NASDAQ:COIN

Coinbase Global (COIN) Stock Forecast, Price & News

$71.52

+1.00 (+1.42%)

(As of 09/27/2023 ET)

Compare

Today's Range: $69.95
▼
$73.48
50-Day Range: $70.52
▼
$101.26
52-Week Range: $31.55
▼
$114.43

Volume: 5.32 million shs
Average Volume: 15.58 million shs
Market Capitalization: $16.96 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $77.38

Coinbase Global MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 8.2% Upside
$77.38 Price Target
Short Interest: Healthy
12.40% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.64
Based on 43 Articles This Week
Insider Trading: Selling Shares
$20.23 M Sold Last Quarter
Proj. Earnings Growth: Decreasing
From ($1.45) to ($1.56) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.77 out of 5 stars

Finance Sector

754th out of 862 stocks

Nondepository Credit Institutions Industry

36th out of 46 stocks

2.0

Analyst's Opinion

Consensus Rating
Coinbase Global has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 7 buy ratings, 11 hold ratings, and 7 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $77.38, Coinbase Global has a forecasted upside of 8.2% from its current price of $71.52.
Amount of Analyst Coverage
Coinbase Global has been the subject of 15 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
12.40% of the float of Coinbase Global has been sold short.
Short Interest Ratio / Days to Cover
Coinbase Global has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Coinbase Global has recently decreased by 6.07%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Coinbase Global does not currently pay a dividend.
Dividend Growth
Coinbase Global does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for COIN.

2.6

News and Social Media Coverage

News Sentiment
Coinbase Global has a news sentiment score of 0.64. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.
News Coverage This Week
MarketBeat has tracked 43 news articles for Coinbase Global this week, compared to 36 articles on an average week.
Search Interest
Only 60 people have searched for COIN on MarketBeat in the last 30 days. This is a decrease of -23% compared to the previous 30 days.
MarketBeat Follows
39 people have added Coinbase Global to their MarketBeat watchlist in the last 30 days. This is an increase of 30% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Coinbase Global insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $20,231,614.00 in company stock.
Percentage Held by Insiders
33.16% of the stock of Coinbase Global is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
45.96% of the stock of Coinbase Global is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0

Earnings and Valuation

Earnings Growth
Earnings for Coinbase Global are expected to decrease in the coming year, from ($1.45) to ($1.56) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Coinbase Global is -12.66, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Coinbase Global is -12.66, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Coinbase Global has a P/B Ratio of 3.03. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Coinbase Global (NASDAQ:COIN) Stock

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 Price History

30 days | 90 days | 365 days | Advanced Chart

COIN Stock News Headlines

September 25, 2023 | marketbeat.com

This Is How HSBC's Crypto Collaboration Disrputs Banking (COIN)

Banking giant HSBC rose 5.78% last month on reports of a partnership with crypto custodian Fireblocks as the banking industry explores digital assets.

September 9, 2023 | marketbeat.com

MarketBeat Week in Review – 9/4 - 9/8 (COIN)

This market continues to be filled with contradictions, but the MarketBeat team is here to help you find the opportunities that continue to exist

September 28, 2023 | Behind the Markets (Ad)

Laser breakthrough could send stock soaring 2,467%

Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...

September 6, 2023 | marketbeat.com

Is Bitcoin ETF Launch A Promising Development For Crypto Stocks?

Coinbase ended the week 5% higher after initially surging 15% on Bitcoin ETF news. The SEC said it would review Bitcoin ETF applications by October 19.

August 30, 2023 | marketbeat.com

5 Best Fintech Stocks to Buy Now (COIN)

Fintech combines two words — “finance” and “technology,” where companies apply technology to finance businesses. Learn more about fintech stocks.

August 30, 2023 | marketbeat.com

7 Best Fintech ETFs to Buy Now (COIN)

Fintech seizes the spotlight regularly, so why not connect with ETFs for an investment opportunity? Learn more about investing in fintech ETFs.

August 29, 2023 | marketbeat.com

3 Best Meme ETFs to Buy Now (COIN)

A meme ETF invests in meme stocks. We’ll explore the best meme ETF(s) to buy now and what stocks support this unique investment arena. Learn more.

August 29, 2023 | marketbeat.com

8 Best Meme Stocks to Buy Now (COIN)

Meme stocks took the investing world by storm in 2021, but is it still beneficial to invest meme stocks now? Learn about the best meme stocks to buy now.

September 28, 2023 | Behind the Markets (Ad)

Laser breakthrough could send stock soaring 2,467%

September 27, 2023 | finance.yahoo.com

Coinbase CEO: Crypto industry deserves fair rules

September 27, 2023 | finance.yahoo.com

Coinbase CEO calls out SEC harassment: YF Exclusive

September 27, 2023 | msn.com

Coinbase Leads Major Crypto Industry Lobbying Push For New Regulations

September 27, 2023 | fxstreet.com

Ripple and Coinbase lead the big fight as US crypto firms advocate for regulatory overhaul

September 26, 2023 | finance.yahoo.com

Coinbase Leads Push for New Crypto Rules in D.C. Don’t Expect Immediate Results.

September 26, 2023 | bitcoinist.com

Microstrategy’s Bitcoin Purchase May Explain This Recent Pattern: Analyst

September 26, 2023 | nasdaq.com

XRP News: Ripple’s Future Clouded by SEC Appeal, Coinbase Also Under the Lens

September 26, 2023 | finance.yahoo.com

Crypto trading volume and public interest decline as AI gains momentum

September 26, 2023 | finance.yahoo.com

This crypto exchange in the U.S. owns 5% of all bitcoin

September 26, 2023 | finance.yahoo.com

Bitcoin Is In a Slumber. What Could Jolt It Awake.

September 26, 2023 | finance.yahoo.com

Coinbase Holds $25 Billion In Bitcoin

September 26, 2023 | americanbankingnews.com

Coinbase Global, Inc. (NASDAQ:COIN) Director Gokul Rajaram Sells 1,145 Shares of Stock

September 25, 2023 | finance.yahoo.com

Coinbase Role in Crypto Firm Celsius’s Bankruptcy Plan Questioned by SEC

September 25, 2023 | finance.yahoo.com

Crypto Funds Could Jump From $50 Billion in Assets to $650 Billion in Next 5 Years: Analysts

September 25, 2023 | finance.yahoo.com

Buying 5,445 Bitcoin For $150 Million, MicroStrategy Bets On Long-Term Price

September 25, 2023 | finance.yahoo.com

Coinbase Role in Crypto Firm Celsius’s Bankruptcy Plan Questioned by SEC

September 25, 2023 | msn.com

Coinbase Wants to Diversify Revenues. For Now, It's Still All About Bitcoin.

September 25, 2023 | finance.yahoo.com

Ethereum co-founder Buterin's wallet sees high-profile transfers totaling over $3.9 million

See More Headlines

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COIN Company Calendar

Last Earnings: 8/03/2023
Today: 9/28/2023
Next Earnings (Estimated): 11/02/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Nondepository credit institutions
Sub-Industry: Other Diversified Financial Services
Sector: Finance
Current Symbol: NASDAQ:COIN
CUSIP: N/A
CIK: 1679788
Web: www.coinbase.com
Phone: 302-777-0200
Fax: N/A
Employees: 4,510
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $77.38
High Stock Price Forecast: $145.00
Low Stock Price Forecast: $27.00
Forecasted Upside/Downside: +8.2%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 25 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($5.65)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-2,624,950,000.00
Net Margins: -47.33%
Pretax Margin: -54.04%
Return on Equity: -20.68%
Return on Assets: -0.97%

Debt

Debt-to-Equity Ratio: 0.58
Current Ratio: 1.04
Quick Ratio: 1.04

Sales & Book Value

Annual Sales: $3.19 billion
Price / Sales: 5.31
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $23.63 per share
Price / Book: 3.03

Miscellaneous

Outstanding Shares: 237,180,000
Free Float: 158,528,000
Market Cap: $16.96 billion
Optionable: Not Optionable
Beta: 2.75

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Key Executives

Mr. Brian Armstrong (Age 40)
Co-Founder, Chairman & CEO
Comp: $7.47M

Ms. Emilie M. Choi (Age 44)
Pres & COO
Comp: $1.03M

Mr. Frederick Ernest Ehrsam III (Age 34)
Co-Founder & Director

Ms. Alesia Jeanne Haas (Age 46)
Chief Financial Officer
Comp: $732.17k

Mr. Paul Grewal (Age 51)
Chief Legal Officer & Corp. Sec.
Comp: $732.17k

Jennifer N. Jones
Chief Accounting Officer

Mr. Anil K. Gupta
VP of Investor Relations

Mr. Lawrence J. Brock (Age 51)
Chief People Officer

Mr. Faryar Shirzad
Chief Policy Officer

Mr. Manish Gupta
Exec. VP of Engineering

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

COIN Stock - Frequently Asked Questions

Should I buy or sell Coinbase Global stock right now?: 25 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Coinbase Global in the last year. There are currently 7 sell ratings, 11 hold ratings and 7 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 forecast for 2023?: 25 equities research analysts have issued 1 year target prices for Coinbase Global's stock. Their COIN share price forecasts range from $27.00 to $145.00. On average, they expect the company's share price to reach $77.38 in the next twelve months. This suggests a possible upside of 8.2% from the stock's current price.
View analysts price targets for COIN or view top-rated stocks among Wall Street analysts.
How have COIN shares performed in 2023?: Coinbase Global's stock was trading at $35.39 at the start of the year. Since then, COIN stock has increased by 102.1% and is now trading at $71.52.
View the best growth stocks for 2023 here.
Are investors shorting Coinbase Global?: Coinbase Global saw a decrease in short interest in the month of September. As of September 15th, there was short interest totaling 21,670,000 shares, a decrease of 6.1% from the August 31st total of 23,070,000 shares. Based on an average daily volume of 12,070,000 shares, the short-interest ratio is currently 1.8 days. Approximately 12.4% of the shares of the company are short sold.
View Coinbase Global's Short Interest.
When is Coinbase Global's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
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, August, 3rd. The cryptocurrency exchange reported ($0.42) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.78) by $0.36. The cryptocurrency exchange had revenue of $707.91 million for the quarter, compared to analysts' expectations of $627.60 million. Coinbase Global had a negative trailing twelve-month return on equity of 20.68% and a negative net margin of 47.33%. The business's revenue for the quarter was down 12.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($4.95) earnings per share.
What ETFs hold Coinbase Global's stock?: ETFs with the largest weight of Coinbase Global (NASDAQ:COIN) stock in their portfolio include Fidelity Crypto Industry and Digital Payments ETF (FDIG), First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT), iShares Blockchain and Tech ETF (IBLC), Global X Blockchain ETF (BKCH), ARK Fintech Innovation ETF (ARKF), Bitwise Crypto Industry Innovators ETF (BITQ), Grayscale Future of Finance ETF (GFOF) and VanEck Digital Transformation ETF (DAPP).

When did Coinbase Global IPO?: (COIN) raised $0 in an initial public offering on Wednesday, April 14th 2021. The company issued 114,900,000 shares at $0.00 per share. Goldman Sachs, JPMorgan, Allen & Co. and Citigroup served as the underwriters for the IPO.
What is Coinbase Global's stock symbol?: Coinbase Global trades on the NASDAQ under the ticker symbol "COIN."
Who are Coinbase Global's major shareholders?: Coinbase Global's stock is owned by a variety of institutional and retail investors. Top institutional investors include ARK Investment Management LLC (5.17%), Bank Julius Baer & Co. Ltd Zurich (4.83%), Sumitomo Mitsui Trust Holdings Inc. (3.91%), Citadel Advisors LLC (0.00%), Renaissance Technologies LLC (1.30%) and Geode Capital Management LLC (1.07%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Coinbase Global's stock price today?: One share of COIN stock can currently be purchased for approximately $71.52.
How much money does Coinbase Global make?: Coinbase Global (NASDAQ:COIN) has a market capitalization of $16.96 billion and generates $3.19 billion in revenue each year. The cryptocurrency exchange earns $-2,624,950,000.00 in net income (profit) each year or ($5.65) on an earnings per share basis.
How many employees does Coinbase Global have?: The company employs 4,510 workers across the globe.
How can I contact Coinbase Global?: Coinbase Global's mailing address is C/O THE CORPORATION TRUST COMPANY 1209 ORANGE STREET, WILMINGTON DE, 19801. The official website for the company is www.coinbase.com. The cryptocurrency exchange can be reached via phone at 302-777-0200 or via email at investor@coinbase.com.

This page (NASDAQ:COIN) was last updated on 9/28/2023 by MarketBeat.com Staff

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Coinbase Global (COIN) Stock Forecast, Price & News

Coinbase Global MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Coinbase Global (NASDAQ:COIN) Stock

COIN Price History

COIN Stock News Headlines

COIN Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

COIN Stock - Frequently Asked Questions

Overall MarketRank^™