Coinbase Global’s (COIN) Buy Rating Reiterated at BTIG Research

BTIG Research reaffirmed their buy rating on shares of Coinbase Global (NASDAQ:COIN) in a research note published on Thursday morning,Benzinga reports. The firm currently has a $420.00 price objective on the cryptocurrency exchange’s stock.

A number of other research analysts have also recently commented on the company. President Capital raised their target price on Coinbase Global from $401.00 to $472.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Bank of America decreased their price objective on Coinbase Global from $369.00 to $340.00 in a report on Wednesday, October 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Coinbase Global in a research report on Tuesday, October 14th. Benchmark restated a “buy” rating on shares of Coinbase Global in a report on Friday, October 31st. Finally, Mizuho set a $280.00 price target on shares of Coinbase Global in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Coinbase Global has a consensus rating of “Moderate Buy” and an average price target of $383.54.

Coinbase Global Trading Up 2.5%

Shares of COIN opened at $245.12 on Thursday. Coinbase Global has a 1-year low of $142.58 and a 1-year high of $444.64. 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 firm’s 50-day moving average price is $293.75 and its 200-day moving average price is $318.45. The firm has a market capitalization of $66.09 billion, a price-to-earnings ratio of 21.20 and a beta of 3.69.

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

Insider Buying and Selling at Coinbase Global

In other news, Director Frederick Ernest Ehrsam III sold 2,750 shares of the stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $280.27, for a total transaction of $770,742.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Paul Grewal sold 976 shares of the firm’s stock in a transaction that occurred on 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 directly owned 74,835 shares of the company’s stock, valued at $19,457,100. This trade represents a 1.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 791,804 shares of company stock worth $240,485,568 in the last 90 days. Insiders own 16.56% of the company’s stock.

Institutional Trading of Coinbase Global

Several institutional investors have recently added to or reduced their stakes in COIN. Cadent Capital Advisors LLC lifted its holdings in shares of Coinbase Global by 1.0% during the second quarter. Cadent Capital Advisors LLC now owns 3,162 shares of the cryptocurrency exchange’s stock valued at $1,108,000 after purchasing an additional 30 shares in the last quarter. Ameriflex Group Inc. raised its position in Coinbase Global by 20.0% in the 2nd quarter. Ameriflex Group Inc. now owns 180 shares of the cryptocurrency exchange’s stock worth $68,000 after buying an additional 30 shares during the last quarter. Capital Advisors Wealth Management LLC lifted its stake in Coinbase Global by 2.0% during the 3rd quarter. Capital Advisors Wealth Management LLC now owns 1,549 shares of the cryptocurrency exchange’s stock valued at $523,000 after acquiring an additional 30 shares during the period. Elevation Wealth Partners LLC boosted its holdings in shares of Coinbase Global by 37.6% during the 3rd quarter. Elevation Wealth Partners LLC now owns 117 shares of the cryptocurrency exchange’s stock valued at $39,000 after acquiring an additional 32 shares during the last quarter. Finally, West Family Investments Inc. boosted its holdings in shares of Coinbase Global by 3.3% during the 3rd quarter. West Family Investments Inc. now owns 1,029 shares of the cryptocurrency exchange’s stock valued at $347,000 after acquiring an additional 33 shares during the last quarter. 68.84% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Coinbase Global

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

• Positive Sentiment: Coinbase rolled out stock trading, Kalshi-powered prediction markets, derivatives and tokenization features as part of an “everything exchange” strategy—this materially broadens addressable market and revenue streams. Reuters: Coinbase pushes into stock trading
• Positive Sentiment: Launched “Coinbase Custom Stablecoins” to help businesses issue dollar-backed tokens (and a separate Klarna collaboration to enable USDC funding), which could create recurring institutional fees and custody revenue. PYMNTS: Coinbase launches stablecoin-as-a-service
• Positive Sentiment: Klarna partnership to introduce USDC funding options expands payment rails and brings potential customer flow from a major fintech partner. TipRanks: Klarna partners with Coinbase
• Positive Sentiment: Base app launched in 140+ countries and TRON integration with Base enables broader token access on Coinbase’s Layer 2, supporting user growth and on?chain activity. Bitcoin.com: Base app goes live Newsfile: TRON integrates with Base
• Neutral Sentiment: Deutsche Bank initiated coverage with a buy and BTIG reaffirmed a buy and high price target—supportive analyst views but not immediate fundamental change. MSN: Deutsche Bank initiates coverage
• Negative Sentiment: Coinbase filed lawsuits in Michigan, Illinois and Connecticut challenging state attempts to block prediction markets—this defends the new business line but creates near-term legal and regulatory uncertainty. PYMNTS: Coinbase files lawsuits
• Negative Sentiment: An 800,000 BTC wallet restructuring by Coinbase distorted on?chain UTXO metrics and led some outlets to report misleading selling activity—this spurred short?term market noise and scrutiny. Blockonomi: Wallet restructuring distorted data
• Negative Sentiment: Insider selling by CFO Alesia Haas was disclosed (recent Form 4 filings), and a shareholder outreach notice from Halper Sadeh suggests potential investor litigation—both can weigh on sentiment. SEC Form 4: Insider sale GlobeNewswire: Halper Sadeh notice

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.