios LLC bought a new stake in shares of Coinbase Global in the third quarter worth $200,000. Keel Point LLC increased its position in Coinbase Global by 32.2% during the third quarter. Keel Point LLC now owns 829 shares of the cryptocurrency exchange’s stock valued at $280,000 after acquiring an additional 202 shares during the last quarter. FNY Investment Advisers LLC lifted its holdings in Coinbase Global by 124.6% in the third quarter. FNY Investment Advisers LLC now owns 4,216 shares of the cryptocurrency exchange’s stock valued at $1,422,000 after acquiring an additional 2,339 shares during the period. Finally, New Mexico Educational Retirement Board boosted its position in Coinbase Global by 5.5% in the third quarter. New Mexico Educational Retirement Board now owns 9,600 shares of the cryptocurrency exchange’s stock worth $3,240,000 after purchasing an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Coinbase Global News Summary

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

• Positive Sentiment: PNC bank partnership expands institutional/retail distribution of Coinbase services — this is a concrete business development that can grow volumes and client access over time. Article Title Article Title
• Neutral Sentiment: CEO Brian Armstrong’s public defense of Bitcoin as “good for the USD” is pro-adoption messaging that supports long-term demand for Coinbase services but is unlikely to move near-term revenue. Article Title
• Neutral Sentiment: Armstrong’s prediction that banks will eventually lobby for stablecoin yields signals an expected evolution in the market (potentially positive long term) but doubles as a reminder of policy and competitive uncertainty. Article Title
• Neutral Sentiment: General market quote pages and share-tracking posts are circulating but add little newinfo beyond intraday price moves. Article Title
• Negative Sentiment: Needham cut earnings/industry estimates and lowered Coinbase’s price target from $400 to $290 — the downgrade in expectations is pressuring the stock despite Needham keeping a “buy” rating. Article Title Needham interview
• Negative Sentiment: Market indicators show Bitcoin stalling (around the $87–90k area) and the Coinbase Premium Index moving deep red — weaker crypto price action tends to hit Coinbase transaction revenue and investor sentiment. Article Title
• Negative Sentiment: Armstrong’s warning about reopening the GENIUS Act and his call-out of bank lobbying highlights regulatory risk and political friction that could create uncertainty or headwinds for Coinbase’s product roadmap (stablecoin rewards/competition). Article Title

Coinbase Global Stock Down 1.3%

Shares of NASDAQ:COIN opened at $233.77 on Thursday. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.37. The stock has a fifty day simple moving average of $281.67 and a two-hundred day simple moving average of $318.48. Coinbase Global has a 12-month low of $142.58 and a 12-month high of $444.64. The stock has a market capitalization of $63.03 billion, a price-to-earnings ratio of 20.22 and a beta of 3.69.

Coinbase Global (NASDAQ:COIN) last released its earnings results on Thursday, October 30th. The cryptocurrency exchange reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.40. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Coinbase Global had a return on equity of 15.70% and a net margin of 41.99%.The company’s quarterly revenue was up 55.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.28 earnings per share. On average, research analysts anticipate that Coinbase Global will post 7.22 earnings per share for the current fiscal year.

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.