Coinbase Global (NASDAQ:COIN) Stock Rated “Outperform” in New Coverage at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods began coverage on shares of Coinbase Global (NASDAQ:COIN) in a research note released on Monday, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $237.00 price target on the cryptocurrency exchange’s stock.

A number of other analysts have also issued reports on COIN. Weiss Ratings lowered Coinbase Global from a “hold (c-)” rating to a “sell (d)” rating in a report on Friday, July 31st. Needham & Company LLC decreased their target price on shares of Coinbase Global from $220.00 to $177.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Morgan Stanley initiated coverage on Coinbase Global in a research note on Thursday, September 10th. They issued an “equal weight” rating and a $250.00 target price on the stock. Raymond James Financial started coverage on Coinbase Global in a research report on Wednesday, July 22nd. They issued a “market perform” rating on the stock. Finally, KeyCorp reiterated a “sector weight” rating on shares of Coinbase Global in a report on Wednesday, June 17th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $222.94.

Coinbase Global Price Performance

COIN stock opened at $186.41 on Monday. Coinbase Global has a one year low of $139.11 and a one year high of $402.16. The firm has a 50-day moving average of $172.31 and a two-hundred day moving average of $175.94. The firm has a market capitalization of $49.18 billion, a PE ratio of -48.54 and a beta of 3.39. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.45.

Coinbase Global (NASDAQ:COIN) last released its earnings results 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 firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Coinbase Global had a positive return on equity of 3.12% and a negative net margin of 15.72%.The business’s revenue was down 18.5% on a year-over-year basis. During the same period last year, the business earned $5.14 earnings per share. On average, analysts forecast that Coinbase Global will post -0.48 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Frederick R. Wilson sold 10,000 shares of the stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $178.93, for a total transaction of $1,789,300.00. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Marc L. Andreessen sold 6,838 shares of the firm’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $205.05, for a total value of $1,402,131.90. Following the completion of the transaction, the director directly owned 1,129,486 shares in the company, valued at $231,601,104.30. The trade was a 0.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 106,674 shares of company stock worth $19,129,436 over the last ninety days. 16.66% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Coinbase Global

A number of large investors have recently added to or reduced their stakes in COIN. QRG Capital Management Inc. grew its holdings in Coinbase Global by 26.0% during the second quarter. QRG Capital Management Inc. now owns 30,358 shares of the cryptocurrency exchange’s stock valued at $4,605,000 after purchasing an additional 6,256 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of Coinbase Global by 13.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 44,011 shares of the cryptocurrency exchange’s stock valued at $6,586,000 after purchasing an additional 5,343 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of Coinbase Global by 185.5% in the second quarter. Sequoia Financial Advisors LLC now owns 25,507 shares of the cryptocurrency exchange’s stock worth $3,729,000 after buying an additional 16,572 shares during the last quarter. Whetstone Capital Advisors LLC lifted its stake in shares of Coinbase Global by 86.3% in the second quarter. Whetstone Capital Advisors LLC now owns 47,048 shares of the cryptocurrency exchange’s stock worth $6,878,000 after buying an additional 21,788 shares during the last quarter. Finally, National Pension Service boosted its holdings in shares of Coinbase Global by 117.1% during the 2nd quarter. National Pension Service now owns 641,518 shares of the cryptocurrency exchange’s stock worth $93,784,000 after buying an additional 346,045 shares during the period. Institutional investors own 68.84% of the company’s stock.

Trending Headlines about Coinbase Global

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

• Positive Sentiment: The CFTC approved Coinbase Clearing LLC as a U.S. derivatives clearing organization. The approval allows Coinbase to clear fully collateralized futures, options on futures and swaps, using USDC collateral and 24/7 settlement. This strengthens Coinbase’s vertically integrated derivatives platform and could create additional institutional revenue opportunities. CFTC Approval Expands Coinbase’s U.S. Derivatives Opportunity
• Positive Sentiment: Coinbase and Citigroup expanded their partnership to connect stablecoin payments with regulated banking rails. Citi’s virtual accounts can convert fiat to stablecoins, while merchants using Citi’s Spring platform can accept stablecoins and settle in fiat, supporting broader institutional adoption and potentially recurring payment-related revenue. Coinbase Global Opens Regulated Stablecoin Payments to Merchants
• Positive Sentiment: Coinbase-backed Base launched its Cobalt upgrade, adding transaction-control features and expanded tools for token issuers. The update may improve Base’s appeal to traders, developers and businesses, supporting Coinbase’s longer-term blockchain and ecosystem strategy. Coinbase-Backed Base Gives Users More Control With Cobalt Upgrade
• Positive Sentiment: Bitcoin’s rebound from its July low has supported investor interest in crypto-exposed equities, while Keefe, Bruyette & Woods resumed coverage with an Outperform rating and a $237 price target. Bitcoin Is Bouncing Back
• Neutral Sentiment: Coinbase Ventures invested in prediction-market liquidity provider Raven, broadening its exposure to emerging crypto-market infrastructure, although the financial impact is likely limited in the near term. Coinbase Ventures and CMCC Global Close Strategic Funding Round With Raven
• Neutral Sentiment: Coinbase teased mobile Pokémon card pack openings backed by physical collectibles. The initiative could diversify engagement and revenue, but pricing, launch timing and licensing details remain unclear. Coinbase Plans Digital Pokémon Pack Openings Backed by Real Cards
• Negative Sentiment: COIN declined more than the broader market in the latest session, suggesting that market-wide risk aversion and the stock’s high crypto sensitivity outweighed the positive announcements. Investors also continue to monitor pressure on trading fees and Coinbase’s dependence on volatile crypto activity. Coinbase Dips More Than Broader Market

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.