Coinbase Global (NASDAQ:COIN) Now Covered by William Blair

William Blair began coverage on shares of Coinbase Global (NASDAQ:COIN) in a research report sent to investors on Wednesday, MarketBeat reports. The firm issued an outperform rating on the cryptocurrency exchange’s stock. William Blair also issued estimates for Coinbase Global’s Q2 2025 earnings at $1.33 EPS, Q3 2025 earnings at $1.49 EPS, Q4 2025 earnings at $1.57 EPS, FY2025 earnings at $6.33 EPS and FY2026 earnings at $7.82 EPS.

A number of other equities research analysts also recently commented on the company. Monness Crespi & Hardt upgraded Coinbase Global from a “neutral” rating to a “buy” rating and set a $300.00 price objective for the company in a report on Tuesday, May 13th. Piper Sandler upped their price objective on Coinbase Global from $180.00 to $190.00 and gave the company a “neutral” rating in a report on Friday, May 9th. Cantor Fitzgerald started coverage on Coinbase Global in a report on Tuesday, April 8th. They issued an “overweight” rating and a $245.00 price objective for the company. Needham & Company LLC dropped their price objective on Coinbase Global from $330.00 to $270.00 and set a “buy” rating for the company in a report on Monday, May 12th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $400.00 price objective on shares of Coinbase Global in a report on Thursday, May 8th. Eleven investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Coinbase Global has a consensus rating of “Moderate Buy” and a consensus price target of $266.10.

Coinbase Global Trading Up 0.7%

COIN stock opened at $242.71 on Wednesday. The company has a market cap of $61.62 billion, a P/E ratio of 25.55 and a beta of 3.61. Coinbase Global has a twelve month low of $142.58 and a twelve month high of $349.75. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.41. The business has a fifty day moving average of $221.16 and a 200-day moving average of $241.85.

Coinbase Global (NASDAQ:COIN) last released its earnings results on Thursday, May 8th. The cryptocurrency exchange reported $1.94 earnings per share for the quarter, missing analysts’ consensus estimates of $2.18 by ($0.24). The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.22 billion. Coinbase Global had a return on equity of 20.64% and a net margin of 39.34%. The company’s revenue was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.53 EPS. As a group, equities research analysts expect that Coinbase Global will post 7.22 EPS for the current year.

Insider Transactions at Coinbase Global

In other news, insider Paul Grewal sold 10,000 shares of the company’s stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $198.12, for a total transaction of $1,981,200.00. Following the completion of the transaction, the insider now directly owns 83,313 shares of the company’s stock, valued at $16,505,971.56. This represents a 10.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Alesia J. Haas sold 7,575 shares of the company’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $200.00, for a total value of $1,515,000.00. Following the transaction, the chief financial officer now directly owns 114,866 shares of the company’s stock, valued at $22,973,200. This represents a 6.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 220,717 shares of company stock valued at $49,363,601 over the last three months. Company insiders own 17.65% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Mascagni Wealth Management Inc. acquired a new position in Coinbase Global during the fourth quarter valued at approximately $25,000. Copia Wealth Management acquired a new position in Coinbase Global during the fourth quarter valued at approximately $26,000. Bessemer Group Inc. boosted its position in Coinbase Global by 297.4% during the first quarter. Bessemer Group Inc. now owns 151 shares of the cryptocurrency exchange’s stock valued at $26,000 after purchasing an additional 113 shares during the last quarter. Wingate Wealth Advisors Inc. acquired a new position in Coinbase Global during the fourth quarter valued at approximately $27,000. Finally, Atala Financial Inc acquired a new position in Coinbase Global during the fourth quarter valued at approximately $27,000. 68.84% of the stock is owned by institutional investors and hedge funds.

About Coinbase Global

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.