Coinbase Global, Inc. (NASDAQ:COIN) Stock Rated "Hold" by Wall Street Analysts

Coinbase Global, Inc. (NASDAQ:COIN - Get Free Report) has been assigned an average rating of "Hold" from the thirty-six analysts that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and twenty have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $224.44.

A number of brokerages have issued reports on COIN. Barclays upped their price objective on Coinbase Global from $95.00 to $149.00 and gave the company an "underweight" rating in a research note on Wednesday, October 7th. Morgan Stanley lifted their target price on Coinbase Global from $250.00 to $258.00 and gave the stock an "equal weight" rating in a research note on Friday, October 9th. Rosenblatt Securities reiterated a "buy" rating and set a $240.00 target price on shares of Coinbase Global in a research note on Tuesday, July 28th. Piper Sandler boosted their price target on shares of Coinbase Global from $146.00 to $170.00 and gave the stock a "neutral" rating in a report on Friday, October 2nd. Finally, The Goldman Sachs Group restated a "buy" rating and set a $244.00 price target on shares of Coinbase Global in a research report on Wednesday, October 7th.

Insider Activity at Coinbase Global

In other news, CAO Jennifer N. Jones sold 2,062 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $188.75, for a total transaction of $389,202.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 that occurred on Monday, September 21st. The shares were sold at an average price of $205.24, for a total transaction of $8,010,517.20. Following the transaction, the chief financial officer directly owned 345,376 shares of the company's stock, valued at $70,884,970.24. This 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. In the last ninety days, insiders sold 127,188 shares of company stock worth $23,029,558. Insiders own 16.66% of the company's stock.

Institutional Investors Weigh In On Coinbase Global

A number of hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp purchased a new position in shares of Coinbase Global in the second quarter valued at $142,995,000. National Pension Service raised its stake in shares of Coinbase Global by 117.1% during the 2nd quarter. National Pension Service now owns 641,518 shares of the cryptocurrency exchange's stock valued at $93,784,000 after purchasing an additional 346,045 shares during the period. Southpoint Capital Advisors LP bought a new stake in shares of Coinbase Global during the 1st quarter valued at $104,766,000. California State Teachers Retirement System raised its stake in shares of Coinbase Global by 1.8% during the 1st quarter. California State Teachers Retirement System now owns 324,386 shares of the cryptocurrency exchange's stock valued at $56,641,000 after purchasing an additional 5,758 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in shares of Coinbase Global by 103.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 314,338 shares of the cryptocurrency exchange's stock valued at $58,889,000 after purchasing an additional 159,636 shares during the period. Institutional investors own 68.84% of the company's stock.

More Coinbase Global News

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

• Positive Sentiment: Mastercard partnership supports AI-payments growth. Mastercard is opening its blockchain-based agentic payments system to developers after pilots involving Coinbase, Base and Cloudflare. The service could allow AI agents to purchase digital services using stablecoins, creating potential transaction and infrastructure opportunities for Coinbase. Mastercard Taps Coinbase, Cloudflare as AI Agents Learn to Pay
• Positive Sentiment: Thunes deal expands Coinbase’s global payments reach. Coinbase will work with Thunes to connect stablecoin transfers with payouts to billions of bank accounts and mobile wallets across approximately 140 countries. The arrangement could increase stablecoin utility and generate additional custody, conversion and settlement activity. Coinbase partners with Thunes to expand stablecoin payments to 140 countries
• Positive Sentiment: Stablecoin adoption is accelerating. A Coinbase-commissioned report said adjusted stablecoin transfer volume reached $891 billion in the third quarter, with 73% occurring outside U.S. banking hours. Separately, Coinbase’s partnership with Marqeta will support stablecoin-funded business cards, with Coinbase providing custody, dollar conversion and Base settlement. Stablecoin transfers quadruple to $891 billion
• Neutral Sentiment: Broader crypto-market signals were mixed. Bitcoin ETF inflows and institutional blockchain adoption provided support for the sector, but the articles did not identify a specific cryptocurrency move as the primary catalyst for COIN. BlackRock’s Bitcoin ETF had a major inflow
• Negative Sentiment: Regulatory and retail-demand risks remain. A Kazakhstan court restricted Coinbase and several other platforms from operating without local licenses. Recent coverage also highlighted a 31% decline in Coinbase’s retail revenue, increasing the company’s dependence on institutions and payments-related businesses. Kazakhstan court orders curbs on Coinbase

Coinbase Global Price Performance

Coinbase Global stock opened at $170.85 on Wednesday. Coinbase Global has a 52 week low of $139.11 and a 52 week high of $373.25. The company's 50 day moving average price is $179.09 and its two-hundred day moving average price is $175.16. The stock has a market cap of $45.08 billion, a P/E ratio of -44.49 and a beta of 3.41. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.45.

Coinbase Global (NASDAQ:COIN - Get Free Report) last released its earnings results on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.44) by ($0.92). The business had revenue of $1.22 billion during 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%. The business's revenue was down 18.5% on a year-over-year basis. During the same period in the prior year, the company earned $5.14 earnings per share. On average, equities analysts predict that Coinbase Global will post -0.54 earnings per share for the current year.

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.

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