Q1 EPS Estimates for Coinbase Global Raised by William Blair

Key Points

• William Blair has raised its Q1 2026 EPS estimate for Coinbase Global to $1.45, up from $1.39, maintaining an "Outperform" rating on the stock.
• Coinbase recently reported Q2 earnings of $0.12 per share, significantly missing the consensus estimate of $0.91, with revenue of $1.50 billion.
• Several analysts have varied ratings on Coinbase, with Barclays raising the target price to $365.00, while Compass Point lowered it to $248.00.

Coinbase Global, Inc. (NASDAQ:COIN - Free Report) - Research analysts at William Blair upped their Q1 2026 earnings per share (EPS) estimates for shares of Coinbase Global in a report released on Wednesday, August 20th. William Blair analyst A. Jeffrey now expects that the cryptocurrency exchange will post earnings of $1.45 per share for the quarter, up from their previous estimate of $1.39. 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. William Blair also issued estimates for Coinbase Global's Q2 2026 earnings at $1.61 EPS, Q4 2026 earnings at $1.75 EPS and FY2026 earnings at $6.39 EPS.

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

Several other equities research analysts have also recently issued reports on the stock. Barclays raised their target price on shares of Coinbase Global from $352.00 to $365.00 and gave the stock an "equal weight" rating in a research report on Friday, August 15th. Keefe, Bruyette & Woods decreased their target price on shares of Coinbase Global from $355.00 to $335.00 and set a "market perform" rating on the stock in a research report on Monday, August 4th. Monness Crespi & Hardt cut shares of Coinbase Global from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. Argus assumed coverage on shares of Coinbase Global in a research report on Monday, July 14th. They issued a "buy" rating and a $400.00 target price on the stock. Finally, Compass Point reissued a "sell" rating and issued a $248.00 target price (down from $330.00) on shares of Coinbase Global in a research report on Monday, August 4th. Thirteen research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Coinbase Global has an average rating of "Hold" and a consensus price target of $352.72.

Coinbase Global Stock Performance

Shares of NASDAQ COIN opened at $300.28 on Friday. The company has a market cap of $77.15 billion, a PE ratio of 29.04 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 debt-to-equity ratio of 0.25, a current ratio of 2.12 and a quick ratio of 2.13. The company has a 50-day simple moving average of $344.45 and a 200-day simple moving average of $261.85.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of COIN. Cadent Capital Advisors LLC boosted its stake in Coinbase Global by 1.0% in the second quarter. Cadent Capital Advisors LLC now owns 3,162 shares of the cryptocurrency exchange's stock valued at $1,108,000 after acquiring an additional 30 shares during the last quarter. Ameriflex Group Inc. increased its position in shares of Coinbase Global by 20.0% during the second quarter. Ameriflex Group Inc. now owns 180 shares of the cryptocurrency exchange's stock worth $68,000 after acquiring an additional 30 shares in the last quarter. Pettinga Financial Advisors LLC increased its position in shares of Coinbase Global by 2.6% during the second quarter. Pettinga Financial Advisors LLC now owns 1,321 shares of the cryptocurrency exchange's stock worth $463,000 after acquiring an additional 34 shares in the last quarter. StoneX Group Inc. increased its position in shares of Coinbase Global by 1.8% during the second quarter. StoneX Group Inc. now owns 1,970 shares of the cryptocurrency exchange's stock worth $690,000 after acquiring an additional 34 shares in the last quarter. Finally, Evelyn Partners Investment Management Europe Ltd boosted its holdings in Coinbase Global by 92.3% during the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 75 shares of the cryptocurrency exchange's stock worth $29,000 after purchasing an additional 36 shares during the last quarter. 68.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Coinbase Global

In other news, insider Paul Grewal sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $348.64, for a total transaction of $3,486,400.00. Following the completion of the sale, the insider owned 82,328 shares of the company's stock, valued at approximately $28,702,833.92. This trade represents a 10.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian Armstrong sold 25,000 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $326.71, for a total value of $8,167,750.00. Following the sale, the chief executive officer directly owned 526 shares in the company, valued at approximately $171,849.46. This represents a 97.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,185,704 shares of company stock valued at $438,918,732 in the last ninety days. 17.65% of the stock is owned by corporate insiders.

Coinbase Global Company Profile

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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