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

BTIG Research restated their buy rating on shares of Coinbase Global (NASDAQ:COIN) in a research report sent to investors on Wednesday morning, MarketBeat reports. The firm currently has a $240.00 target price on the cryptocurrency exchange’s stock.

Several other research analysts also recently commented on COIN. Needham & Company LLC lowered their target price on Coinbase Global from $220.00 to $177.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Cantor Fitzgerald restated an “overweight” rating and issued a $212.00 price target on shares of Coinbase Global in a research note on Monday, August 31st. Argus reaffirmed a “hold” rating on shares of Coinbase Global in a report on Wednesday, August 26th. Piper Sandler upped their price objective on shares of Coinbase Global from $146.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, October 2nd. Finally, Mizuho set a $155.00 price objective on shares of Coinbase Global in a research report on Friday, July 31st. Twenty equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Coinbase Global presently has an average rating of “Hold” and an average target price of $224.60.

Coinbase Global Trading Up 4.3%

Shares of COIN opened at $179.39 on Wednesday. Coinbase Global has a 52-week low of $139.11 and a 52-week high of $402.16. The business’s fifty day moving average is $175.33 and its 200-day moving average is $175.16. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.42 and a current ratio of 2.42. The firm has a market cap of $47.33 billion, a price-to-earnings ratio of -46.72 and a beta of 3.41.

Coinbase Global (NASDAQ:COIN) last announced its quarterly earnings data on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) earnings per share for the quarter, missing the consensus estimate of ($0.44) by ($0.92). The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.29 billion. Coinbase Global had a positive return on equity of 3.12% and a negative net margin of 15.72%. Coinbase Global’s quarterly revenue was down 18.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.14 earnings per share. Equities analysts anticipate that Coinbase Global will post -0.48 EPS for the current fiscal year.

Insider Transactions at Coinbase Global

In other news, CAO Jennifer Jones sold 2,062 shares of Coinbase Global stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $188.75, for a total transaction of $389,202.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick Wilson sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $178.93, for a total value of $1,789,300.00. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 127,188 shares of company stock valued at $23,029,558. Company insiders own 16.66% of the company’s stock.

Institutional Investors Weigh In On Coinbase Global

A number of institutional investors have recently added to or reduced their stakes in the business. Fulton Bank N.A. increased its stake in shares of Coinbase Global by 1.1% in the 1st quarter. Fulton Bank N.A. now owns 4,942 shares of the cryptocurrency exchange’s stock valued at $863,000 after acquiring an additional 53 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its position in shares of Coinbase Global by 2.1% during the 2nd 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 stake in Coinbase Global by 2.1% during the first quarter. Aspen Grove Capital LLC now owns 3,439 shares of the cryptocurrency exchange’s stock worth $600,000 after acquiring an additional 71 shares in the last quarter. Sage Rhino Capital LLC boosted 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 worth $2,979,000 after acquiring an additional 74 shares in the last quarter. Finally, Armstrong Advisory Group Inc. grew its holdings in Coinbase Global by 45.1% in the third quarter. Armstrong Advisory Group Inc. now owns 280 shares of the cryptocurrency exchange’s stock worth $52,000 after purchasing an additional 87 shares during the period. 68.84% of the stock is owned by institutional investors.

Trending Headlines about Coinbase Global

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

• Positive Sentiment: Bitcoin rebound supports COIN: Bitcoin traded higher over the past 24 hours, helping Coinbase as a leveraged play on cryptocurrency activity. Analysts also noted the company’s record trading-volume market share, growing USDC balances, and efforts to diversify into derivatives and other products. Coinbase Global stock rises as bitcoin rebounds and analysts refresh targets
• Positive Sentiment: Samsung partnership expands USDC distribution: Coinbase is helping bring USDC functionality to U.S. Samsung Wallet users later this month. Wider access could support stablecoin transfers, payments, custody, and international remittances, strengthening Coinbase’s strategic “Everything Exchange” narrative. Coinbase-Samsung Deal Expands USDC Access Through Samsung Wallet
• Positive Sentiment: Analyst targets remain well above the market price: Morgan Stanley raised its target to $258 while maintaining an Equal Weight rating. Citizens JMP lowered its target to $280 from $325 but retained a Market Outperform rating. BTIG also reiterated a Buy rating with a $240 target, indicating analysts still see substantial potential upside despite volatility. Coinbase Has Lost 56% in a Year: Citizens JMP Sees 63% Upside
• Positive Sentiment: Derivatives and product expansion add longer-term support: Coinbase plans to broaden access to crypto options, stock trading, and global derivatives liquidity. These initiatives could diversify revenue beyond spot cryptocurrency trading. Coinbase connects US traders to global derivatives liquidity
• Neutral Sentiment: Government Bitcoin transfers create mixed implications: The U.S. government moved seized Bitcoin to Coinbase Prime, but there was no confirmed sale. The transfers could increase institutional custody activity for Coinbase, while any eventual liquidation could pressure Bitcoin prices and crypto sentiment. US government moves $770M of seized Bitcoin to Coinbase Prime
• Negative Sentiment: Insider selling remains a cautionary signal: Quiver data shows 72 insider sales and no purchases over the past six months, including sales by executives and directors. This does not necessarily indicate deteriorating fundamentals, but it may weigh on investor confidence.
• Negative Sentiment: Regulatory limitations affect new products: Coinbase will discontinue sports prediction markets for Michigan customers amid state regulatory pressure, limiting the near-term opportunity in that business. Coinbase Users in Michigan Will Lose Sports Markets This Weekend

About Coinbase Global

Coinbase Global, Inc operates a digital-asset platform that enables individuals, businesses and institutions to buy, sell, store and use cryptocurrencies. Its services include a cryptocurrency exchange, digital-asset custody, staking and related trading products, as well as tools designed to support institutional participation in the crypto economy.

The company also offers Coinbase Wallet, a self-custody wallet that allows users to manage digital assets and interact with decentralized applications.