S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
Closing prices for crude oil, gold and other commodities
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
Closing prices for crude oil, gold and other commodities
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
Closing prices for crude oil, gold and other commodities
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
Closing prices for crude oil, gold and other commodities

Coinbase Global (COIN) Stock Price, News & Analysis

$211.01
-7.07 (-3.24%)
(As of 04/19/2024 ET)
Today's Range
$210.18
$227.76
50-Day Range
$140.39
$279.71
52-Week Range
$46.43
$283.48
Volume
9.34 million shs
Average Volume
13.92 million shs
Market Capitalization
$51.12 billion
P/E Ratio
781.52
Dividend Yield
N/A
Price Target
$165.43

Coinbase Global MarketRank™ Stock Analysis

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
21.6% Downside
$165.43 Price Target
Short Interest
Bearish
6.86% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.46mentions of Coinbase Global in the last 14 days
Based on 51 Articles This Week
Insider Trading
Selling Shares
$106.95 M Sold Last Quarter
Proj. Earnings Growth
-22.22%
From $2.43 to $1.89 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.91 out of 5 stars

Finance Sector

786th out of 848 stocks

Nondepository Credit Institutions Industry

38th out of 45 stocks

COIN stock logo

About Coinbase Global Stock (NASDAQ:COIN)

Coinbase Global, Inc. is among the world’s largest and foremost cryptocurrency exchanges. The company provides financial infrastructure and technology for the cryptocurrency economy in the United States and internationally. Coinbase Global, Inc. was founded in 2012 and is based in Wilmington, Delaware.

The company began with the idea that anyone, anywhere should be able to buy and sell Bitcoin and it has grown in tandem with the cryptosphere. Coinbase Global IPO’d in early 2021 and listed more than 100 million verified individual users less than a year later. Assets on the platform fluctuate based on the value of the cryptocurrency market but are counted in the $100’s of billions. The company employs roughly 5,000 people and serves clients in more than 100 countries. The company lists more than 200 assets for trading and over 350 for custody purposes.

The company is led by Bryan Armstrong. Armstrong is a co-founder, Chairman of the Board, CEO, and president of Coinbase and the driving force behind the business. One of his many innovations is making Coinbase Global, Inc a “remote-first” business which means there is no official corporate headquarters. The company operates offices in 12 cities around the world, however, and leases space when there is a concentration of employees in a new area.

Coinbase Global, Inc offers a range of tools for traders and investors. The company offers a primary financial account in the crypto-economy for businesses and consumers alike. The primary account, often referred to as a wallet, allows owners to buy, sell, trade, send, and receive cryptocurrencies supported by the platform. Coinbase Global supports well over 200 different cryptocurrencies and the number is growing so the potential application is very broad. New users may also earn free cryptocurrencies by participating in the company’s education program. The program informs users of new cryptocurrencies and rewards them for their time.

Coinbase Global wallet holders can also benefit from the growing trend in defi. Defi or decentralized finance is a host of applications that allow investors to buy cryptocurrency and stake financial transactions such as insurance or lending. Staked cryptocurrency earns a return just like traditional investments.

Coinbase Global also operates a marketplace with a pool of liquidity for transacting in crypto assets for institutions. Tools for businesses include direct access to the cryptocurrency market and the ability to list crypto assets on the exchange. Assets can be listed and sold to raise capital for projects or as a means of transferring wealth. NFTs are a large part of the marketplace as well and a pillar of the long-term growth outlook.

Along with the wallet and marketplace technology, Coinbase Global offers technology and services that allow ecosystem partners to build crypto-based applications and securely accept cryptocurrencies as payment. These tools are supported by a suite of White-label solutions and API interfaces that can power cryptocurrency transactions and services for any business.

COIN Stock Price History

COIN Stock News Headlines

Biden’s $374B Giveaway Into This Sector
Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here
Breakout Alert: Coinbase's Consolidation Is About To End
Much of the upside in Coinbase, be it past, present or future, is tied to the performance in Bitcoin. This can be bad, but also very good.
Breakout Alert: Coinbase's Consolidation Is About To End
There's no denying that equities are a strong market right now. The benchmark S&P 500 index has been powering to high after high since before Christmas, and there are increasing signs of the Fed beating inflation.
Breakout Alert: Coinbase's Consolidation Is About To End (COIN)
Much of the upside in Coinbase, be it past, present or future, is tied to the performance in Bitcoin. This can be bad, but also very good.
Biden’s $374B Giveaway Into This Sector
Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here
All In: Is MicroStrategy Overleveraging Its Future on Bitcoin? (COIN)
MicroStrategy is the largest corporate holder of bitcoin, but investors have to wonder if MicroStrategy has overleveraged its future with Bitcoin
Coinbase Global (NASDAQ:COIN) Shares Gap Up on Analyst Upgrade
See More Headlines
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Company Calendar

Last Earnings
2/15/2024
Today
4/20/2024
Next Earnings (Confirmed)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Nondepository credit institutions
Sub-Industry
Other Diversified Financial Services
Current Symbol
NASDAQ:COIN
Fax
N/A
Employees
3,416
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$165.43
High Stock Price Target
$276.00
Low Stock Price Target
$43.00
Potential Upside/Downside
-21.6%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
21 Analysts

Profitability

Net Income
$94.87 million
Pretax Margin
-2.47%

Debt

Sales & Book Value

Annual Sales
$3.11 billion
Cash Flow
$1.42 per share
Book Value
$25.95 per share

Miscellaneous

Free Float
161,937,000
Market Cap
$51.12 billion
Optionable
Optionable
Beta
3.41
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Should I Buy Coinbase Global Stock? COIN Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Coinbase Global, Inc.:

  • Strong presence in the crypto economy, providing financial infrastructure and technology for consumers and institutions.
  • Diversification opportunity by investing in the growing crypto market through Coinbase Global.
  • Potential for high returns due to the volatility and growth potential of the cryptocurrency sector.
  • Increased adoption of cryptocurrencies globally, leading to a larger user base for Coinbase's services.
  • Current stock price of COIN showing positive momentum, indicating potential upside for investors.

Cons

Investors should be bearish about investing in Coinbase Global, Inc. for these reasons:

  • Regulatory uncertainties surrounding the cryptocurrency market may impact Coinbase's operations and profitability.
  • High competition in the crypto exchange space could pressure Coinbase's market share and margins.
  • Risk of cybersecurity threats and hacks in the cryptocurrency industry affecting Coinbase's reputation and security measures.
  • Volatility in cryptocurrency prices could lead to fluctuations in Coinbase's revenue and profitability.
  • Potential for regulatory changes impacting the crypto market and Coinbase's business model.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 13, 2024. Please send any questions or comments about these Coinbase Global pros and cons to contact@marketbeat.com.

COIN Stock Analysis - Frequently Asked Questions

Should I buy or sell Coinbase Global stock right now?

21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Coinbase Global in the last year. There are currently 3 sell ratings, 9 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" COIN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in COIN, but not buy additional shares or sell existing shares.
View COIN analyst ratings
or view top-rated stocks.

What is Coinbase Global's stock price target for 2024?

21 analysts have issued 1 year price objectives for Coinbase Global's shares. Their COIN share price targets range from $43.00 to $276.00. On average, they predict the company's stock price to reach $165.43 in the next year. This suggests that the stock has a possible downside of 21.6%.
View analysts price targets for COIN
or view top-rated stocks among Wall Street analysts.

How have COIN shares performed in 2024?

Coinbase Global's stock was trading at $173.92 at the start of the year. Since then, COIN stock has increased by 21.3% and is now trading at $211.01.
View the best growth stocks for 2024 here
.

When is Coinbase Global's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our COIN earnings forecast
.

How can I listen to Coinbase Global's earnings call?

Coinbase Global will be holding an earnings conference call on Thursday, May 2nd at 5:30 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Coinbase Global's earnings last quarter?

Coinbase Global, Inc. (NASDAQ:COIN) issued its earnings results on Thursday, February, 15th. The cryptocurrency exchange reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $1.13. The cryptocurrency exchange earned $953.80 million during the quarter, compared to analysts' expectations of $826.10 million. Coinbase Global had a trailing twelve-month return on equity of 3.54% and a net margin of 3.05%. Coinbase Global's revenue was up 51.6% on a year-over-year basis. During the same quarter last year, the business posted ($2.46) EPS.

When did Coinbase Global IPO?

Coinbase Global (COIN) raised $0 in an initial public offering on Wednesday, April 14th 2021. The company issued 114,900,000 shares at a price of $0.00 per share. Goldman Sachs, JPMorgan, Allen & Co. and Citigroup acted as the underwriters for the IPO.

Who are Coinbase Global's major shareholders?

Coinbase Global's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (1.42%), IMC Chicago LLC (0.00%), APEIRON CAPITAL Ltd (0.17%), Cullinan Associates Inc. (0.12%), Paragon Capital Management Ltd (0.10%) and Mass General Brigham Inc (0.06%). Insiders that own company stock include Alesia J Haas, Brian Armstrong, Emilie Choi, Frederick Ernest Ehrsam III, Gokul Rajaram, Jennifer N Jones, Kathryn Haun, Lawrence J Brock, Marc L Andreessen, Paul Grewal, Surojit Chatterjee and Tobias Lutke.
View institutional ownership trends
.

How do I buy shares of Coinbase Global?

Shares of COIN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:COIN) was last updated on 4/20/2024 by MarketBeat.com Staff

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