The Goldman Sachs Group Cuts Coinbase Global (NASDAQ:COIN) Price Target to $264.00

Coinbase Global (NASDAQ:COIN) had its price target cut by The Goldman Sachs Group from $310.00 to $264.00 in a report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the cryptocurrency exchange’s stock.

Other research analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft set a $250.00 price target on Coinbase Global in a research note on Friday, February 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Coinbase Global in a research report on Friday, January 9th. Argus reissued a “hold” rating on shares of Coinbase Global in a research note on Tuesday, November 25th. JPMorgan Chase & Co. dropped their price objective on shares of Coinbase Global from $399.00 to $290.00 and set an “overweight” rating for the company in a research note on Tuesday, February 10th. Finally, Erste Group Bank lowered shares of Coinbase Global from a “buy” rating to a “hold” rating in a report on Thursday, November 20th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Coinbase Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $282.82.

Coinbase Global Price Performance

NASDAQ:COIN opened at $165.94 on Tuesday. Coinbase Global has a 12-month low of $139.36 and a 12-month high of $444.64. The firm has a market cap of $44.74 billion, a price-to-earnings ratio of 37.80, a price-to-earnings-growth ratio of 2.36 and a beta of 3.70. The company’s 50-day moving average is $215.78 and its two-hundred day moving average is $279.38. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.40.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings data on Thursday, February 12th. The cryptocurrency exchange reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.17). Coinbase Global had a net margin of 17.55% and a return on equity of 8.68%. The firm had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the firm earned $4.68 EPS. The business’s quarterly revenue was down 21.6% on a year-over-year basis. Research analysts expect that Coinbase Global will post 7.22 EPS for the current year.

Insider Activity

In other Coinbase Global news, insider Lawrence J. Brock sold 5,902 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $250.58, for a total transaction of $1,478,923.16. Following the completion of the sale, the insider directly owned 497 shares in the company, valued at $124,538.26. The trade was a 92.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian Armstrong sold 40,000 shares of the firm’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $257.31, for a total transaction of $10,292,400.00. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 574,395 shares of company stock valued at $110,451,160 over the last quarter. 16.56% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Coinbase Global by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 26,400,836 shares of the cryptocurrency exchange’s stock worth $5,970,285,000 after acquiring an additional 184,043 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Coinbase Global by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 6,098,062 shares of the cryptocurrency exchange’s stock worth $1,374,080,000 after purchasing an additional 189,080 shares in the last quarter. Paradigm Operations LP boosted its stake in shares of Coinbase Global by 3.3% in the fourth quarter. Paradigm Operations LP now owns 4,262,458 shares of the cryptocurrency exchange’s stock valued at $963,912,000 after purchasing an additional 134,425 shares during the period. Norges Bank acquired a new stake in Coinbase Global during the 2nd quarter valued at $1,044,354,000. Finally, ARK Investment Management LLC increased its stake in Coinbase Global by 6.1% during the 4th quarter. ARK Investment Management LLC now owns 2,541,928 shares of the cryptocurrency exchange’s stock worth $574,832,000 after buying an additional 146,388 shares during the period. Institutional investors and hedge funds own 68.84% of the company’s stock.

More Coinbase Global News

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

• Positive Sentiment: Coinbase expanded its on?chain loan product to accept XRP, DOGE, ADA and LTC as collateral and unlocked up to $100,000 in USDC borrowing for eligible users — a revenue?accretive product expansion that increases customer engagement and non?transactional fee income. Coinbase Integrates XRP, DOGE, ADA, LTC for Crypto Loans
• Positive Sentiment: Share buybacks and recent repurchases (roughly ~8M shares reported) are reducing dilution and supporting EPS; that buyback activity has helped fuel recent investor enthusiasm. Do Coinbase Stock Buybacks Make COIN a Good Buy Here?
• Positive Sentiment: Regulatory clarity hopes rose after CEO Brian Armstrong joined a CNBC discussion with Senator Bernie Moreno and comments that the CLARITY Act could pass soon — a potential catalyst for reduced regulatory overhang if legislation advances. US CLARITY Act to pass ‘hopefully by April’
• Positive Sentiment: Base (Coinbase’s L2) is transitioning to its own architecture to speed upgrades and reduce external dependencies — a technical improvement that could strengthen developer confidence and network activity over time. Coinbase’s Base transitions to its own architecture
• Neutral Sentiment: A KlariVis study found $78.3M net deposit outflows from 92 community banks to Coinbase — a signal of retail engagement and custody flows but also one that could attract regulatory scrutiny or political attention. Community banks see net deposit outflows to Coinbase: Study
• Neutral Sentiment: Rothschild & Co Redburn trimmed COIN’s price target from $403 to $288 but kept a buy rating — a mixed message: lower target reduces upside expectations, but the buy stance leaves upside on continued crypto recovery. Rothschild target cut to $288
• Negative Sentiment: Multiple analyst downgrades and price?target cuts (Zacks added COIN to its Strong Sell list; at least one analyst warns of a ~27% downside) are weighing on sentiment and could pressure the stock. COIN Stock Warning: Why 1 Analyst Is Warning Coinbase Will Fall 27% from Here
• Negative Sentiment: Coinbase’s Feb. earnings missed revenue and EPS estimates and trading revenue remains softer year?over?year — fundamentals that keep valuation scrutiny high and cap near?term upside. Coinbase valuation check after earnings miss
• Negative Sentiment: A Base?ecosystem exploit (Moonwell mispriced cbETH) highlights smart?contract/oracle risks on networks tied to Coinbase products — a reminder of operational and reputation risk for on?chain services. Moonwell hit by $1.78M exploit

About Coinbase Global

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.