Analysts’ Recent Ratings Updates for Coinbase Global (COIN)

Coinbase Global (NASDAQ: COIN) has recently received a number of price target changes and ratings updates:

• 2/14/2025 – Coinbase Global had its price target raised by analysts at Piper Sandler from $285.00 to $310.00. They now have a “neutral” rating on the stock.
• 2/14/2025 – Coinbase Global had its price target raised by analysts at JMP Securities from $400.00 to $475.00. They now have a “market outperform” rating on the stock.
• 2/14/2025 – Coinbase Global had its price target raised by analysts at Barclays PLC from $282.00 to $328.00. They now have an “equal weight” rating on the stock.
• 2/14/2025 – Coinbase Global had its price target raised by analysts at Canaccord Genuity Group Inc. from $280.00 to $400.00. They now have a “buy” rating on the stock.
• 2/13/2025 – Coinbase Global had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $330.00 price target on the stock.
• 2/12/2025 – Coinbase Global had its price target raised by analysts at HC Wainwright from $255.00 to $330.00. They now have a “buy” rating on the stock.
• 2/7/2025 – Coinbase Global had its price target lowered by analysts at Needham & Company LLC from $420.00 to $330.00. They now have a “buy” rating on the stock.
• 1/29/2025 – Coinbase Global was upgraded by analysts at Mizuho from a “neutral” rating to an “outperform” rating. They now have a $290.00 price target on the stock, up previously from $250.00.
• 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.

Coinbase Global Trading Down 8.0 %

NASDAQ COIN traded down $23.80 during trading hours on Monday, reaching $274.31. The company had a trading volume of 19,208,533 shares, compared to its average volume of 7,607,109. The stock has a 50-day moving average of $280.97 and a 200 day moving average of $238.36. Coinbase Global, Inc. has a 1-year low of $146.12 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 stock has a market capitalization of $68.67 billion, a P/E ratio of 46.81 and a beta of 3.61.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings results on Thursday, February 13th. The cryptocurrency exchange reported $3.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $2.93. Coinbase Global had a net margin of 29.76% and a return on equity of 14.81%. As a group, research analysts anticipate that Coinbase Global, Inc. will post 4.81 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Frederick Ernest Ehrsam III sold 26,649 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $308.14, for a total transaction of $8,211,622.86. Following the sale, the director now directly owns 10,417 shares in the company, valued at approximately $3,209,894.38. This represents a 71.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian Armstrong sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $275.26, for a total transaction of $6,881,500.00. Following the sale, the chief executive officer now owns 526 shares in the company, valued at $144,786.76. The trade was a 97.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 328,529 shares of company stock worth $95,595,712. Company insiders own 23.43% of the company’s stock.

Hedge Funds Weigh In On Coinbase Global

Several hedge funds have recently added to or reduced their stakes in the stock. Strategic Wealth Partners Ltd. increased its stake in Coinbase Global by 19.7% in the fourth quarter. Strategic Wealth Partners Ltd. now owns 2,045 shares of the cryptocurrency exchange’s stock valued at $508,000 after purchasing an additional 336 shares during the last quarter. Studio Investment Management LLC purchased a new position in Coinbase Global in the fourth quarter valued at approximately $38,000. Scientech Research LLC purchased a new position in Coinbase Global in the fourth quarter valued at approximately $1,537,000. Siemens Fonds Invest GmbH increased its stake in Coinbase Global by 2,578.0% in the fourth quarter. Siemens Fonds Invest GmbH now owns 54,095 shares of the cryptocurrency exchange’s stock valued at $13,432,000 after purchasing an additional 52,075 shares during the last quarter. Finally, Shell Asset Management Co. increased its stake in Coinbase Global by 54.3% in the fourth quarter. Shell Asset Management Co. now owns 1,316 shares of the cryptocurrency exchange’s stock valued at $327,000 after purchasing an additional 463 shares during the last quarter. 68.84% of the stock is currently owned by hedge funds and other institutional investors.

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.