Coinbase Global’s (COIN) “Overweight” Rating Reaffirmed at Cantor Fitzgerald

Coinbase Global (NASDAQ:COIN)‘s stock had its “overweight” rating restated by equities research analysts at Cantor Fitzgerald in a research report issued on Friday, Benzinga reports. They presently have a $212.00 target price on the cryptocurrency exchange’s stock. Cantor Fitzgerald‘s price target would suggest a potential upside of 32.01% from the company’s current price.

A number of other equities analysts have also recently weighed in on COIN. BTIG Research reissued a “buy” rating and set a $240.00 price objective on shares of Coinbase Global in a report on Wednesday, October 7th. Bank of America reiterated a “buy” rating on shares of Coinbase Global in a research report on Monday, October 5th. HC Wainwright reissued a “buy” rating and set a $265.00 price target on shares of Coinbase Global in a research note on Friday, July 31st. JPMorgan Chase & Co. boosted their price objective on shares of Coinbase Global from $148.00 to $189.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Mizuho set a $155.00 price objective on shares of Coinbase Global in a research note on Friday, July 31st. Twenty research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $219.60.

Coinbase Global Stock Down 1.1%

COIN opened at $160.59 on Friday. The stock has a market cap of $42.37 billion, a PE ratio of -41.82 and a beta of 3.41. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.45. Coinbase Global has a 52 week low of $139.11 and a 52 week high of $361.40. The business’s fifty day simple moving average is $180.32 and its 200 day simple moving average is $179.32.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings results on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the firm earned $5.14 EPS. The company’s revenue for the quarter was down 18.5% on a year-over-year basis. As a group, research analysts expect that Coinbase Global will post -0.47 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Marc Andreessen sold 13,676 shares of the company’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $186.18, for a total transaction of $2,546,197.68. Following the completion of the transaction, the director directly owned 1,115,810 shares of the company’s stock, valued at approximately $207,741,505.80. This represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Alesia Haas sold 39,030 shares of the business’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $205.24, for a total value of $8,010,517.20. Following the transaction, the chief financial officer owned 345,376 shares in the company, valued at approximately $70,884,970.24. This represents a 10.15% decrease in their position. 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 have sold a total of 127,188 shares of company stock worth $23,029,558 over the last ninety days. 16.66% of the stock is owned by insiders.

Institutional Trading of Coinbase Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp bought a new position in Coinbase Global in the 2nd quarter worth $142,995,000. National Pension Service increased its position in shares of Coinbase Global by 117.1% during the second quarter. National Pension Service now owns 641,518 shares of the cryptocurrency exchange’s stock valued at $93,784,000 after buying an additional 346,045 shares during the period. Southpoint Capital Advisors LP purchased a new position in shares of Coinbase Global during the first quarter valued at about $104,766,000. California State Teachers Retirement System raised its stake in Coinbase Global by 1.8% in the first quarter. California State Teachers Retirement System now owns 324,386 shares of the cryptocurrency exchange’s stock worth $56,641,000 after buying an additional 5,758 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in Coinbase Global by 103.2% in the third quarter. Assenagon Asset Management S.A. now owns 314,338 shares of the cryptocurrency exchange’s stock worth $58,889,000 after buying an additional 159,636 shares in the last quarter. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Coinbase Global News Summary

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

• Positive Sentiment: Coinbase reported third-quarter net income of approximately $719 million, or $2.51 diluted EPS, reversing a mult quarter losing streak and exceeding analysts’ expectations. Operating expenses fell 13% sequentially, helping profitability. Coinbase Q3 earnings
• Positive Sentiment: Prediction markets surpassed $200 million in annualized revenue, Coinbase One subscribers reached a record, and subscription and services revenue increased 3% sequentially to $570.2 million. These trends support management’s strategy of diversifying beyond spot-crypto trading. Prediction markets growth
• Positive Sentiment: Coinbase added Ripple’s RLUSD stablecoin across its retail, exchange and institutional platforms, potentially increasing stablecoin-related activity and revenue. It also applied for authorization under Brazil’s new crypto rules and expects no service disruption while its application is reviewed. RLUSD availability
• Positive Sentiment: Rosenblatt Securities reaffirmed its “buy” rating and assigned a $200 price target, implying considerable upside from the reference price. Rosenblatt rating
• Neutral Sentiment: Coinbase CEO Brian Armstrong said quantum computing represents a more serious long-term cryptocurrency security threat than artificial intelligence. He characterized the issue as a matter of “when, not if,” though it is not an immediate earnings driver. Armstrong on quantum computing
• Negative Sentiment: Revenue was about $1.216 billion, down roughly 35% from a year earlier. Transaction revenue was approximately $590 million, while fourth-quarter subscription and services guidance of $550 million to $630 million suggests limited near-term acceleration. Coinbase profit composition
• Negative Sentiment: Approximately $715 million of the quarterly profit came from gains on Coinbase’s cryptocurrency holdings, making the headline earnings figure less representative of recurring operating performance. Coinbase crypto gains
• Negative Sentiment: A security incident at analytics vendor Amplitude exposed contact information for a small subset of customers. Coinbase said its systems and customer funds were not compromised, but the incident could increase reputational and fraud concerns. Customer contact-data incident
• Negative Sentiment: Reported insider activity has been overwhelmingly selling, including planned sales by senior executives and founders, which may weigh on sentiment despite not changing the company’s fundamentals directly.

About Coinbase Global

Coinbase Global, Inc operates a digital-asset financial infrastructure and technology platform. Through its Coinbase platform, the company enables individuals and institutions to buy, sell, store, transfer and use cryptocurrencies and other digital assets. Its services are designed to support both retail customers and institutional participants in the digital-asset economy.

The company offers cryptocurrency trading, custody and staking services, as well as subscription products and institutional solutions.