Coinbase Global, Inc. (NASDAQ:COIN) Given Average Rating of “Hold” by Brokerages

Shares of Coinbase Global, Inc. (NASDAQ:COIN) have been given an average recommendation of “Hold” by the thirty-two research firms that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and eighteen have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $215.1103.

COIN has been the subject of several research analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and set a $300.00 target price on shares of Coinbase Global in a research report on Friday, July 31st. BTIG Research reduced their price target on shares of Coinbase Global from $260.00 to $240.00 and set a “buy” rating for the company in a research report on Friday, July 31st. President Capital raised their price objective on shares of Coinbase Global from $236.00 to $264.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Cantor Fitzgerald lowered their price objective on shares of Coinbase Global from $250.00 to $184.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, KeyCorp reissued a “sector weight” rating on shares of Coinbase Global in a research report on Wednesday, June 17th.

Insider Transactions at Coinbase Global

In other Coinbase Global news, CAO Jennifer N. Jones sold 2,051 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $158.15, for a total value of $324,365.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul Grewal sold 1,960 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $176.88, for a total value of $346,684.80. Following the completion of the sale, the insider owned 84,753 shares in the company, valued at approximately $14,991,110.64. The trade was a 2.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 65,695 shares of company stock valued at $10,388,854 in the last three months. 16.66% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Coinbase Global

A number of hedge funds and other institutional investors have recently bought and sold shares of COIN. Vanguard Group Inc. boosted its stake in Coinbase Global by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 26,400,836 shares of the cryptocurrency exchange’s stock worth $5,970,285,000 after purchasing an additional 184,043 shares during the period. Geode Capital Management LLC lifted its stake in Coinbase Global by 3.2% in the 4th 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 holdings in Coinbase Global by 3.3% in the 4th 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 purchased a new position in shares of Coinbase Global during the 4th quarter valued at $656,744,000. Finally, ARK Investment Management LLC increased its holdings in shares of Coinbase Global by 6.1% in the fourth quarter. ARK Investment Management LLC now owns 2,541,928 shares of the cryptocurrency exchange’s stock worth $574,832,000 after purchasing an additional 146,388 shares during the period. Institutional investors own 68.84% of the company’s stock.

Key Coinbase Global News

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

• Positive Sentiment: Coinbase launched access to nearly 4,000 U.S. stocks for eligible U.K. customers, including fractional shares, zero-commission trading and funding through pounds or USDC. The move expands Coinbase beyond cryptocurrency trading and could create new revenue opportunities over time. Coinbase Brings Nearly 4,000 US Stocks to UK Users
• Positive Sentiment: Ark Invest, led by Cathie Wood, reportedly bought nearly $10 million of Coinbase and Circle shares after the recent crypto selloff. The purchases may signal confidence in COIN’s long-term valuation, although they do not change the company’s near-term fundamentals. Cathie Wood Buys the Dip in Coinbase and Circle
• Neutral Sentiment: Coinbase CEO Brian Armstrong continues lobbying for the CLARITY Act, which the company says would establish clearer crypto regulations. However, prediction-market odds and new Republican opposition suggest a vote or enactment this year is becoming less likely, delaying a potentially important regulatory catalyst. As Chance of Crypto Bill Vote Fades, Coinbase Stock Could Feel More Pain
• Negative Sentiment: Coinbase’s second-quarter results showed a $1.36 per-share loss versus the expected $0.44 loss, while revenue of $1.22 billion missed estimates and fell 18.5% year over year. The sharp reversal from a year-earlier profit reinforces concerns about crypto trading activity and earnings volatility. Coinbase Q2 Loss and Cathie Wood Buying
• Negative Sentiment: Zacks added COIN to its Rank #5 “Strong Sell” list, adding to bearish technical and fundamental sentiment. Separately, Cantor Fitzgerald lowered its Coinbase price target to $184, while a director sold 35,068 shares worth approximately $5.1 million under a pre-arranged Rule 10b5-1 plan. New Strong Sell Stocks for August 6th

Coinbase Global Stock Performance

COIN stock opened at $145.41 on Friday. The firm has a market cap of $38.31 billion, a PE ratio of -37.87, a P/E/G ratio of 42.15 and a beta of 3.36. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.45. The business has a 50 day moving average of $160.66 and a 200-day moving average of $178.50. Coinbase Global has a 12-month low of $139.11 and a 12-month high of $402.16.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings results on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.92). Coinbase Global had a positive return on equity of 3.12% and a negative net margin of 15.72%.The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the business posted $5.14 earnings per share. The business’s revenue was down 18.5% compared to the same quarter last year. As a group, sell-side analysts expect that Coinbase Global will post -0.05 earnings per share for the current year.

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.