Analysts Set Coinbase Global, Inc. (NASDAQ:COIN) PT at $262.07

Coinbase Global, Inc. (NASDAQ:COIN) has received a consensus rating of “Hold” from the thirty-three ratings firms that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and nineteen have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $262.0733.

Several equities analysts recently issued reports on COIN shares. HC Wainwright reduced their price target on shares of Coinbase Global from $425.00 to $350.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. Barclays cut shares of Coinbase Global from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $148.00 to $140.00 in a research report on Wednesday, April 8th. Rothschild & Co Redburn reduced their price target on shares of Coinbase Global from $281.00 to $254.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Benchmark reduced their price target on shares of Coinbase Global from $421.00 to $267.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Finally, President Capital lowered their price target on shares of Coinbase Global from $472.00 to $236.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th.

Insider Transactions at Coinbase Global

In related news, CFO Alesia J. Haas sold 364,600 shares of Coinbase Global stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $154.95, for a total transaction of $56,494,770.00. Following the completion of the transaction, the chief financial officer directly owned 402,165 shares of the company’s stock, valued at $62,315,466.75. This trade represents a 47.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last three months, insiders have sold 394,590 shares of company stock worth $62,508,690. Company insiders own 16.66% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of COIN. Norges Bank purchased a new position in Coinbase Global during the 4th quarter valued at about $656,744,000. Vanguard Group Inc. lifted its position in Coinbase Global by 8.3% during the 3rd quarter. Vanguard Group Inc. now owns 26,216,793 shares of the cryptocurrency exchange’s stock valued at $8,847,905,000 after acquiring an additional 2,007,930 shares during the period. Capital World Investors lifted its position in Coinbase Global by 847.2% during the 4th quarter. Capital World Investors now owns 1,536,534 shares of the cryptocurrency exchange’s stock valued at $347,472,000 after acquiring an additional 1,374,318 shares during the period. Ruffer LLP purchased a new position in Coinbase Global during the 4th quarter valued at about $166,515,000. Finally, Artisan Partners Limited Partnership purchased a new position in Coinbase Global during the 3rd quarter valued at about $224,663,000. 68.84% of the stock is owned by hedge funds and other institutional investors.

Coinbase Global Price Performance

Shares of NASDAQ COIN opened at $197.75 on Wednesday. Coinbase Global has a 1 year low of $139.36 and a 1 year high of $444.64. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.34 and a quick ratio of 2.34. The company’s 50-day moving average is $187.67 and its 200 day moving average is $228.86. The stock has a market capitalization of $52.22 billion, a P/E ratio of 45.05, a P/E/G ratio of 4.59 and a beta of 3.38.

Coinbase Global (NASDAQ:COIN) last announced its quarterly earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.17). Coinbase Global had a net margin of 17.55% and a return on equity of 8.68%. The company had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the prior year, the firm earned $4.68 EPS. Coinbase Global’s quarterly revenue was down 21.6% compared to the same quarter last year. On average, sell-side analysts expect that Coinbase Global will post 2.77 earnings per share for the current year.

More Coinbase Global News

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

• Positive Sentiment: Regulatory clarity around stablecoins lifted the whole sector, supporting Coinbase’s long-term revenue opportunities from custody, staking and stablecoin-related flows. Stablecoin rules spark crypto stock rally
• Positive Sentiment: Analyst support: JPMorgan raised its price target to $290 and kept an Overweight rating, giving a bullish institutional view that may cap downside. JPMorgan raises COIN PT
• Positive Sentiment: Product & strategy: Coinbase is expanding into tokenization and on-chain credit (naming Centrifuge as a tokenization partner and launching the CUSHY tokenized credit fund), moves that target higher-margin institutional revenue streams. Coinbase selects Centrifuge CUSHY tokenized fund
• Neutral Sentiment: Management framing: CEO Brian Armstrong calls the cuts an “AI-native” pivot and says the company is well-capitalized — messaging meant to reassure investors but still leaves execution risk. Reuters on Coinbase cuts
• Negative Sentiment: Layoffs and restructuring: Coinbase will cut ~700 jobs (about 14% of staff) and flatten management, which triggers one-time charges (reports cite up to ~$60M) and raises near-term execution and morale risks. That news has been digested as both cost-saving and a signal of lower trading volumes. LA Times on layoffs
• Negative Sentiment: Near-term revenue/earnings pressure: Analysts expect weaker Q1 revenue and EPS (consensus previews show declines vs. prior year), and investors are cautious ahead of the May 7 earnings release. Q1 preview
• Negative Sentiment: Org chart uncertainty: Replacing “pure managers” with “player-coaches” and flattening layers creates execution uncertainty and potential short-term disruption. Fortune on org changes

Coinbase Global Company Profile

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.