Coinbase Global, Inc. (NASDAQ:COIN) Given Average Rating of "Hold" by Brokerages

Key Points

• Analysts have a consensus “Hold” rating on Coinbase, based on 32 firms: 18 buys, nine holds and five sells. The average 12-month price target is approximately $216.87.
• Coinbase shares opened at $188.12 after rising 5.3%, while recent business results showed an EPS miss and an 18.5% year-over-year revenue decline to $1.22 billion.
• The company is expanding through a Webull Canada partnership and new products such as perpetual futures, but crypto-market volatility, leverage and regulatory risks remain significant concerns.

Coinbase Global, Inc. (NASDAQ:COIN) has earned a consensus recommendation of "Hold" from the thirty-two ratings firms that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and eighteen have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $216.8690.

Several research firms have recently commented on COIN. Argus reissued a "hold" rating on shares of Coinbase Global in a research report on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $208.00 price objective on shares of Coinbase Global in a research report on Wednesday, June 17th. Rosenblatt Securities reiterated a "buy" rating and issued a $240.00 price target on shares of Coinbase Global in a research note on Tuesday, July 28th. Wedbush set a $224.00 price target on Coinbase Global in a research note on Friday, May 8th. Finally, Citigroup reaffirmed a "market outperform" rating on shares of Coinbase Global in a research report on Friday, July 31st.

Insider Buying and Selling at Coinbase Global

In other news, Director Frederick R. Wilson sold 35,068 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $144.32, for a total value of $5,061,013.76. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jennifer N. Jones sold 2,062 shares of Coinbase Global stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $188.75, for a total value of $389,202.50. 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. Over the last three months, insiders sold 49,181 shares of company stock worth $7,365,482. 16.66% of the stock is owned by insiders.

Institutional Trading of Coinbase Global

Institutional investors have recently made changes to their positions in the company. Palisade Asset Management LLC acquired a new stake in Coinbase Global during the 3rd quarter worth $29,000. MV Capital Management Inc. acquired a new stake in shares of Coinbase Global during the fourth quarter worth about $27,000. Osbon Capital Management LLC purchased a new position in shares of Coinbase Global in the fourth quarter valued at approximately $30,000. JPL Wealth Management LLC acquired a new position in shares of Coinbase Global in the third quarter valued at approximately $49,000. Finally, Brooklands Fund Management Ltd purchased a new stake in Coinbase Global during the 4th quarter worth approximately $34,000. 68.84% of the stock is owned by institutional investors and hedge funds.

Coinbase Global News Roundup

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

• Positive Sentiment: Webull partnership expands Coinbase’s international reach: Webull plans to launch crypto trading in Canada using Coinbase’s Crypto-as-a-Service infrastructure, including trading, custody, liquidity and support for assets such as Bitcoin, Ether and Solana. The deal adds Canadian customers and potential recurring infrastructure revenue while extending Coinbase’s existing relationship with Webull in other markets. Webull expands crypto trading into Canada through Coinbase collaboration
• Positive Sentiment: Crypto-linked stocks attracted buying interest: Coinbase climbed alongside Circle and other digital-asset equities, despite weaker recent Bitcoin and Ethereum prices. The rally followed reports that Bitmine’s Ether holdings were approaching 5% of total supply, reinforcing investor interest in crypto-treasury strategies and related companies. Crypto-linked equities rally
• Positive Sentiment: Analyst and investor optimism improved: ARK Invest’s Cathie Wood remains bullish on Coinbase, while technical analysis identified a double-bottom breakout. A sustained move above $193.81 could signal a longer-term base formation, with a potential technical target near $239.60. Coinbase Stock Forecast: COIN Breakout Could Target $239.60
• Neutral Sentiment: Coinbase is broadening its product and institutional offerings: The company is adding leveraged perpetual futures to its Base app and providing custody for large Bitcoin transfers from Metaplanet. These initiatives could increase trading and custody revenue, although the products also carry execution, compliance and risk-management considerations. Coinbase adds perpetual futures to Base
• Negative Sentiment: Market and leverage risks remain: Bitcoin and Ethereum weakness could pressure transaction activity and sentiment, while highly leveraged perpetual-futures trading may increase regulatory, volatility and customer-loss risks. Coinbase’s latest reported quarter also showed an EPS miss and year-over-year revenue decline, underscoring the stock’s sensitivity to crypto-market conditions.

Coinbase Global Stock Up 5.3%

Shares of Coinbase Global stock opened at $188.12 on Tuesday. Coinbase Global has a 1 year low of $139.11 and a 1 year high of $402.16. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.42 and a quick ratio of 2.42. The stock has a market cap of $49.63 billion, a price-to-earnings ratio of -48.99 and a beta of 3.36. The firm's 50-day moving average is $160.89 and its two-hundred day moving average is $174.86.

Coinbase Global (NASDAQ:COIN - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.44) by ($0.92). The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.29 billion. Coinbase Global had a negative net margin of 15.72% and a positive return on equity of 3.12%. Coinbase Global's revenue for the quarter was down 18.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.14 earnings per share. As a group, research analysts expect that Coinbase Global will post -0.06 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source