HC Wainwright Cuts Earnings Estimates for Coinbase Global

Coinbase Global, Inc. (NASDAQ:COIN - Free Report) - HC Wainwright decreased their Q2 2025 earnings per share estimates for shares of Coinbase Global in a report released on Thursday, July 10th. HC Wainwright analyst M. Colonnese now expects that the cryptocurrency exchange will post earnings per share of $0.72 for the quarter, down from their previous estimate of $0.82. HC Wainwright has a "Sell" rating and a $300.00 price target on the stock. The consensus estimate for Coinbase Global's current full-year earnings is $7.22 per share.

COIN has been the subject of a number of other reports. The Goldman Sachs Group boosted their price target on Coinbase Global from $239.00 to $268.00 and gave the company a "neutral" rating in a research note on Monday. Compass Point raised Coinbase Global from a "sell" rating to a "neutral" rating and set a $195.00 price objective on the stock in a research report on Monday, May 12th. Canaccord Genuity Group reaffirmed a "buy" rating and set a $400.00 price objective on shares of Coinbase Global in a research report on Friday, May 9th. JMP Securities reaffirmed a "market outperform" rating and set a $400.00 price objective on shares of Coinbase Global in a research report on Wednesday, June 25th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $300.00 price objective on shares of Coinbase Global in a research report on Monday, June 16th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $298.60.

Coinbase Global Trading Up 4.0%

Coinbase Global stock opened at $388.96 on Friday. The business has a 50-day simple moving average of $278.42 and a two-hundred day simple moving average of $245.80. The company has a market cap of $98.75 billion, a P/E ratio of 72.84, a P/E/G ratio of 27.35 and a beta of 3.70. Coinbase Global has a 52-week low of $142.58 and a 52-week high of $398.56. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 0.40.

Coinbase Global (NASDAQ:COIN - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The cryptocurrency exchange reported $1.94 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.18 by ($0.24). The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.22 billion. Coinbase Global had a net margin of 21.14% and a return on equity of 20.25%. The company's revenue for the quarter was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.53 earnings per share.

Hedge Funds Weigh In On Coinbase Global

Several hedge funds have recently bought and sold shares of COIN. Mascagni Wealth Management Inc. bought a new position in Coinbase Global in the 4th quarter valued at $25,000. Copia Wealth Management bought a new position in Coinbase Global in the 4th quarter valued at $26,000. Bessemer Group Inc. grew its position in Coinbase Global by 297.4% in the 1st quarter. Bessemer Group Inc. now owns 151 shares of the cryptocurrency exchange's stock valued at $26,000 after acquiring an additional 113 shares during the last quarter. Atala Financial Inc bought a new position in Coinbase Global in the 4th quarter valued at $27,000. Finally, McClarren Financial Advisors Inc. bought a new position in Coinbase Global in the 1st quarter valued at $30,000. Institutional investors own 68.84% of the company's stock.

Insider Activity at Coinbase Global

In related news, CFO Alesia J. Haas sold 3,000 shares of the stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $360.20, for a total transaction of $1,080,600.00. Following the sale, the chief financial officer owned 97,366 shares in the company, valued at approximately $35,071,233.20. This represents a 2.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Paul Grewal sold 10,000 shares of the stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $348.64, for a total value of $3,486,400.00. Following the sale, the insider owned 82,328 shares in the company, valued at $28,702,833.92. The trade was a 10.83% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 685,915 shares of company stock worth $222,081,432. Company insiders own 17.65% 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.

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