William Blair Cuts Earnings Estimates for Coinbase Global

Coinbase Global, Inc. (NASDAQ:COIN - Free Report) - Investment analysts at William Blair dropped their Q2 2025 earnings per share (EPS) estimates for shares of Coinbase Global in a research report issued to clients and investors on Wednesday, July 16th. William Blair analyst A. Jeffrey now expects that the cryptocurrency exchange will post earnings per share of $1.19 for the quarter, down from their previous estimate of $1.33. William Blair currently 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 Q3 2025 earnings at $1.47 EPS, Q4 2025 earnings at $1.64 EPS, FY2025 earnings at $6.26 EPS, Q1 2026 earnings at $1.80 EPS, Q2 2026 earnings at $1.86 EPS, Q3 2026 earnings at $1.98 EPS, Q4 2026 earnings at $1.98 EPS and FY2026 earnings at $7.63 EPS.

Several other brokerages have also recently weighed in on COIN. Keefe, Bruyette & Woods raised their price target on shares of Coinbase Global from $183.00 to $205.00 and gave the company a "market perform" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. cut their price target on Coinbase Global from $276.00 to $215.00 and set a "neutral" rating for the company in a research note on Friday, May 9th. Rosenblatt Securities boosted their price objective on Coinbase Global from $300.00 to $470.00 and gave the company a "buy" rating in a research note on Thursday. Sanford C. Bernstein lifted their price objective on Coinbase Global from $310.00 to $510.00 and gave the company an "outperform" rating in a research note on Wednesday, June 25th. Finally, Needham & Company LLC reduced their target price on Coinbase Global from $330.00 to $270.00 and set a "buy" rating on the stock in a research note on Monday, May 12th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Coinbase Global has an average rating of "Moderate Buy" and a consensus price target of $313.10.

Coinbase Global Stock Performance

Shares of COIN opened at $427.87 on Friday. Coinbase Global has a 12 month low of $142.58 and a 12 month high of $422.32. The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $108.63 billion, a P/E ratio of 79.30, a price-to-earnings-growth ratio of 30.30 and a beta of 3.70. The firm's fifty day simple moving average is $297.88 and its two-hundred day simple moving average is $250.10.

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

Institutional Trading of Coinbase Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mascagni Wealth Management Inc. purchased a new stake in shares of Coinbase Global during the fourth quarter worth about $25,000. Copia Wealth Management acquired a new stake in shares of Coinbase Global in the fourth quarter valued at about $26,000. Mpwm Advisory Solutions LLC acquired a new stake in Coinbase Global in the 4th quarter valued at about $35,000. Brooklands Fund Management Ltd acquired a new stake in Coinbase Global in the 4th quarter valued at about $37,245,000. Finally, Ameriflex Group Inc. acquired a new stake in shares of Coinbase Global during the fourth quarter valued at about $37,000. Institutional investors and hedge funds own 68.84% of the company's stock.

Insider Transactions at Coinbase Global

In other Coinbase Global news, CEO Brian Armstrong sold 336,265 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $362.61, for a total value of $121,933,051.65. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frederick Ernest Ehrsam III sold 30,167 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $252.68, for a total value of $7,622,597.56. Following the transaction, the director directly owned 10,417 shares in the company, valued at $2,632,167.56. This represents a 74.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,245,915 shares of company stock worth $447,462,456. Company insiders own 17.65% of the company's stock.

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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