William Blair Predicts Weaker Earnings for Coinbase Global

Key Points

• Analysts at William Blair have revised their Q4 2026 earnings per share (EPS) estimate for Coinbase Global to $1.74, down from a previous estimate of $1.98, while maintaining an "Outperform" rating.
• For the most recent quarter, Coinbase reported earnings of $0.12 per share, significantly missing the consensus estimate of $0.91, and a revenue of $1.50 billion compared to analyst expectations of $1.68 billion.
• Coinbase's stock has seen varied analyst ratings, with one "sell," twelve "hold," and thirteen "buy" ratings, resulting in a consensus target price of $344.55.

Coinbase Global, Inc. (NASDAQ:COIN - Free Report) - William Blair decreased their Q4 2026 earnings per share estimates for shares of Coinbase Global in a report released on Friday, August 1st. William Blair analyst A. Jeffrey now expects that the cryptocurrency exchange will post earnings per share of $1.74 for the quarter, down from their previous estimate of $1.98. William Blair has a "Outperform" rating on the stock. The consensus estimate for Coinbase Global's current full-year earnings is $7.22 per share.

Several other research firms have also weighed in on COIN. Keefe, Bruyette & Woods decreased their price target on Coinbase Global from $355.00 to $335.00 and set a "market perform" rating on the stock in a report on Monday. Oppenheimer reiterated an "outperform" rating and issued a $417.00 price target on shares of Coinbase Global in a research note on Thursday, July 31st. Canaccord Genuity Group reiterated a "buy" rating and set a $400.00 price target on shares of Coinbase Global in a research report on Friday. Williams Trading set a $405.00 price target on Coinbase Global in a research note on Thursday, July 31st. Finally, Piper Sandler reissued a "neutral" rating and set a $350.00 price objective on shares of Coinbase Global in a research note on Thursday, July 31st. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Coinbase Global has an average rating of "Hold" and a consensus target price of $352.18.

Coinbase Global Price Performance

COIN stock traded down $20.18 during midday trading on Monday, hitting $297.99. The company's stock had a trading volume of 16,799,939 shares, compared to its average volume of 14,682,992. The firm has a market capitalization of $75.65 billion, a price-to-earnings ratio of 52.42, a price-to-earnings-growth ratio of 24.46 and a beta of 3.70. Coinbase Global has a 12 month low of $142.58 and a 12 month high of $444.64. The company has a 50 day moving average of $328.73 and a two-hundred day moving average of $259.54. The company has a quick ratio of 2.13, a current ratio of 2.12 and a debt-to-equity ratio of 0.25.

Coinbase Global (NASDAQ:COIN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The cryptocurrency exchange reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.91 by ($0.79). The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.68 billion. Coinbase Global had a net margin of 40.87% and a return on equity of 16.02%. The company's revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.14 earnings per share.

Institutional Investors Weigh In On Coinbase Global

Large investors have recently modified their holdings of the company. Mascagni Wealth Management Inc. acquired a new stake in Coinbase Global in the fourth quarter worth $25,000. Copia Wealth Management acquired a new stake in Coinbase Global in the fourth quarter worth $26,000. Bessemer Group Inc. lifted its stake in shares of Coinbase Global by 297.4% in the first quarter. Bessemer Group Inc. now owns 151 shares of the cryptocurrency exchange's stock valued at $26,000 after buying an additional 113 shares in the last quarter. McClarren Financial Advisors Inc. bought a new position in shares of Coinbase Global in the first quarter valued at $30,000. Finally, Cullen Frost Bankers Inc. bought a new position in shares of Coinbase Global in the second quarter valued at $30,000. 68.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Coinbase Global

In related news, CFO Alesia J. Haas sold 3,000 shares of the stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $360.20, for a total value of $1,080,600.00. Following the completion of the transaction, the chief financial officer owned 97,366 shares of the company's stock, valued at $35,071,233.20. This represents a 2.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian Armstrong sold 198,300 shares of the stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $397.87, for a total transaction of $78,897,621.00. Following the completion of the transaction, the chief executive officer directly owned 526 shares of the company's stock, valued at approximately $209,279.62. The trade was a 99.74% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,183,340 shares of company stock valued at $434,983,956. Company insiders own 23.43% of the company's stock.

About Coinbase Global

Coinbase Global, Inc provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions.