Benchmark Has Lowered Expectations for Coinbase Global (NASDAQ:COIN) Stock Price

Coinbase Global (NASDAQ:COIN) had its price objective lowered by analysts at Benchmark from $267.00 to $260.00 in a research note issued to investors on Tuesday,MarketScreener reports. Benchmark’s target price would suggest a potential upside of 33.34% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Citigroup reduced their price objective on shares of Coinbase Global from $505.00 to $400.00 and set a “buy” rating for the company in a report on Friday, February 6th. Jefferies Financial Group raised their price objective on shares of Coinbase Global from $151.00 to $181.00 and gave the company a “hold” rating in a research note on Thursday, April 9th. Compass Point decreased their price target on Coinbase Global from $190.00 to $140.00 and set a “sell” rating for the company in a research note on Friday, February 20th. Deutsche Bank Aktiengesellschaft set a $250.00 price target on Coinbase Global in a research report on Friday, February 13th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $240.00 target price on shares of Coinbase Global in a report on Wednesday. Nineteen investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $262.04.

Coinbase Global Price Performance

Shares of NASDAQ COIN opened at $194.99 on Tuesday. The firm has a market cap of $51.49 billion, a PE ratio of 44.50, a price-to-earnings-growth ratio of 4.59 and a beta of 3.38. The business has a 50 day moving average price of $187.67 and a two-hundred day moving average price of $228.86. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.40. Coinbase Global has a fifty-two week low of $139.36 and a fifty-two week high of $444.64.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings data on Thursday, February 12th. The cryptocurrency exchange reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.17). The firm had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.86 billion. Coinbase Global had a return on equity of 8.68% and a net margin of 17.55%.The firm’s revenue was down 21.6% on a year-over-year basis. During the same period last year, the business earned $4.68 EPS. Sell-side analysts expect that Coinbase Global will post 2.77 earnings per share for the current fiscal year.

Insider Buying and Selling at Coinbase Global

In other news, CFO Alesia J. Haas sold 10,020 shares of the firm’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $200.00, for a total value of $2,004,000.00. Following the transaction, the chief financial officer directly owned 377,201 shares in the company, valued at $75,440,200. This trade represents a 2.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 394,590 shares of company stock worth $62,508,690 over the last ninety days. Insiders own 16.66% of the company’s stock.

Institutional Investors Weigh In On Coinbase Global

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Coinbase Global by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 26,400,836 shares of the cryptocurrency exchange’s stock worth $5,970,285,000 after acquiring an additional 184,043 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Coinbase Global by 3.2% during the fourth 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 during the last quarter. Paradigm Operations LP increased its position in shares of Coinbase Global by 3.3% during the 4th quarter. Paradigm Operations LP now owns 4,262,458 shares of the cryptocurrency exchange’s stock worth $963,912,000 after purchasing an additional 134,425 shares during the last quarter. Norges Bank bought a new stake in Coinbase Global during the fourth quarter worth $656,744,000. Finally, ARK Investment Management LLC lifted its position 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 valued at $574,832,000 after buying an additional 146,388 shares during the last quarter. Institutional investors own 68.84% of the company’s stock.

Key Stories Impacting Coinbase Global

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

• Positive Sentiment: Coinbase announced a ~14% workforce reduction (~700 roles) as it pivots to an “AI-native” operating model — management frames this as a structural cost-reduction and efficiency move that pushed the shares higher in pre-market trading. Coinbase to cut about 14% of workforce (Reuters)
• Positive Sentiment: Coinbase is expanding beyond exchange fees into tokenization and on-chain credit (launching a tokenized credit fund and naming Centrifuge as tokenization backbone), which could open higher-margin institutional revenue streams over time. Coinbase names Centrifuge as tokenization backbone (Blockonomi)
• Positive Sentiment: Macro/regulatory tailwinds: a bipartisan CLARITY Act compromise on stablecoin rules and related market momentum have helped lift crypto stocks, improving the policy backdrop for Coinbase’s custody/stablecoin-related products. Why crypto stocks are surging (FastCompany)
• Positive Sentiment: Analyst support: JPMorgan raised its price target and reiterated an overweight view, giving the stock additional Wall Street backing. JPMorgan raises COIN price target (MarketScreener)
• Neutral Sentiment: Q1 earnings are due (May 7) and analysts expect lower revenue vs. year-ago levels; investors will be watching guidance and cost-savings cadence for confirmation that layoffs and AI changes materially improve margins. Coinbase Q1 preview (Benzinga)
• Neutral Sentiment: Management moves and org restructuring (no more “pure managers,” rise of player-coaches) could speed execution but also add short-term disruption; watch execution over the next few quarters. CEO moves before earnings (Yahoo Finance)
• Negative Sentiment: Legal risk: Coinbase was sued in U.S. federal court by a plaintiff seeking return of frozen crypto allegedly tied to a $55M DAI phishing theft; the suit raises custodial/legal exposure and could create operational/legal drag if it expands. Coinbase sued over frozen $55M DAI funds (Cointelegraph)
• Negative Sentiment: Restructuring will carry near-term charges (reports cite up to ~$60M) and the company still faces revenue pressure from lower trading volumes — these factors could keep near-term EPS volatility elevated. Restructuring charges and impact (QuiverQuant)

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.