HC Wainwright Cuts Earnings Estimates for Coinbase Global

Coinbase Global, Inc. (NASDAQ:COIN - Free Report) - Equities researchers at HC Wainwright cut their Q3 2025 earnings estimates for Coinbase Global in a report released on Thursday, July 10th. HC Wainwright analyst M. Colonnese now expects that the cryptocurrency exchange will earn $0.43 per share for the quarter, down from their previous forecast of $1.16. HC Wainwright has a "Sell" rating and a $300.00 price objective on the stock. The consensus estimate for Coinbase Global's current full-year earnings is $7.22 per share. HC Wainwright also issued estimates for Coinbase Global's Q4 2025 earnings at $1.33 EPS, FY2025 earnings at $4.43 EPS, Q1 2026 earnings at $1.85 EPS, Q2 2026 earnings at $2.18 EPS, Q3 2026 earnings at $2.33 EPS, Q4 2026 earnings at $2.60 EPS and FY2026 earnings at $8.96 EPS.

A number of other research firms also recently issued reports on COIN. Sanford C. Bernstein increased their price target on shares of Coinbase Global from $310.00 to $510.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 25th. Rosenblatt Securities reissued a "buy" rating and issued a $300.00 price target on shares of Coinbase Global in a research note on Monday, June 16th. Citigroup reissued a "buy" rating on shares of Coinbase Global in a research note on Wednesday, June 25th. Canaccord Genuity Group reissued a "buy" rating and issued a $400.00 price target on shares of Coinbase Global in a research note on Friday, May 9th. Finally, William Blair initiated coverage on shares of Coinbase Global in a research note on Wednesday, June 11th. They issued an "outperform" rating for the company. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Coinbase Global has a consensus rating of "Moderate Buy" and a consensus target price of $305.71.

Coinbase Global Trading Up 1.8%

Shares of NASDAQ:COIN traded up $6.95 during midday trading on Monday, hitting $394.01. 12,422,444 shares of the stock traded hands, compared to its average volume of 11,174,976. The stock has a market capitalization of $100.03 billion, a PE ratio of 73.78, a P/E/G ratio of 29.42 and a beta of 3.70. The business's 50 day moving average is $282.06 and its two-hundred day moving average is $246.12. 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 has a one year low of $142.58 and a one year high of $398.50.

Coinbase Global (NASDAQ:COIN - Get Free Report) last issued its quarterly earnings data 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 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 business's revenue was up 24.2% on a year-over-year basis. During the same period last year, the company posted $2.53 earnings per share.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Jones Financial Companies Lllp raised its position in shares of Coinbase Global by 125.8% during the 4th quarter. Jones Financial Companies Lllp now owns 490 shares of the cryptocurrency exchange's stock valued at $122,000 after purchasing an additional 273 shares during the period. Proficio Capital Partners LLC raised its position in shares of Coinbase Global by 23.9% during the 4th quarter. Proficio Capital Partners LLC now owns 1,685 shares of the cryptocurrency exchange's stock valued at $418,000 after purchasing an additional 325 shares during the period. Sequoia Financial Advisors LLC raised its position in shares of Coinbase Global by 27.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 4,235 shares of the cryptocurrency exchange's stock valued at $1,051,000 after purchasing an additional 908 shares during the period. Farther Finance Advisors LLC raised its position in shares of Coinbase Global by 4.3% during the 4th quarter. Farther Finance Advisors LLC now owns 964 shares of the cryptocurrency exchange's stock valued at $239,000 after purchasing an additional 40 shares during the period. Finally, Avantax Advisory Services Inc. raised its position in shares of Coinbase Global by 15.5% during the 4th quarter. Avantax Advisory Services Inc. now owns 3,430 shares of the cryptocurrency exchange's stock valued at $852,000 after purchasing an additional 461 shares during the period. Hedge funds and other institutional investors own 68.84% of the company's stock.

Insider Transactions at Coinbase Global

In other news, insider Paul Grewal sold 12,931 shares of Coinbase Global stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $267.29, for a total transaction of $3,456,326.99. Following the transaction, the insider owned 84,280 shares in the company, valued at $22,527,201.20. This trade represents a 13.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Brian Armstrong sold 336,265 shares of Coinbase Global stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $362.61, for a total transaction of $121,933,051.65. Following the transaction, the chief executive officer owned 526 shares in the company, valued at $190,732.86. This represents a 99.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 670,915 shares of company stock worth $219,399,582 in the last 90 days. 17.65% of the stock is currently owned by insiders.

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.