S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Closing prices for crude oil, gold and other commodities
JPMorgan Chase, Advanced Micro Devices fall; Progressive, State Street rise, 4/12/2024
How major US stock indexes fared Friday, 4/12/2024
MarketBeat Week in Review – 4/8 - 4/12
Faced with possibly paying for news, Google removes links to California news sites for some users
5 Trends You Need to Know This Quarter
The US and UK restrict the trade of Russian-origin metals
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Closing prices for crude oil, gold and other commodities
JPMorgan Chase, Advanced Micro Devices fall; Progressive, State Street rise, 4/12/2024
How major US stock indexes fared Friday, 4/12/2024
MarketBeat Week in Review – 4/8 - 4/12
Faced with possibly paying for news, Google removes links to California news sites for some users
5 Trends You Need to Know This Quarter
The US and UK restrict the trade of Russian-origin metals
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Closing prices for crude oil, gold and other commodities
JPMorgan Chase, Advanced Micro Devices fall; Progressive, State Street rise, 4/12/2024
How major US stock indexes fared Friday, 4/12/2024
MarketBeat Week in Review – 4/8 - 4/12
Faced with possibly paying for news, Google removes links to California news sites for some users
5 Trends You Need to Know This Quarter
The US and UK restrict the trade of Russian-origin metals
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Closing prices for crude oil, gold and other commodities
JPMorgan Chase, Advanced Micro Devices fall; Progressive, State Street rise, 4/12/2024
How major US stock indexes fared Friday, 4/12/2024
MarketBeat Week in Review – 4/8 - 4/12
Faced with possibly paying for news, Google removes links to California news sites for some users
5 Trends You Need to Know This Quarter
The US and UK restrict the trade of Russian-origin metals

Coinbase Global (COIN) Stock Price, News & Analysis

$245.75
-17.26 (-6.56%)
(As of 04/12/2024 ET)
Today's Range
$244.31
$259.97
50-Day Range
$117.30
$279.71
52-Week Range
$46.43
$283.48
Volume
9.05 million shs
Average Volume
10.17 million shs
Market Capitalization
$59.54 billion
P/E Ratio
910.19
Dividend Yield
N/A
Price Target
$163.70

Coinbase Global MarketRank™ Stock Analysis

Analyst Rating
Hold
2.30 Rating Score
Upside/​Downside
33.4% Downside
$163.70 Price Target
Short Interest
Bearish
6.86% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.50mentions of Coinbase Global in the last 14 days
Based on 57 Articles This Week
Insider Trading
Selling Shares
$109.63 M Sold Last Quarter
Proj. Earnings Growth
-23.05%
From $2.43 to $1.87 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.

0.93 out of 5 stars

Finance Sector

789th out of 855 stocks

Nondepository Credit Institutions Industry

39th out of 47 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

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 (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.
Bitcoin Rockets To Record High But Buy THIS Instead
Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…
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
Bitcoin Rockets To Record High But Buy THIS Instead
Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…
Bitcoin Sells Off, Bringing New Spot ETFs Along With It
Spot Bitcoin exchange-traded funds, including the iShares Bitcoin Trust NASDAQ: IBIT, Grayscale Bitcoin Trust NYSEARCA: GBTC, Fidelity Wise Origin Bitcoin Fund NYSEARCA: FBTC, ARK 21Shares Bitcoin ETF BATS: ARKB and Bitwise Bitcoin ETF NYSEARCA: BITB, have seen redemptions in recent days, highlighting the volatile nature of these new securities.
Bitcoin Sells Off, Bringing New Spot ETFs Along With It (COIN)
Despite redemptions as Bitcoin sells off, spot Bitcoin ETFs remain popular among investors seeking cryptocurrency exposure, and analysts forecast fast growth.
3 Stocks to Turn $10,000 Into $1 Million: April 2024
Coinbase Gets a Huge Price Target Boost
SEC warns Uniswap Labs of potential enforcement action
See More Headlines
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Company Calendar

Last Earnings
2/15/2024
Today
4/13/2024
Next Earnings (Estimated)
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
$163.70
High Stock Price Target
$276.00
Low Stock Price Target
$43.00
Potential Upside/Downside
-36.3%
Consensus Rating
Hold
Rating Score (0-4)
2.30
Research Coverage
20 Analysts

Profitability

Net Income
$94.87 million
Pretax Margin
-2.47%

Debt

Sales & Book Value

Annual Sales
$3.11 billion
Cash Flow
$1.41 per share
Book Value
$25.95 per share

Miscellaneous

Free Float
161,937,000
Market Cap
$59.54 billion
Optionable
Optionable
Beta
3.41
12 Stocks Corporate Insiders are Abandoning Cover

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

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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.
  • Marketplace with a pool of liquidity for transacting in crypto assets, catering to the growing demand in the crypto market.
  • Continuous innovation in the crypto space, adapting to the evolving trends and technologies in the industry.
  • Positive market sentiment towards Coinbase Global, Inc., reflecting investor confidence in the company's future growth potential.
  • Current stock price of Coinbase Global, Inc. is showing upward momentum, indicating a favorable market outlook.

Cons

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

  • Volatility in the crypto market may impact the company's financial performance and stock price.
  • Regulatory uncertainties surrounding cryptocurrencies could pose risks to Coinbase Global, Inc.'s operations and profitability.
  • Competition from other crypto platforms and emerging technologies may challenge Coinbase Global, Inc.'s market position.
  • Dependency on the overall performance of the crypto market, subjecting the company to market fluctuations and risks.
  • Potential cybersecurity threats and hacking incidents in the crypto space could affect Coinbase Global, Inc.'s reputation and trust among users.
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 Wednesday, April 10, 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?

20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Coinbase Global in the last year. There are currently 3 sell ratings, 8 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities 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?

20 analysts have issued 12 month price targets for Coinbase Global's shares. Their COIN share price targets range from $43.00 to $276.00. On average, they expect the company's share price to reach $163.70 in the next year. This suggests that the stock has a possible downside of 33.4%.
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 beginning of the year. Since then, COIN stock has increased by 41.3% and is now trading at $245.75.
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 were Coinbase Global's earnings last quarter?

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

When did Coinbase Global IPO?

Coinbase Global (COIN) raised $0 in an IPO on Wednesday, April 14th 2021. The company issued 114,900,000 shares at $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 variety of retail and institutional investors. Top institutional investors include IMC Chicago LLC (0.00%), APEIRON CAPITAL Ltd (0.17%), Paragon Capital Management Ltd (0.10%), Mass General Brigham Inc (0.06%), Global Assets Advisory LLC (0.03%) and Renaissance Capital LLC (0.03%). Insiders that own company stock include Alesia J Haas, Brian Armstrong, Emilie Choi, Frederick Ernest Ehrsam III, Frederick R Wilson, Gokul Rajaram, Jennifer N Jones, Kathryn Haun, Lawrence J Brock, Marc L Andreessen, Paul Grewal, Square Ventures 2012 Fun Union, 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 4/13/2024 by MarketBeat.com Staff

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