Coinbase Global (NASDAQ:COIN) Price Target Cut to $301.50 by Analysts at China Renaissance

Coinbase Global (NASDAQ:COIN) had its price objective reduced by China Renaissance from $479.30 to $301.50 in a research report sent to investors on Wednesday,MarketScreener reports. They currently have a buy rating on the cryptocurrency exchange’s stock.

COIN has been the subject of a number of other research reports. B. Riley lifted their target price on Coinbase Global from $185.00 to $243.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Jefferies Financial Group reaffirmed a “hold” rating and set a $384.00 price target on shares of Coinbase Global in a research report on Wednesday, October 29th. Needham & Company LLC cut their price objective on shares of Coinbase Global from $400.00 to $290.00 and set a “buy” rating for the company in a report on Monday, December 29th. Erste Group Bank lowered shares of Coinbase Global from a “buy” rating to a “hold” rating in a research report on Thursday, November 20th. Finally, Rosenblatt Securities increased their price target on Coinbase Global from $450.00 to $470.00 in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $362.72.

Coinbase Global Stock Performance

COIN stock traded down $16.58 during mid-day trading on Wednesday, hitting $239.28. 11,965,319 shares of the company were exchanged, compared to its average volume of 8,955,647. Coinbase Global has a 1-year low of $142.58 and a 1-year high of $444.64. The stock has a market capitalization of $64.52 billion, a PE ratio of 20.70 and a beta of 3.70. The business has a 50 day simple moving average of $259.25 and a 200-day simple moving average of $312.87. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.37.

Coinbase Global (NASDAQ:COIN) last announced its earnings results on Thursday, October 30th. The cryptocurrency exchange reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.40. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.77 billion. Coinbase Global had a return on equity of 15.70% and a net margin of 41.99%.The firm’s quarterly revenue was up 55.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.28 earnings per share. On average, equities analysts forecast that Coinbase Global will post 7.22 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Paul Grewal sold 976 shares of the stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $260.00, for a total value of $253,760.00. Following the completion of the transaction, the insider owned 74,835 shares of the company’s stock, valued at approximately $19,457,100. This represents a 1.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frederick Ernest Ehrsam III sold 1,375 shares of Coinbase Global stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $250.03, for a total transaction of $343,791.25. The SEC filing for this sale provides additional information. Insiders have sold 808,412 shares of company stock valued at $237,645,711 in the last quarter. Corporate insiders own 16.56% of the company’s stock.

Institutional Trading of Coinbase Global

A number of hedge funds have recently added to or reduced their stakes in COIN. Evelyn Partners Investment Management Europe Ltd lifted its stake in shares of Coinbase Global by 92.3% in the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 75 shares of the cryptocurrency exchange’s stock valued at $29,000 after acquiring an additional 36 shares during the last quarter. REAP Financial Group LLC acquired a new position in Coinbase Global in the 3rd quarter worth about $25,000. Palisade Asset Management LLC acquired a new position in Coinbase Global in the 3rd quarter worth about $29,000. Cullen Frost Bankers Inc. bought a new position in Coinbase Global in the second quarter valued at about $30,000. Finally, Salomon & Ludwin LLC raised its position in Coinbase Global by 4,400.0% in the third quarter. Salomon & Ludwin LLC now owns 90 shares of the cryptocurrency exchange’s stock valued at $30,000 after purchasing an additional 88 shares during the last quarter. Institutional investors and hedge funds own 68.84% of the company’s stock.

Key Coinbase Global News

Here are the key news stories impacting Coinbase Global this week:

• Positive Sentiment: CEO’s Washington influence — major outlets note Armstrong’s intervention stopped a Senate committee vote, demonstrating Coinbase’s clout; investors may view the company as able to shape policy outcomes in its favor over time. Coinbase, the Biggest U.S. Crypto Company, Asserts Its Power in Washington
• Positive Sentiment: Business win — Sharps Technology selected Coinbase to launch a Solana validator, a modest product/partnership positive for product adoption and fees. Sharps Technology Taps Coinbase to Launch Solana Validator
• Neutral Sentiment: Senate bill markup paused — the Digital Asset Market Clarity Act markup was pulled after industry pushback; pause could lead to a better-drafted bill or prolonged regulatory uncertainty. Crypto Market Structure Bill Paused: Senate Banking Cancels Markup
• Negative Sentiment: Coinbase withdrew support for the Senate crypto bill — Armstrong said the draft is “materially worse than the status quo,” a move that spurred headlines and investor concern about an unclear regulatory path. Coinbase cannot support crypto bill in current form, CEO Armstrong says
• Negative Sentiment: Q4 crypto slump and fund outflows — ARK’s Q4 report flagged Coinbase as a top detractor after crypto weakness and lower centralized-exchange volumes, increasing downside pressure on COIN shares. Crypto slump hits ARK ETFs in Q4, Coinbase becomes top detractor
• Negative Sentiment: Valuation and profit forecast concerns — analysts warn COIN trades at a premium while consensus expects a material earnings decline in 2026; some firms issued cautious/pessimistic outlooks. COIN Loses 8.4% in a Year, Trades at a Premium: How to Play the Stock
• Negative Sentiment: Insider/holder selling reported — filings show a notable holder sold shares, a near-term technical negative for sentiment. Coinbase Global (NASDAQ:COIN) Stock Unloaded Rep. Gilbert Ray Cisneros, Jr.

Coinbase Global Company Profile

Coinbase Global, Inc is a U.S.-based company that operates one of the largest cryptocurrency exchange platforms. Founded in 2012 by Brian Armstrong and Fred Ehrsam and headquartered in San Francisco, Coinbase provides technology and infrastructure to buy, sell, store and use a broad range of digital assets. The company became a public company through a direct listing on the NASDAQ in April 2021 and offers services tailored to both retail and institutional customers.

Coinbase’s product portfolio includes its consumer trading platform, a self-custody mobile wallet, and institutional services such as custody, prime brokerage and execution tools.