William Blair Predicts Stronger Earnings for Coinbase Global

Key Points

• William Blair has upgraded its Q3 2025 earnings per share estimate for Coinbase Global to $1.14, marking a significant increase from the previous estimate of $0.83.
• Jefferies Financial Group raised its target price for Coinbase shares from $260.00 to $405.00, indicating a favorable outlook among analysts.
• Shares of Coinbase opened at $336.30 with a 52-week range between $142.58 and $444.64, reflecting notable market volatility.

Coinbase Global, Inc. (NASDAQ:COIN - Free Report) - Research analysts at William Blair boosted their Q3 2025 EPS estimates for Coinbase Global in a note issued to investors on Tuesday, October 14th. William Blair analyst A. Jeffrey now forecasts that the cryptocurrency exchange will post earnings per share of $1.14 for the quarter, up from their previous forecast of $0.83. 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 Q4 2025 earnings at $1.24 EPS, FY2025 earnings at $4.42 EPS and Q3 2026 earnings at $1.67 EPS.

Several other research firms have also weighed in on COIN. Jefferies Financial Group lifted their target price on shares of Coinbase Global from $260.00 to $405.00 and gave the company a "hold" rating in a report on Tuesday, July 29th. Monness Crespi & Hardt lowered shares of Coinbase Global from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. BTIG Research began coverage on shares of Coinbase Global in a research note on Wednesday, October 1st. They set a "buy" rating and a $410.00 target price on the stock. Williams Trading set a $405.00 target price on shares of Coinbase Global in a research note on Thursday, July 31st. Finally, Compass Point reaffirmed a "sell" rating and issued a $248.00 price target (down previously from $330.00) on shares of Coinbase Global in a report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $367.94.

Coinbase Global Stock Down 1.5%

Shares of COIN opened at $336.30 on Thursday. Coinbase Global has a 52 week low of $142.58 and a 52 week high of $444.64. The company has a market capitalization of $86.41 billion, a price-to-earnings ratio of 32.52 and a beta of 3.68. The stock's 50-day moving average price is $327.37 and its 200-day moving average price is $290.45. The company has a quick ratio of 2.13, a current ratio of 2.12 and a debt-to-equity ratio of 0.25.

Coinbase Global (NASDAQ:COIN - Get Free Report) last announced its quarterly 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 return on equity of 16.02% and a net margin of 40.87%.The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period in the prior year, the business posted $0.14 earnings per share. Coinbase Global's revenue for the quarter was up 3.3% on a year-over-year basis.

Institutional Investors Weigh In On Coinbase Global

A number of hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. boosted its holdings in shares of Coinbase Global by 24.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 51,447 shares of the cryptocurrency exchange's stock worth $8,861,000 after purchasing an additional 9,952 shares during the last quarter. Amalgamated Bank boosted its stake in Coinbase Global by 4.8% during the first quarter. Amalgamated Bank now owns 13,747 shares of the cryptocurrency exchange's stock worth $2,368,000 after buying an additional 629 shares during the last quarter. Kera Capital Partners Inc. boosted its stake in Coinbase Global by 3.0% during the second quarter. Kera Capital Partners Inc. now owns 36,960 shares of the cryptocurrency exchange's stock worth $12,954,000 after buying an additional 1,085 shares during the last quarter. Parallel Advisors LLC boosted its stake in Coinbase Global by 102.6% during the second quarter. Parallel Advisors LLC now owns 10,665 shares of the cryptocurrency exchange's stock worth $3,738,000 after buying an additional 5,402 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Coinbase Global by 8.1% in the 1st quarter. GAMMA Investing LLC now owns 1,123 shares of the cryptocurrency exchange's stock worth $193,000 after acquiring an additional 84 shares during the last quarter. 68.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Coinbase Global

In other news, CFO Alesia J. Haas sold 1,742 shares of Coinbase Global stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $322.22, for a total value of $561,307.24. Following the sale, the chief financial officer directly owned 5,226 shares of the company's stock, valued at $1,683,921.72. The trade was a 25.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Brian Armstrong sold 25,000 shares of Coinbase Global stock in a transaction on Monday, October 13th. The stock was sold at an average price of $361.32, for a total transaction of $9,033,000.00. Following the sale, the chief executive officer directly owned 526 shares in the company, valued at approximately $190,054.32. This trade represents a 97.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 199,515 shares of company stock valued at $65,362,451 in the last 90 days. Corporate 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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