Coinbase Global (NASDAQ:COIN) Coverage Initiated at Cantor Fitzgerald

Equities researchers at Cantor Fitzgerald assumed coverage on shares of Coinbase Global (NASDAQ:COIN) in a report issued on Tuesday. The brokerage set an “overweight” rating and a $277.00 price target on the cryptocurrency exchange’s stock. Cantor Fitzgerald’s price objective suggests a potential upside of 31.66% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Bank of America raised shares of Coinbase Global from a “neutral” rating to a “buy” rating and set a $340.00 target price for the company in a research report on Thursday, January 8th. JPMorgan Chase & Co. cut their price objective on shares of Coinbase Global from $404.00 to $399.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Citigroup restated a “market outperform” rating on shares of Coinbase Global in a research report on Thursday, December 18th. Rothschild & Co Redburn dropped their price target on shares of Coinbase Global from $404.00 to $403.00 and set a “buy” rating for the company in a research report on Friday, January 16th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Coinbase Global in a research report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Coinbase Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $360.15.

Coinbase Global Stock Performance

Shares of Coinbase Global stock traded down $3.09 on Tuesday, hitting $210.39. The stock had a trading volume of 2,709,030 shares, compared to its average volume of 8,621,925. Coinbase Global has a twelve month low of $142.58 and a twelve month high of $444.64. The business’s 50 day moving average is $248.62 and its two-hundred day moving average is $305.24. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.37. The stock has a market cap of $56.73 billion, a price-to-earnings ratio of 18.20 and a beta of 3.70.

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

Insider Activity at Coinbase Global

In related news, Director Frederick Ernest Ehrsam III sold 1,375 shares of Coinbase Global stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $250.27, for a total transaction of $344,121.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Brian Armstrong sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $248.96, for a total transaction of $9,958,400.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 820,587 shares of company stock valued at $240,717,580 over the last ninety days. 16.56% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Ameriflex Group Inc. grew its position in Coinbase Global by 20.0% during the 2nd quarter. Ameriflex Group Inc. now owns 180 shares of the cryptocurrency exchange’s stock worth $68,000 after acquiring an additional 30 shares during the last quarter. Capital Advisors Wealth Management LLC increased its stake in shares of Coinbase Global by 2.0% in the third quarter. Capital Advisors Wealth Management LLC now owns 1,549 shares of the cryptocurrency exchange’s stock valued at $523,000 after buying an additional 30 shares during the period. Elevation Wealth Partners LLC raised its holdings in Coinbase Global by 37.6% in the 3rd quarter. Elevation Wealth Partners LLC now owns 117 shares of the cryptocurrency exchange’s stock valued at $39,000 after buying an additional 32 shares during the last quarter. West Family Investments Inc. boosted its position in Coinbase Global by 3.3% during the 3rd quarter. West Family Investments Inc. now owns 1,029 shares of the cryptocurrency exchange’s stock worth $347,000 after buying an additional 33 shares during the period. Finally, Pettinga Financial Advisors LLC grew its holdings in Coinbase Global by 2.6% during the 2nd quarter. Pettinga Financial Advisors LLC now owns 1,321 shares of the cryptocurrency exchange’s stock worth $463,000 after acquiring an additional 34 shares during the last quarter. 68.84% of the stock is currently owned by institutional investors and hedge funds.

Coinbase Global News Summary

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

• Positive Sentiment: Wall Street analyst argues COIN could rise ~106% from current levels, citing long-term upside if crypto market rebounds and Coinbase re-rates on growth and margins. Coinbase Shares Could Gain 106%, Says Wall Street Pro
• Positive Sentiment: Survey/industry checks show 60% of top U.S. banks are offering or planning Bitcoin services (trading/custody), supporting long-term volume and institutional revenue potential for Coinbase. 60% of top US banks are geared up for Bitcoin: River
• Positive Sentiment: Coinbase’s own Charting Crypto survey finds most institutional investors view Bitcoin as undervalued at current ranges, implying potential demand upside if sentiment and price recover. Majority of institutional investors say Bitcoin is undervalued: Coinbase
• Neutral Sentiment: Coinbase announced an advisory board to study long-term threats such as quantum computing — a prudent, forward-looking governance move but unlikely to materially affect near-term EPS. Coinbase Is Prepping For ‘Future Threats’ …
• Negative Sentiment: Bitcoin has been range-bound and ETF products showed record outflows, with the Coinbase premium turning deeply negative — signs of US selling pressure that reduce trading volumes and fee revenue for Coinbase. Bitcoin Stuck in 60-Day Range as Record ETF Outflows Show US Selling Pressure
• Negative Sentiment: Separate reports flag the Coinbase premium at 12-month lows and technical analysis projecting further BTC downside — continued crypto weakness would pressure COIN’s core transaction revenue. Bitcoin Coinbase Premium stays deeply negative
• Negative Sentiment: KeyCorp published a bearish Q4 earnings outlook for Coinbase, adding analyst downside risk into near-term price action. KeyCorp Has Bearish Forecast for Coinbase Global Q4 Earnings
• Negative Sentiment: Political friction after Coinbase’s CEO helped stall crypto legislation drew a White House rebuke — regulatory/policy headlines can increase perceived compliance and lobbying risk. Coinbase power play sparks crypto rift …
• Negative Sentiment: New DeFi/Bitcoin-collateral startups (e.g., Babylon) present competition for some use-cases, potentially pressuring future product share. Stanford professor raises $15 million for Babylon

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.