HC Wainwright Predicts Weaker Earnings for Coinbase Global

Coinbase Global, Inc. (NASDAQ:COIN) – Stock analysts at HC Wainwright lowered their Q2 2026 earnings per share estimates for Coinbase Global in a research note issued to investors on Friday, May 8th. HC Wainwright analyst M. Colonnese now forecasts that the cryptocurrency exchange will post earnings of $0.05 per share for the quarter, down from their previous forecast of $1.27. HC Wainwright currently has a “Buy” rating and a $310.00 price target on the stock. The consensus estimate for Coinbase Global’s current full-year earnings is $2.78 per share. HC Wainwright also issued estimates for Coinbase Global’s Q3 2026 earnings at $0.56 EPS, Q4 2026 earnings at $0.87 EPS and FY2026 earnings at $1.30 EPS.

Other equities research analysts have also recently issued research reports about the stock. Robert W. Baird cut their price objective on shares of Coinbase Global from $200.00 to $160.00 and set a “neutral” rating on the stock in a report on Friday. Bank of America cut their price objective on shares of Coinbase Global from $288.00 to $234.00 in a report on Thursday, April 2nd. Monness Crespi & Hardt restated a “sell” rating and issued a $110.00 price objective (down from $115.00) on shares of Coinbase Global in a report on Friday. JPMorgan Chase & Co. upped their price objective on shares of Coinbase Global from $252.00 to $290.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Finally, Oppenheimer cut their price objective on shares of Coinbase Global from $227.00 to $224.00 in a report on Friday. Nineteen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Coinbase Global presently has a consensus rating of “Hold” and a consensus target price of $250.04.

Coinbase Global Price Performance

Shares of COIN opened at $216.60 on Tuesday. The stock has a market cap of $57.20 billion, a PE ratio of 81.43, a price-to-earnings-growth ratio of 4.54 and a beta of 3.38. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.34 and a current ratio of 2.34. Coinbase Global has a fifty-two week low of $139.36 and a fifty-two week high of $444.64. The firm’s 50-day simple moving average is $190.10 and its two-hundred day simple moving average is $225.06.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings results on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($1.55). Coinbase Global had a net margin of 12.20% and a return on equity of 4.06%. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the firm earned $0.24 earnings per share. The company’s revenue for the quarter was down 30.5% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in COIN. REAP Financial Group LLC bought a new position in Coinbase Global during the third quarter valued at approximately $25,000. MV Capital Management Inc. bought a new position in Coinbase Global during the fourth quarter valued at approximately $27,000. Palisade Asset Management LLC bought a new position in Coinbase Global during the third quarter valued at approximately $29,000. Osbon Capital Management LLC bought a new position in Coinbase Global during the fourth quarter valued at approximately $30,000. Finally, Archer Investment Corp lifted its position in Coinbase Global by 546.4% during the first quarter. Archer Investment Corp now owns 181 shares of the cryptocurrency exchange’s stock valued at $32,000 after purchasing an additional 153 shares during the period. Institutional investors own 68.84% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Alesia J. Haas sold 10,020 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $200.00, for a total transaction of $2,004,000.00. Following the transaction, the chief financial officer owned 397,171 shares in the company, valued at $79,434,200. This represents a 2.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 29,990 shares of company stock worth $6,013,920 in the last 90 days. 16.66% of the stock is owned by corporate insiders.

Coinbase Global News Summary

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

• Negative Sentiment: H.C. Wainwright slashed its Q2 2026 EPS estimate for Coinbase from $1.27 to $0.05, signaling a much weaker near-term earnings outlook. Coinbase Global, Inc. estimate update
• Negative Sentiment: The firm also cut its Q3 2026 EPS forecast to $0.56 from $1.53, reinforcing concerns that trading or transaction activity may soften. Coinbase Global, Inc. estimate update
• Negative Sentiment: FY2026 EPS estimates were reduced to $1.30 from $5.19, a major downgrade that could weigh on valuation expectations for COIN stock. Coinbase Global, Inc. estimate update
• Neutral Sentiment: Despite the cuts, H.C. Wainwright still rates Coinbase a Buy and keeps a $310 price target, suggesting the long-term thesis remains intact. Coinbase Global, Inc. estimate update

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.