William Blair Predicts Lower Earnings for Coinbase Global

Coinbase Global, Inc. (NASDAQ:COIN) – Equities researchers at William Blair lowered their Q3 2025 earnings per share estimates for shares of Coinbase Global in a research report issued on Wednesday, August 20th. William Blair analyst A. Jeffrey now anticipates that the cryptocurrency exchange will post earnings per share of $0.83 for the quarter, down from their prior estimate of $0.91. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Coinbase Global’s current full-year earnings is $7.22 per share. William Blair also issued estimates for Coinbase Global’s Q4 2025 earnings at $1.01 EPS, FY2025 earnings at $3.86 EPS, Q3 2026 earnings at $1.58 EPS and FY2027 earnings at $9.07 EPS.

Coinbase Global (NASDAQ:COIN) last issued its earnings results on Thursday, July 31st. The cryptocurrency exchange reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.79). The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.68 billion. Coinbase Global had a net margin of 40.87% and a return on equity of 16.02%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 earnings per share.

A number of other research firms also recently weighed in on COIN. China Renaissance began coverage on Coinbase Global in a report on Tuesday, June 17th. They set a “buy” rating and a $353.30 price objective on the stock. Wall Street Zen raised Coinbase Global from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Benchmark increased their price objective on Coinbase Global from $301.00 to $421.00 and gave the stock a “buy” rating in a research note on Monday, June 23rd. Keefe, Bruyette & Woods cut their price objective on Coinbase Global from $355.00 to $335.00 and set a “market perform” rating for the company in a report on Monday, August 4th. Finally, HC Wainwright reaffirmed a “sell” rating and issued a $300.00 target price on shares of Coinbase Global in a report on Friday, August 1st. Thirteen equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $352.72.

Coinbase Global Stock Up 0.8%

COIN opened at $304.39 on Thursday. The company has a market capitalization of $78.21 billion, a P/E ratio of 29.44 and a beta of 3.70. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.12 and a quick ratio of 2.13. The firm’s fifty day moving average price is $343.27 and its two-hundred day moving average price is $261.74. Coinbase Global has a fifty-two week low of $142.58 and a fifty-two week high of $444.64.

Institutional Trading of Coinbase Global

A number of hedge funds and other institutional investors have recently modified their holdings of COIN. Mascagni Wealth Management Inc. bought a new position in Coinbase Global in the 4th quarter valued at $25,000. Copia Wealth Management acquired a new position in shares of Coinbase Global during the fourth quarter valued at $26,000. Bessemer Group Inc. boosted its holdings in Coinbase Global by 297.4% in the first quarter. Bessemer Group Inc. now owns 151 shares of the cryptocurrency exchange’s stock valued at $26,000 after acquiring an additional 113 shares during the last quarter. Evelyn Partners Investment Management Europe Ltd boosted its holdings in Coinbase Global by 92.3% in the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 75 shares of the cryptocurrency exchange’s stock valued at $29,000 after acquiring an additional 36 shares during the last quarter. Finally, McClarren Financial Advisors Inc. acquired a new stake in Coinbase Global in the first quarter worth about $30,000. Institutional investors and hedge funds own 68.84% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Brian Armstrong sold 25,000 shares of Coinbase Global stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $326.71, for a total value of $8,167,750.00. Following the completion of the transaction, the chief executive officer directly owned 526 shares of the company’s stock, valued at $171,849.46. The trade was a 97.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Paul Grewal sold 10,000 shares of the company’s stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $348.64, for a total transaction of $3,486,400.00. Following the transaction, the insider owned 82,328 shares in the company, valued at approximately $28,702,833.92. This trade represents a 10.83% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,185,704 shares of company stock valued at $438,918,732. 17.65% of the stock is currently owned by corporate insiders.

About Coinbase Global

Coinbase Global, Inc provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions.