Robert W. Baird Cuts Coinbase Global (NASDAQ:COIN) Price Target to $160.00

Coinbase Global (NASDAQ:COIN) had its price target decreased by Robert W. Baird from $200.00 to $160.00 in a research report released on Friday,MarketScreener reports.

COIN has been the topic of several other reports. Benchmark cut their price objective on Coinbase Global from $267.00 to $260.00 and set a “buy” rating on the stock in a research report on Wednesday. Canaccord Genuity Group cut their price objective on Coinbase Global from $400.00 to $300.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Deutsche Bank Aktiengesellschaft set a $250.00 price objective on Coinbase Global in a research report on Friday, February 13th. HC Wainwright cut their price objective on Coinbase Global from $425.00 to $350.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. Finally, Raymond James Financial reissued a “market perform” rating on shares of Coinbase Global in a research report on Thursday, January 8th. Nineteen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $250.04.

Coinbase Global Stock Performance

NASDAQ:COIN opened at $201.16 on Friday. The business’s 50-day moving average is $189.05 and its two-hundred day moving average is $226.92. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.34 and a quick ratio of 2.34. Coinbase Global has a 12 month low of $139.36 and a 12 month high of $444.64. The firm has a market capitalization of $53.12 billion, a PE ratio of 75.62, a price-to-earnings-growth ratio of 4.54 and a beta of 3.38.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings data on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) EPS for the quarter, missing the consensus estimate of $0.06 by ($1.55). Coinbase Global had a net margin of 12.20% and a return on equity of 4.06%. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the business earned $0.24 earnings per share. The company’s revenue for the quarter was down 30.5% compared to the same quarter last year. Research analysts predict that Coinbase Global will post 2.78 earnings per share for the current fiscal year.

Insider Buying and Selling at Coinbase Global

In other news, CFO Alesia J. Haas sold 10,020 shares of the firm’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $200.00, for a total transaction of $2,004,000.00. Following the completion of the sale, the chief financial officer directly owned 377,201 shares in the company, valued at $75,440,200. This trade represents a 2.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 29,990 shares of company stock worth $6,013,920 in the last three months. 16.66% of the stock is owned by company insiders.

Institutional Trading of Coinbase Global

Several large investors have recently modified their holdings of COIN. Norges Bank acquired a new stake in shares of Coinbase Global during the fourth quarter valued at about $656,744,000. Vanguard Group Inc. grew its stake in shares of Coinbase Global by 8.3% during the third quarter. Vanguard Group Inc. now owns 26,216,793 shares of the cryptocurrency exchange’s stock valued at $8,847,905,000 after acquiring an additional 2,007,930 shares in the last quarter. Capital World Investors grew its stake in Coinbase Global by 847.2% in the fourth quarter. Capital World Investors now owns 1,536,534 shares of the cryptocurrency exchange’s stock worth $347,472,000 after purchasing an additional 1,374,318 shares in the last quarter. Ruffer LLP acquired a new position in Coinbase Global in the fourth quarter worth about $166,515,000. Finally, Artisan Partners Limited Partnership acquired a new position in Coinbase Global in the third quarter worth about $224,663,000. 68.84% of the stock is currently owned by institutional investors and hedge funds.

Coinbase Global News Roundup

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

• Positive Sentiment: Coinbase is expanding beyond spot crypto with new products, including gold and silver perpetual futures, prediction markets, and AI-agent payment infrastructure, which supports its “everything exchange” strategy.
• Positive Sentiment: The company and AWS/Stripe announced AI-agent payment capabilities using USDC, reinforcing Coinbase’s role in stablecoin and blockchain infrastructure growth.
• Positive Sentiment: Some analysts remain constructive, saying Coinbase could benefit from the CLARITY Act and revenue diversification even after trimming price targets. Article Title
• Neutral Sentiment: Coinbase reported record market share and strong derivatives traction, suggesting its platform is still gaining relevance even as overall trading volumes slow.
• Neutral Sentiment: Coinbase resumed trading after a roughly seven-hour AWS-related outage, but the incident highlighted operational risk rather than a permanent business issue.
• Negative Sentiment: Several Wall Street firms cut price targets after the earnings miss, reflecting lower near-term expectations for trading revenue and profits.
• Negative Sentiment: The AWS outage disrupted Coinbase’s trading services and may have added to investor frustration around platform reliability.
• Negative Sentiment: Coinbase also announced layoffs and an AI-driven restructuring, underscoring cost pressure and a tougher demand backdrop for its core business.

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.