Coinbase Global (NASDAQ:COIN) Given New $174.00 Price Target at Wells Fargo & Company

Coinbase Global (NASDAQ:COIN) had its target price reduced by analysts at Wells Fargo & Company from $200.00 to $174.00 in a research report issued on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the cryptocurrency exchange’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 24.16% from the stock’s current price.

COIN has been the subject of a number of other reports. Morgan Stanley raised their price target on Coinbase Global from $250.00 to $258.00 and gave the stock an “equal weight” rating in a research report on Friday, October 9th. Jefferies Financial Group reiterated a “hold” rating and issued a $174.00 target price on shares of Coinbase Global in a report on Friday. Sanford C. Bernstein reiterated an “outperform” rating and set a $330.00 price objective on shares of Coinbase Global in a research note on Friday, July 31st. Cantor Fitzgerald restated an “overweight” rating and set a $212.00 target price on shares of Coinbase Global in a research report on Friday. Finally, BTIG Research restated a “buy” rating and set a $240.00 target price on shares of Coinbase Global in a research report on Friday. Twenty investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $217.63.

Coinbase Global Price Performance

Shares of COIN traded down $20.45 during trading hours on Friday, reaching $140.14. 10,249,582 shares of the stock traded hands, compared to its average volume of 10,000,203. The company’s 50-day moving average price is $180.32 and its two-hundred day moving average price is $179.32. Coinbase Global has a 52-week low of $136.89 and a 52-week high of $361.40. The company has a market cap of $36.98 billion, a P/E ratio of -36.57 and a beta of 3.41. 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 (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 company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the business earned $5.14 earnings per share. The company’s quarterly revenue was down 18.5% compared to the same quarter last year. On average, analysts anticipate that Coinbase Global will post -0.47 earnings per share for the current year.

Insider Transactions at Coinbase Global

In other news, 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 completion of the transaction, the chief financial officer owned 345,376 shares in the company, valued at approximately $70,884,970.24. This represents a 10.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 on Monday, August 24th. The shares were sold at an average price of $188.75, for a total transaction of $389,202.50. 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 127,188 shares of company stock worth $23,029,558 over the last quarter. 16.66% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Coinbase Global

Several institutional investors have recently made changes to their positions in COIN. Integrity Alliance LLC. acquired a new stake in shares of Coinbase Global in the 3rd quarter worth approximately $355,000. Gerber Kawasaki Wealth & Investment Management acquired a new stake in Coinbase Global during the 3rd quarter worth approximately $325,000. BOCHK Asset Management Ltd acquired a new position in shares of Coinbase Global during the third quarter worth about $7,440,000. Greenleaf Trust lifted its position in shares of Coinbase Global by 55.6% during the third quarter. Greenleaf Trust now owns 3,183 shares of the cryptocurrency exchange’s stock worth $593,000 after purchasing an additional 1,138 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Coinbase Global in the third quarter worth about $10,669,000. 68.84% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Coinbase Global

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

• Positive Sentiment: Coinbase reported approximately $719 million in Q3 net income and returned to profitability after several loss-making quarters. Prediction markets surpassed $200 million in annualized revenue, while subscription and services revenue increased sequentially. Coinbase Q3 Earnings Show 66% Profit Jump as Prediction Markets Grow
• Positive Sentiment: Several analysts maintained bullish ratings, including BTIG, HC Wainwright, Cantor Fitzgerald, Needham and Rosenblatt, although some reduced their price targets. Coinbase also said customer funds were safe after a data incident at analytics vendor Amplitude, and it is pursuing authorization to continue operating in Brazil. Coinbase seeks Brazil crypto license
• Neutral Sentiment: Coinbase added Ripple’s RLUSD stablecoin to its retail, exchange and institutional platforms, potentially supporting future transaction and stablecoin-related revenue, but the immediate financial impact remains unclear. Ripple Brings Its Stablecoin to Coinbase’s Trading Platforms
• Negative Sentiment: Q3 revenue fell roughly 35% year over year to about $1.22 billion, while transaction revenue declined 44% to approximately $590 million. The company’s $719 million GAAP profit was largely supported by a roughly $715 million gain on crypto holdings; adjusted net income was only about $78 million, highlighting weak core operating momentum. Coinbase Profit Is Mostly Crypto Gains
• Negative Sentiment: Management’s report of approximately $165 million in transaction revenue through October 25 and Q4 subscription-and-services guidance of $550 million to $630 million reinforced concerns that trading volumes remain soft. Barclays lowered its target to $120 and assigned an underweight rating. Barclays Coinbase rating
• Negative Sentiment: Insider activity is an additional overhang: reported open-market transactions show 71 sales and no purchases over the past six months. A major Binance hack also increased broader concerns about crypto-sector security and investor confidence. Coinbase insider sale plans and shrinking revenue

About Coinbase Global

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.