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NASDAQ:COIN

Coinbase Global - COIN Stock Forecast, Price & News

$42.51
-1.77 (-4.00%)
(As of 11/28/2022 04:32 PM ET)
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Compare
Today's Range
$42.02
$44.90
50-Day Range
$41.23
$75.05
52-Week Range
$40.61
$331.70
Volume
10.42 million shs
Average Volume
11.38 million shs
Market Capitalization
$9.65 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$89.17

Coinbase Global MarketRank™ Forecast

Analyst Rating
Hold
2.39 Rating Score
Upside/​Downside
110.5% Upside
$89.17 Price Target
Short Interest
Bearish
20.48% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.24mentions of Coinbase Global in the last 14 days
Based on 46 Articles This Week
Insider Trading
Selling Shares
$6.66 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($11.42) to ($5.40) Per Share

Overall MarketRank

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

2.45 out of 5 stars

Finance Sector

188th out of 894 stocks

Nondepository Credit Institutions Industry

8th out of 35 stocks

COIN stock logo

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.

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COIN Stock News Headlines

Is GameStop Stock Setting Up for Another Short Squeeze? (COIN)
Video game and accessories reseller GameStop (NYSE: GME) stock had its wings clipped since kicking off the 2021 meme stock frenzy.
Here’s Why SoFi Technologies Stock is Cheap at These Levels (COIN)
Fintech personal finance company Sofi Technologies (NASDAQ: SOFI) stock has fallen (-65%) for the year. The Company has continued to grow retail account
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There's a Huge Silver Lining From the FTX Debacle
Coinbase Global (NASDAQ:COIN) Shares Up 6.9%
Barclays Trims Coinbase Global (NASDAQ:COIN) Target Price to $44.00
Jim Chanos Is Right About Coinbase
See More Headlines
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COIN Company Calendar

Last Earnings
11/03/2022
Today
11/28/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/23/2023

Industry, Sector and Symbol

Industry
Nondepository credit institutions
Sub-Industry
Other Diversified Financial Services
Sector
Finance
Current Symbol
NASDAQ:COIN
Fax
N/A
Employees
3,730
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$89.17
High Stock Price Forecast
$275.00
Low Stock Price Forecast
$41.00
Forecasted Upside/Downside
+109.8%
Consensus Rating
Hold
Rating Score (0-4)
2.39
Research Coverage
23 Analysts

Profitability

Net Income
$3.62 billion
Pretax Margin
-31.66%

Debt

Sales & Book Value

Annual Sales
$7.84 billion
Cash Flow
$13.98 per share
Book Value
$29.39 per share

Miscellaneous

Free Float
145,031,000
Market Cap
$9.65 billion
Optionable
Not Optionable
Beta
2.50

Key Executives

  • Mr. Brian ArmstrongMr. Brian Armstrong (Age 39)
    Co-Founder, Chairman & CEO
    Comp: $2.99M
  • Ms. Emilie M. ChoiMs. Emilie M. Choi (Age 43)
    Pres & COO
    Comp: $1.24M
  • Mr. Frederick Ernest Ehrsam IIIMr. Frederick Ernest Ehrsam III (Age 33)
    Co-Founder & Director
  • Ms. Alesia Jeanne Haas (Age 45)
    Chief Financial Officer
    Comp: $728.5k
  • Mr. Paul GrewalMr. Paul Grewal (Age 50)
    Chief Legal Officer & Corp. Sec.
    Comp: $735k
  • Mr. Surojit ChatterjeeMr. Surojit Chatterjee (Age 47)
    Chief Product Officer
    Comp: $942.39k
  • Jennifer N. JonesJennifer N. Jones
    Chief Accounting Officer
  • Mr. Anil K. Gupta
    VP of Investor Relations
  • Mr. L.J. Brock
    Chief People Officer
  • Mr. Faryar Shirzad
    Chief Policy Officer













COIN Stock - Frequently Asked Questions

Should I buy or sell Coinbase Global stock right now?

23 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 12 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 forecast for 2023?

23 Wall Street analysts have issued 12 month price targets for Coinbase Global's stock. Their COIN share price forecasts range from $41.00 to $275.00. On average, they expect the company's stock price to reach $89.17 in the next twelve months. This suggests a possible upside of 108.8% 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 2022?

Coinbase Global's stock was trading at $252.37 at the beginning of the year. Since then, COIN stock has decreased by 83.1% and is now trading at $42.70.
View the best growth stocks for 2022 here
.

Are investors shorting Coinbase Global?

Coinbase Global saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 31,440,000 shares, an increase of 19.3% from the October 31st total of 26,350,000 shares. Based on an average daily volume of 13,700,000 shares, the short-interest ratio is presently 2.3 days. Approximately 20.5% of the company's shares 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, February 23rd 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, November, 3rd. The cryptocurrency exchange reported ($2.43) EPS for the quarter, missing the consensus estimate of ($2.23) by $0.20. The cryptocurrency exchange had revenue of $590.34 million for the quarter, compared to the consensus estimate of $642.76 million. Coinbase Global had a negative net margin of 24.25% and a negative trailing twelve-month return on equity of 20.19%.

When did Coinbase Global IPO?

(COIN) raised $0 in an initial public offering (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.

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 number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (5.63%), Sumitomo Mitsui Trust Holdings Inc. (2.52%), Renaissance Technologies LLC (1.30%), Citadel Advisors LLC (0.00%), Two Sigma Advisers LP (0.84%) and Jane Street Group LLC (0.00%). Insiders that own company stock include Alesia J Haas, Brian Armstrong, Emilie Choi, Frederick Ernest Ehrsam III, Frederick R Wilson, Jennifer N Jones, Kathryn Haun, 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 $42.70.

How much money does Coinbase Global make?

Coinbase Global (NASDAQ:COIN) has a market capitalization of $9.69 billion and generates $7.84 billion in revenue each year. The cryptocurrency exchange earns $3.62 billion in net income (profit) each year or ($6.07) on an earnings per share basis.

How many employees does Coinbase Global have?

The company employs 3,730 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 11/28/2022 by MarketBeat.com Staff