NASDAQ:COIN

Coinbase Global (COIN) Stock Forecast, Price & News

$70.96

-3.46 (-4.65%)

(As of 04:00 PM ET)

Compare

Today's Range: $70.81
▼
$75.95
50-Day Range: $73.19
▼
$110.15
52-Week Range: $31.55
▼
$114.43

Volume: 6.23 million shs
Average Volume: 15.75 million shs
Market Capitalization: $16.83 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: 7.8% Upside
$77.38 Price Target
Short Interest: Healthy
13.22% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.58
Based on 25 Articles This Week
Insider Trading: Selling Shares
$25.35 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.

1.70 out of 5 stars

Finance Sector

719th out of 809 stocks

Nondepository Credit Institutions Industry

33rd out of 43 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 7.8% from its current price of $71.77.
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
13.22% 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 1.7, 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 7.39%, 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.

2.0

News and Social Media Coverage

News Sentiment
Coinbase Global has a news sentiment score of 0.58. 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 is a lower news sentiment than the 0.71 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 25 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 -40% compared to the previous 30 days.
MarketBeat Follows
44 people have added Coinbase Global to their MarketBeat watchlist in the last 30 days. This is an increase of 47% 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 $25,352,699.00 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 -12.70, 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 -12.70, 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 3.04. 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 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 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.

September 22, 2023 | Chaikin Analytics (Ad)

Buy This Stock for AI Tidal Wave (not NVDA)

The internet boom made more millionaires than any tech - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.

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 22, 2023 | finance.yahoo.com

Coinbase pursued FTX Europe acquisition as it looked to expand overseas derivatives business

September 22, 2023 | Chaikin Analytics (Ad)

This is the #1 Stock to Buy for the AI Tidal Wave

Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.

September 22, 2023 | fortune.com

Coinbase pursued FTX Europe acquisition as it looked to expand its overseas derivatives business

September 22, 2023 | finance.yahoo.com

Coinbase's Ethereum-based Layer-2 platform, Base Network, hints at future token issuance

September 22, 2023 | americanbankingnews.com

Coinbase Global, Inc. (NASDAQ:COIN) Given Average Recommendation of "Hold" by Brokerages

September 21, 2023 | bitcoinist.com

6 Weeks After Launching, Base Layer-2 Bridge Is Processing More Transactions Than Arbitrum

September 21, 2023 | news.bitcoin.com

Coinbase’s L2 Blockchain Base Skyrockets 111% in 41 Days, Overtaking Solana in TVL

September 20, 2023 | finance.yahoo.com

Coinbase’s top lawyer ‘optimistic’ battles with SEC will ‘help shape the landscape and bring clarity for all of us’

September 20, 2023 | benzinga.com

Aptos Labs Integrates Coinbase Pay For Petra Crypto Wallet To Simplify Web3 Usage

September 20, 2023 | msn.com

Coinbase Global, Inc. (COIN) is Attracting Investor Attention: Here is What You Should Know

September 20, 2023 | finance.yahoo.com

Zcash grapples with network dominance issue, considers proof-of-stake shift

September 19, 2023 | finance.yahoo.com

States Are Transforming Crypto As Congress Remains Stuck

September 19, 2023 | techcrunch.com

Aptos Labs adds Coinbase Pay to its Petra crypto wallet

September 19, 2023 | nasdaq.com

Coinbase kicks off grassroots campaign to advance US legislation

September 19, 2023 | finance.yahoo.com

Coinbase Announces Final Results and Expiration of Cash Tender Offer for its Outstanding 3.625% Senior Notes Due 2031

September 18, 2023 | finance.yahoo.com

Binance.US Trading Volume Tumbles While SEC Dispute Heats Up

September 18, 2023 | cointelegraph.com

Why is Bitcoin price up today?

September 17, 2023 | benzinga.com

Coinbase Retains $1 Million Windfall From Curve Finance Hack, Faces Backlash For Not Returning Funds

September 15, 2023 | cointelegraph.com

Coinbase CEO stands up for DeFi, Polygon says $1B ZK-rollup paying off: Finance Redefined

September 15, 2023 | finance.yahoo.com

SEC's Gensler May Face an Unbeatable Foe in Crypto

See More Headlines

Receive COIN Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Coinbase Global and its competitors with MarketBeat's FREE daily newsletter.

COIN Company Calendar

Last Earnings: 8/03/2023
Today: 9/22/2023
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: +4.0%
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: 5.53
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $23.63 per share
Price / Book: 3.15

Miscellaneous

Outstanding Shares: 237,180,000
Free Float: 158,528,000
Market Cap: $17.65 billion
Optionable: Not Optionable
Beta: 2.75

7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed Investors

As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.

Get This Free Report

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 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 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 Wall Street analysts have issued 1 year price objectives for Coinbase Global's shares. Their COIN share price forecasts range from $27.00 to $145.00. On average, they anticipate the company's share price to reach $77.38 in the next twelve months. This suggests a possible upside of 4.0% 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 on January 1st, 2023. Since then, COIN shares have increased by 110.3% and is now trading at $74.42.
View the best growth stocks for 2023 here.
Are investors shorting Coinbase Global?: Coinbase Global saw a drop in short interest in August. As of August 31st, there was short interest totaling 23,070,000 shares, a drop of 7.4% from the August 15th total of 24,910,000 shares. Based on an average daily volume of 13,410,000 shares, the short-interest ratio is currently 1.7 days. Currently, 13.2% of the company's stock 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) released its quarterly earnings data on Thursday, August, 3rd. The cryptocurrency exchange reported ($0.42) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.78) by $0.36. The cryptocurrency exchange earned $707.91 million during the quarter, compared to the consensus estimate of $627.60 million. Coinbase Global had a negative net margin of 47.33% and a negative trailing twelve-month return on equity of 20.68%. The company's quarterly revenue was down 12.4% on a year-over-year basis. During the same period in the prior year, the company 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 IPO 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.
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 retail and institutional 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 $74.42.
How much money does Coinbase Global make?: Coinbase Global (NASDAQ:COIN) has a market capitalization of $17.65 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 9/22/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial