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Coinbase Global (COIN) Stock Price, News & Analysis

$205.77
+2.21 (+1.09%)
(As of 03/1/2024 ET)
Today's Range
$196.01
$206.39
50-Day Range
$117.30
$205.77
52-Week Range
$46.43
$212.22
Volume
9.26 million shs
Average Volume
14.79 million shs
Market Capitalization
$49.85 billion
P/E Ratio
762.11
Dividend Yield
N/A
Price Target
$128.19

Coinbase Global MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
37.7% Downside
$128.19 Price Target
Short Interest
Healthy
9.37% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.30mentions of Coinbase Global in the last 14 days
Based on 72 Articles This Week
Insider Trading
Selling Shares
$172.77 M Sold Last Quarter
Proj. Earnings Growth
-39.00%
From $1.00 to $0.61 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.

1.62 out of 5 stars

Finance Sector

706th out of 860 stocks

Nondepository Credit Institutions Industry

33rd out of 48 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

How to Buy Bitcoin Stock: 3 Easy Ways to Do It
Learn all the steps to learn how to buy bitcoin stock, from choosing a cryptocurrency exchange to storing bitcoin. Gain exposure without investing a fortune.
How to Get in on the Blockchain Boom with Blockchain Stocks (COIN)
Blockchain stocks offer a plethora of investment opportunities. Learn how to invest in blockchain stocks and take advantage of the blockchain boom.
Revolutionary Device Redefines Cancer Detection
Discover the breakthrough device that could transform the lives of the estimated 68 million Americans affected by skin cancer. Achieving unprecedented accuracy, this device identifies cancer's molecular signature in just 1.5 seconds. This innovation marks a rapid advance in the battle against cancer. See how investors are unlocking 10% in bonus shares for a limited time.
Coinbase, CleanSpark ride wave of volatility in Bitcoin surge
The cryptocurrency industry is having a moment. Crypto trading platform Coinbase Global Inc. NASDAQ: COIN is up 29% in February, following a profitable quarter that beat estimates by a wide margin.
Coinbase, CleanSpark ride wave of volatility in Bitcoin surge
Coinbase is benefiting from inflows into Bitcoin ETFs as institutional investors dive into the crypto market, now that the SEC offers regulatory oversight.
Bitcoin's soaring rally lifts several crypto-stocks
After the launch of close to a dozen Bitcoin spot ETFs proved to be a sell-the-news event for the popular cryptocurrency, the price of Bitcoin has recovered and surged to a two-year high.
Bitcoin's soaring rally lifts several crypto-stocks
Bitcoin's surge past $52,000 has reignited momentum in cryptocurrency-related stocks, some of which have reached new 52-week highs
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.
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Bitcoin Price Bounces To $62,500, Up Nearly 50% In 2024
Coinbase Users Experienced Issues as Bitcoin Price Rises
Soaring bitcoin set for sharpest monthly jump since 2020
See More Headlines
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Company Calendar

Last Earnings
2/15/2024
Today
3/01/2024
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
$128.19
High Stock Price Target
$250.00
Low Stock Price Target
$36.00
Potential Upside/Downside
-37.5%
Consensus Rating
Hold
Rating Score (0-4)
2.20
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
$1.47 per share
Book Value
$25.93 per share

Miscellaneous

Free Float
161,937,000
Market Cap
$49.68 billion
Optionable
Optionable
Beta
3.14
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Should I Buy Coinbase Global Stock? COIN Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Coinbase Global was last updated on Tuesday, February 27, 2024 at 4:21 PM.

Pros

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

  • Coinbase Global, Inc. provides financial infrastructure and technology for the cryptoeconomy, allowing investors to tap into the growing cryptocurrency market.
  • The company offers a platform for individuals and institutions to buy, sell, and store various cryptocurrencies, providing a convenient way to access digital assets.
  • With the increasing adoption of cryptocurrencies, Coinbase's services are in high demand, potentially leading to revenue growth and increased profitability.
  • Investors can benefit from Coinbase's innovative approach to blockchain technology, which enables users to build crypto-based applications and securely accept crypto assets as payment.
  • Considering the current stock price of Coinbase Global, Inc., investors may find the company's valuation attractive for potential returns.

Cons

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

  • While the cryptocurrency market offers opportunities, it also comes with high volatility and regulatory uncertainties, which could impact Coinbase's business operations and financial performance.














COIN Stock Analysis - Frequently Asked Questions

Should I buy or sell Coinbase Global stock right now?

20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Coinbase Global in the last twelve months. There are currently 5 sell ratings, 6 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?

20 Wall Street analysts have issued 1 year price targets for Coinbase Global's shares. Their COIN share price targets range from $36.00 to $250.00. On average, they anticipate the company's stock price to reach $128.19 in the next year. This suggests that the stock has a possible downside of 37.7%.
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 shares have increased by 18.3% and is now trading at $205.77.
View the best growth stocks for 2024 here
.

Are investors shorting Coinbase Global?

Coinbase Global saw a drop in short interest during the month of February. As of February 15th, there was short interest totaling 15,820,000 shares, a drop of 10.0% from the January 31st total of 17,580,000 shares. Based on an average daily volume of 14,300,000 shares, the days-to-cover ratio is currently 1.1 days. Currently, 9.4% of the shares of the company are sold short.
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, May 2nd 2024.
View our COIN earnings forecast
.

How were Coinbase Global's earnings last quarter?

Coinbase Global, Inc. (NASDAQ:COIN) announced its 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 had revenue of $953.80 million for 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%. The company's revenue for the quarter was up 51.6% on a year-over-year basis. During the same quarter last year, the firm posted ($2.46) EPS.

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 served 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 Vanguard Group Inc. (5.97%), ARK Investment Management LLC (3.59%), Sumitomo Mitsui Trust Holdings Inc. (2.31%), Nikko Asset Management Americas Inc. (2.16%), Citadel Advisors LLC (0.00%) and Simplex Trading LLC (0.00%). 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 3/1/2024 by MarketBeat.com Staff