Rosenblatt Securities Reaffirms Buy Rating for Coinbase Global (NASDAQ:COIN)

Coinbase Global (NASDAQ:COIN)‘s stock had its “buy” rating reiterated by Rosenblatt Securities in a note issued to investors on Wednesday,Benzinga reports. They currently have a $240.00 price target on the cryptocurrency exchange’s stock. Rosenblatt Securities’ price target indicates a potential upside of 21.92% from the stock’s current price.

Several other brokerages also recently issued reports on COIN. Zacks Research upgraded shares of Coinbase Global from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 14th. President Capital decreased their price objective on shares of Coinbase Global from $472.00 to $236.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Raymond James Financial restated a “market perform” rating on shares of Coinbase Global in a research note on Thursday, January 8th. Mizuho lowered their price target on Coinbase Global from $280.00 to $170.00 and set a “neutral” rating on the stock in a report on Tuesday, February 17th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Coinbase Global in a report on Friday, January 9th. Nineteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $262.07.

Coinbase Global Trading Down 0.5%

Coinbase Global stock opened at $196.86 on Wednesday. Coinbase Global has a 12 month low of $139.36 and a 12 month high of $444.64. The company has a market capitalization of $51.98 billion, a price-to-earnings ratio of 45.14, a price-to-earnings-growth ratio of 4.59 and a beta of 3.38. The business’s fifty day simple moving average is $187.67 and its two-hundred day simple moving average is $228.86. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.40.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.17). The company had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.86 billion. Coinbase Global had a net margin of 17.55% and a return on equity of 8.68%. Coinbase Global’s revenue was down 21.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.68 earnings per share. As a group, equities analysts predict 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 364,600 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $154.95, for a total value of $56,494,770.00. Following the transaction, the chief financial officer directly owned 402,165 shares in the company, valued at $62,315,466.75. This trade represents a 47.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Over the last quarter, insiders sold 394,590 shares of company stock worth $62,508,690. 16.66% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of COIN. REAP Financial Group LLC purchased a new stake in shares of Coinbase Global during the 3rd quarter valued at about $25,000. Palisade Asset Management LLC purchased a new position in shares of Coinbase Global in the third quarter worth approximately $29,000. Foster Dykema Cabot & Partners LLC purchased a new position in shares of Coinbase Global in the third quarter worth approximately $35,000. Cloud Capital Management LLC bought a new stake in Coinbase Global during the third quarter valued at approximately $36,000. Finally, MV Capital Management Inc. purchased a new stake in Coinbase Global during the fourth quarter valued at approximately $27,000. Institutional investors own 68.84% of the company’s stock.

Coinbase Global News Roundup

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.