Weekly Analysts’ Ratings Updates for Coinbase Global (COIN)

Coinbase Global (NASDAQ: COIN) recently received a number of ratings updates from brokerages and research firms:

• 1/17/2025 – Coinbase Global had its price target lowered by analysts at Oppenheimer Holdings Inc. from $358.00 to $334.00. They now have an “outperform” rating on the stock.
• 1/13/2025 – Coinbase Global had its price target lowered by analysts at Keefe, Bruyette & Woods from $275.00 to $255.00. They now have a “market perform” rating on the stock.
• 1/10/2025 – Coinbase Global had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $397.00 to $340.00. They now have a “neutral” rating on the stock.
• 1/7/2025 – Coinbase Global had its price target raised by analysts at Piper Sandler from $245.00 to $285.00. They now have a “neutral” rating on the stock.
• 12/20/2024 – Coinbase Global had its price target raised by analysts at Keefe, Bruyette & Woods from $165.00 to $275.00. They now have a “market perform” rating on the stock.
• 12/19/2024 – Coinbase Global had its price target raised by analysts at Monness Crespi & Hardt from $245.00 to $390.00. They now have a “buy” rating on the stock.
• 12/9/2024 – Coinbase Global had its price target raised by analysts at Barclays PLC from $204.00 to $355.00. They now have an “equal weight” rating on the stock.
• 12/9/2024 – Coinbase Global had its price target raised by analysts at Needham & Company LLC from $375.00 to $420.00. They now have a “buy” rating on the stock.
• 12/2/2024 – Coinbase Global had its price target raised by analysts at The Goldman Sachs Group, Inc. from $183.00 to $397.00. They now have a “neutral” rating on the stock.

Coinbase Global Stock Performance

COIN stock opened at $277.68 on Tuesday. Coinbase Global, Inc. has a 1-year low of $114.51 and a 1-year high of $349.75. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.48. The firm has a market cap of $69.52 billion, a PE ratio of 47.39 and a beta of 3.59. The business’s 50-day moving average price is $289.59 and its two-hundred day moving average price is $234.36.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings data on Wednesday, October 30th. The cryptocurrency exchange reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.13). Coinbase Global had a net margin of 29.76% and a return on equity of 14.81%. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the firm earned ($0.01) EPS. The company’s revenue for the quarter was up 78.8% on a year-over-year basis. As a group, research analysts forecast that Coinbase Global, Inc. will post 4.81 earnings per share for the current year.

Insider Activity

In related news, COO Emilie Choi sold 1,500 shares of Coinbase Global stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $203.30, for a total value of $304,950.00. Following the sale, the chief operating officer now owns 175,101 shares of the company’s stock, valued at approximately $35,598,033.30. This trade represents a 0.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frederick Ernest Ehrsam III sold 25,194 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $298.95, for a total value of $7,531,746.30. Following the transaction, the director now directly owns 10,417 shares of the company’s stock, valued at approximately $3,114,162.15. This trade represents a 70.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 367,489 shares of company stock worth $109,624,297 over the last quarter. 23.43% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Empowered Funds LLC lifted its position in Coinbase Global by 0.8% during the 3rd quarter. Empowered Funds LLC now owns 5,185 shares of the cryptocurrency exchange’s stock worth $924,000 after buying an additional 43 shares in the last quarter. Yousif Capital Management LLC increased its position in shares of Coinbase Global by 1.7% in the fourth quarter. Yousif Capital Management LLC now owns 2,559 shares of the cryptocurrency exchange’s stock valued at $635,000 after acquiring an additional 44 shares during the last quarter. Capital Advisors Wealth Management LLC boosted its position in Coinbase Global by 3.2% during the fourth quarter. Capital Advisors Wealth Management LLC now owns 1,470 shares of the cryptocurrency exchange’s stock valued at $365,000 after purchasing an additional 45 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its position in Coinbase Global by 9.4% during the third quarter. Creative Financial Designs Inc. ADV now owns 595 shares of the cryptocurrency exchange’s stock valued at $106,000 after purchasing an additional 51 shares during the last quarter. Finally, Pallas Capital Advisors LLC grew its stake in Coinbase Global by 2.0% in the fourth quarter. Pallas Capital Advisors LLC now owns 2,625 shares of the cryptocurrency exchange’s stock valued at $652,000 after purchasing an additional 51 shares in the last quarter. Institutional investors and hedge funds own 68.84% of the company’s stock.

Coinbase Global, Inc provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions.