Coinbase Global (NASDAQ:COIN) Given “Buy” Rating at BTIG Research

BTIG Research reissued their buy rating on shares of Coinbase Global (NASDAQ:COIN) in a report released on Friday,Benzinga reports. BTIG Research currently has a $240.00 target price on the cryptocurrency exchange’s stock.

Other equities research analysts also recently issued reports about the company. Citigroup reaffirmed a “market outperform” rating on shares of Coinbase Global in a report on Friday. Argus reissued a “hold” rating on shares of Coinbase Global in a research note on Wednesday, August 26th. UBS Group set a $155.00 target price on Coinbase Global in a research note on Friday, July 31st. The Goldman Sachs Group reissued a “buy” rating and issued a $244.00 price target on shares of Coinbase Global in a research report on Wednesday, October 7th. Finally, Robert W. Baird boosted their price objective on shares of Coinbase Global from $130.00 to $205.00 and gave the company a “neutral” rating in a research report on Monday, September 28th. Twenty research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Coinbase Global has a consensus rating of “Hold” and a consensus target price of $216.57.

Coinbase Global Stock Performance

Shares of COIN opened at $143.54 on Friday. Coinbase Global has a 52-week low of $136.89 and a 52-week high of $361.40. 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 firm has a market capitalization of $37.87 billion, a PE ratio of -50.72 and a beta of 3.41. The firm has a 50-day moving average price of $179.74 and a 200 day moving average price of $178.82.

Coinbase Global (NASDAQ:COIN) last announced 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 for the quarter, compared to the consensus estimate of $1.29 billion. Coinbase Global had a negative net margin of 12.46% and a positive return on equity of 0.76%. The company’s quarterly revenue was down 18.5% compared to the same quarter last year. During the same period in the prior year, the business earned $5.14 EPS. On average, sell-side analysts anticipate that Coinbase Global will post -0.47 earnings per share for the current fiscal year.

Insider Buying and Selling at Coinbase Global

In related news, CFO Alesia J. Haas sold 39,030 shares of the business’s stock in a transaction on Monday, September 21st. The stock was sold at an average price of $205.24, for a total value of $8,010,517.20. Following the sale, the chief financial officer owned 345,376 shares of the company’s stock, valued at $70,884,970.24. The trade was a 10.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jennifer N. Jones sold 2,062 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $188.75, for a total value of $389,202.50. 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. In the last 90 days, insiders have sold 127,188 shares of company stock worth $23,029,558. Corporate insiders own 16.66% of the company’s stock.

Institutional Investors Weigh In On Coinbase Global

Hedge funds have recently made changes to their positions in the company. Rakuten Investment Management Inc. raised its stake in shares of Coinbase Global by 9.7% in the third quarter. Rakuten Investment Management Inc. now owns 39,243 shares of the cryptocurrency exchange’s stock valued at $7,457,000 after acquiring an additional 3,469 shares during the last quarter. TrinityBridge Ltd grew its stake in shares of Coinbase Global by 12.6% during the third quarter. TrinityBridge Ltd now owns 3,981 shares of the cryptocurrency exchange’s stock valued at $742,000 after purchasing an additional 445 shares during the last quarter. Integrity Alliance LLC. acquired a new stake in shares of Coinbase Global in the third quarter valued at approximately $355,000. Gerber Kawasaki Wealth & Investment Management bought a new position in Coinbase Global in the 3rd quarter worth approximately $325,000. Finally, BOCHK Asset Management Ltd bought a new position in Coinbase Global in the 3rd quarter worth approximately $7,440,000. Institutional investors and hedge funds 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, exceeding expectations and ending a three-quarter losing streak. Lower operating expenses and gains on the company’s crypto holdings were major contributors. Coinbase net income surges 66% in third quarter
• Positive Sentiment: Coinbase is diversifying beyond spot crypto trading: subscription and services revenue represented about 49% of net revenue, while prediction markets surpassed a $200 million annualized revenue run rate. Management is also targeting stablecoins, tokenized assets and AI-agent payments. Coinbase Q3 earnings call highlights
• Positive Sentiment: The Binance breach could create an opportunity for Coinbase to attract customers seeking a regulated exchange and stronger custody safeguards. Several analysts retained bullish ratings, including HC Wainwright, BTIG and Cantor Fitzgerald. Binance hack could benefit Coinbase
• Neutral Sentiment: Goldman Sachs maintained a Buy rating but reduced its price target to $210, while Needham lowered its target to $197. These targets imply substantial upside but reflect increased near-term uncertainty.
• Neutral Sentiment: Coinbase said customer funds remained safe after an analytics-vendor incident involving contact information for a small subset of customers. The exchange also applied for authorization to continue operating under Brazil’s new crypto rules. Coinbase customer funds statement
• Negative Sentiment: Total revenue fell about 35% year over year to $1.22 billion, while transaction revenue declined sharply as crypto spot-trading volume weakened. Early fourth-quarter transaction revenue also suggested that trading conditions had not materially improved. Weak trading revenue pressures Coinbase
• Negative Sentiment: Investors questioned the quality of the profit because roughly $715 million came from crypto investment gains, leaving adjusted net income near $78 million. Barclays cut its rating to Underweight and lowered its price target to $120; Wells Fargo also reduced its target to $174.
• Negative Sentiment: The Binance hack triggered a broad crypto-equity selloff and raised concerns about stablecoin concentration and control risk, as Circle froze approximately $800 million in USDC and Coinbase reportedly holds nearly 30% of outstanding USDC. Insider sales have also added pressure, with no reported open-market purchases in the past six months. Coinbase USDC concentration

Coinbase Global Company Profile

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.