Coinbase Global (NASDAQ:COIN) Upgraded to Sell at Wall Street Zen

Wall Street Zen upgraded shares of Coinbase Global (NASDAQ:COIN) from a strong sell rating to a sell rating in a research report released on Saturday,Wall Street Zen reports.

Several other research analysts have also issued reports on the company. Benchmark cut their price target on Coinbase Global from $270.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, July 31st. HC Wainwright restated a “buy” rating and issued a $240.00 price objective on shares of Coinbase Global in a research note on Friday. Keefe, Bruyette & Woods assumed coverage on Coinbase Global in a research report on Monday, September 28th. They set an “outperform” rating and a $237.00 target price for the company. Piper Sandler increased their target price on shares of Coinbase Global from $146.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, October 2nd. Finally, The Goldman Sachs Group lowered their price target on shares of Coinbase Global from $244.00 to $210.00 and set a “buy” rating on the stock in a report on Friday. Twenty research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Coinbase Global presently has a consensus rating of “Hold” and an average target price of $216.57.

Coinbase Global Stock Performance

NASDAQ:COIN opened at $143.54 on Friday. The company has a market capitalization of $37.87 billion, a PE ratio of -50.72 and a beta of 3.41. The company has a 50 day simple moving average of $179.74 and a two-hundred day simple moving average of $178.82. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.42 and a current ratio of 2.42. Coinbase Global has a fifty-two week low of $136.89 and a fifty-two week high of $361.40.

Coinbase Global (NASDAQ:COIN) last issued its quarterly 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). Coinbase Global had a positive return on equity of 0.76% and a negative net margin of 12.46%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the firm posted $5.14 EPS. The firm’s revenue for the quarter was down 18.5% on a year-over-year basis. Research analysts anticipate that Coinbase Global will post -0.50 earnings per share for the current year.

Insider Buying and Selling at Coinbase Global

In other news, Director Frederick Wilson sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $178.93, for a total value of $1,789,300.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Marc Andreessen sold 6,838 shares of the firm’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $198.00, for a total transaction of $1,353,924.00. Following the completion of the transaction, the director directly owned 1,108,972 shares of the company’s stock, valued at approximately $219,576,456. This trade represents a 0.61% decrease in their ownership of the stock. 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 ninety days, insiders sold 127,188 shares of company stock worth $23,029,558. 16.66% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Coinbase Global

A number of large investors have recently made changes to their positions in COIN. Fulton Bank N.A. increased its position in shares of Coinbase Global by 1.1% during the first quarter. Fulton Bank N.A. now owns 4,942 shares of the cryptocurrency exchange’s stock valued at $863,000 after buying an additional 53 shares during the period. Wealthcare Advisory Partners LLC boosted its position in shares of Coinbase Global by 2.1% in the second quarter. Wealthcare Advisory Partners LLC now owns 3,381 shares of the cryptocurrency exchange’s stock valued at $494,000 after acquiring an additional 69 shares during the period. Aspen Grove Capital LLC boosted its position in shares of Coinbase Global by 2.1% in the first quarter. Aspen Grove Capital LLC now owns 3,439 shares of the cryptocurrency exchange’s stock valued at $600,000 after acquiring an additional 71 shares during the period. Sage Rhino Capital LLC grew its stake in Coinbase Global by 0.4% during the first quarter. Sage Rhino Capital LLC now owns 17,059 shares of the cryptocurrency exchange’s stock valued at $2,979,000 after acquiring an additional 74 shares in the last quarter. Finally, Physician Wealth Advisors Inc. grew its stake in Coinbase Global by 53.7% during the third quarter. Physician Wealth Advisors Inc. now owns 229 shares of the cryptocurrency exchange’s stock valued at $43,000 after acquiring an additional 80 shares in the last quarter. 68.84% of the stock is owned by institutional investors.

Coinbase Global News Summary

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

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.