Coinbase Global (NASDAQ:COIN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Coinbase Global (NASDAQ:COIN) from a strong sell rating to a sell rating in a research report released on Saturday morning,Wall Street Zen reports.

Several other brokerages also recently weighed in on COIN. Weiss Ratings raised shares of Coinbase Global from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. BTIG Research reaffirmed a “buy” rating and set a $240.00 price target on shares of Coinbase Global in a research note on Friday. UBS Group set a $155.00 price target on shares of Coinbase Global in a research note on Friday, July 31st. Citizens Jmp lowered their price target on shares of Coinbase Global from $325.00 to $280.00 and set a “market outperform” rating for the company in a report on Friday, October 9th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $200.00 price objective on shares of Coinbase Global in a research report on Thursday, October 29th. Twenty investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Coinbase Global presently has an average rating of “Hold” and an average price target of $211.47.

Coinbase Global Stock Down 4.0%

COIN opened at $137.83 on Friday. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.45. The firm has a market cap of $36.37 billion, a P/E ratio of -48.70 and a beta of 3.41. Coinbase Global has a 52 week low of $135.46 and a 52 week high of $342.80. The business’s fifty day simple moving average is $178.77 and its 200 day simple moving average is $178.24.

Insiders Place Their Bets

In related news, Director Marc L. Andreessen sold 6,838 shares of the stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $198.00, for a total transaction of $1,353,924.00. Following the transaction, the director directly owned 1,108,972 shares in the company, valued at approximately $219,576,456. This represents a 0.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Alesia J. Haas sold 39,030 shares of the stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $205.24, for a total value of $8,010,517.20. Following the transaction, the chief financial officer owned 345,376 shares in the company, valued at $70,884,970.24. This trade represents a 10.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 92,120 shares of company stock worth $17,968,544 in the last three months. Company insiders own 16.66% of the company’s stock.

Institutional Trading of Coinbase Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NBT Bank N.A. purchased a new position in Coinbase Global in the 3rd quarter worth approximately $28,000. Glen Eagle Advisors LLC grew its position in Coinbase Global by 101.1% in the first quarter. Glen Eagle Advisors LLC now owns 175 shares of the cryptocurrency exchange’s stock valued at $31,000 after acquiring an additional 88 shares in the last quarter. Archer Investment Corp raised its stake in shares of 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. Root Financial Partners LLC purchased a new stake in shares of Coinbase Global during the third quarter valued at approximately $37,000. Finally, Kings Path Partners LLC purchased a new stake in shares of Coinbase Global during the third quarter valued at approximately $37,000. Hedge funds and other 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: Some analysts still view Coinbase as a long-term beneficiary of the Binance crisis. BTIG and H.C. Wainwright reiterated bullish views, arguing that Coinbase’s regulated U.S. position could help it gain market share. Binance Got Hacked for $6.3 Billion
• Positive Sentiment: ARK Invest reportedly purchased about $11 million of Coinbase and Circle shares after the Binance hack, signaling confidence that established, better-regulated platforms may benefit. Cathie Wood’s ARK Buys and Sells
• Positive Sentiment: New Jersey rescinded its Coinbase staking ban and $5 million penalty, removing a regulatory obstacle, although four states reportedly continue to restrict new staking activity. New Jersey Ends Coinbase Staking Ban
• Neutral Sentiment: Coinbase is diversifying beyond spot trading through prediction markets, derivatives, stablecoin partnerships and other infrastructure. These products helped offset a reported 10% quarter-over-quarter decline in spot trading, but investors remain concerned about the durability and scale of the newer revenue streams. The Five Most Interesting Analyst Questions
• Neutral Sentiment: Bitwise’s Matt Hougan said a major Anthropic IPO could eventually channel billions of dollars into crypto, though an initial shift of investor capital toward artificial-intelligence stocks could temporarily pressure Bitcoin and Coinbase. Bitwise’s Matt Hougan on the Anthropic IPO
• Negative Sentiment: Morgan Stanley downgraded Coinbase to Underweight and slashed its price target from $258 to $120. The bank cited slowing trading activity, a softer revenue outlook and a potentially slower earnings recovery following the Binance hack. Morgan Stanley Cuts Coinbase Target to $120
• Negative Sentiment: Several other firms also reduced their price targets after third-quarter results. Although Coinbase reportedly returned to profitability with approximately $719 million of net income, revenue was about $1.22 billion and below the prior-year level, reinforcing concerns that results remain highly dependent on crypto activity. Wall Street Analysts Are Slashing Price Targets
• Negative Sentiment: Chief Executive Brian Armstrong’s equity plan permits the sale of up to roughly 8.17 million shares if specified price thresholds are met, creating a potential supply and insider-selling overhang. Coinbase CEO Could Sell 8.2 Million Shares

Coinbase Global Company Profile

Coinbase Global, Inc operates a digital-asset financial infrastructure and technology platform. Through its Coinbase platform, the company enables individuals and institutions to buy, sell, store, transfer and use cryptocurrencies and other digital assets. Its services are designed to support both retail customers and institutional participants in the digital-asset economy.

The company offers cryptocurrency trading, custody and staking services, as well as subscription products and institutional solutions.