HC Wainwright Forecasts Reduced Earnings for Coinbase Global

Coinbase Global, Inc. (NASDAQ:COIN - Free Report) - Equities research analysts at HC Wainwright cut their Q2 2025 earnings per share (EPS) 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 of $0.72 per share for the quarter, down from their previous forecast of $0.82. HC Wainwright currently has a "Sell" rating and a $300.00 target price on the stock. The consensus estimate for Coinbase Global's current full-year earnings is $7.22 per share.

Other equities research analysts have also issued research reports about the company. The Goldman Sachs Group upped their target price on Coinbase Global from $239.00 to $268.00 and gave the company a "neutral" rating in a research note on Monday. William Blair began coverage on Coinbase Global in a research note on Wednesday, June 11th. They issued an "outperform" rating on the stock. Barclays upped their target price on Coinbase Global from $202.00 to $359.00 and gave the company an "equal weight" rating in a research note on Thursday. Compass Point raised Coinbase Global from a "sell" rating to a "neutral" rating and set a $195.00 target price on the stock in a research note on Monday, May 12th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and issued a $260.00 target price (up previously from $210.00) on shares of Coinbase Global in a research note on Tuesday, May 27th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $298.60.

Coinbase Global Price Performance

Shares of NASDAQ:COIN traded down $1.90 during trading on Friday, hitting $387.06. 16,560,793 shares of the stock were exchanged, compared to its average volume of 10,916,478. The company has a fifty day moving average price of $278.42 and a two-hundred day moving average price of $245.80. The company has a market cap of $98.27 billion, a PE ratio of 55.41, a P/E/G ratio of 28.49 and a beta of 3.70. The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 0.40. Coinbase Global has a 12-month low of $142.58 and a 12-month high of $398.56.

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

Insider Activity

In other news, CEO Brian Armstrong sold 336,265 shares of the firm's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $362.61, for a total value of $121,933,051.65. Following the transaction, the chief executive officer directly owned 526 shares in the company, valued at $190,732.86. This trade represents a 99.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frederick Ernest Ehrsam III sold 30,167 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $252.68, for a total value of $7,622,597.56. Following the completion of the transaction, the director owned 10,417 shares in the company, valued at approximately $2,632,167.56. This trade represents a 74.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 685,915 shares of company stock worth $222,081,432 over the last quarter. 17.65% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Coinbase Global

A number of large investors have recently modified their holdings of the company. Farther Finance Advisors LLC raised its holdings in shares of Coinbase Global by 4.3% in the 4th quarter. Farther Finance Advisors LLC now owns 964 shares of the cryptocurrency exchange's stock worth $239,000 after purchasing an additional 40 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Coinbase Global by 4.2% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,015 shares of the cryptocurrency exchange's stock worth $356,000 after purchasing an additional 41 shares during the period. Pallas Capital Advisors LLC raised its holdings in shares of Coinbase Global by 1.6% in the 2nd quarter. Pallas Capital Advisors LLC now owns 2,662 shares of the cryptocurrency exchange's stock worth $933,000 after purchasing an additional 41 shares during the period. IPG Investment Advisors LLC raised its holdings in shares of Coinbase Global by 2.0% during the 4th quarter. IPG Investment Advisors LLC now owns 2,261 shares of the cryptocurrency exchange's stock valued at $561,000 after buying an additional 45 shares during the period. Finally, Clare Market Investments LLC raised its holdings in shares of Coinbase Global by 1.8% during the 2nd quarter. Clare Market Investments LLC now owns 2,552 shares of the cryptocurrency exchange's stock valued at $894,000 after buying an additional 45 shares during the period. 68.84% of the stock is currently owned by hedge funds and other institutional investors.

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.