Coinbase Global (NASDAQ:COIN) had its price target cut by Rothschild & Co Redburn from $281.00 to $254.00 in a research note released on Thursday,MarketScreener reports. They currently have a buy rating on the cryptocurrency exchange’s stock.
Several other analysts have also recently commented on COIN. Oppenheimer lowered their price target on Coinbase Global from $381.00 to $370.00 and set an “outperform” rating for the company in a report on Monday, January 12th. Mizuho decreased their target price on shares of Coinbase Global from $280.00 to $170.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 17th. UBS Group set a $264.00 target price on shares of Coinbase Global in a report on Friday, February 13th. Jefferies Financial Group dropped their price target on shares of Coinbase Global from $268.00 to $151.00 and set a “hold” rating for the company in a research report on Friday, February 13th. Finally, Piper Sandler cut their price target on shares of Coinbase Global from $270.00 to $150.00 and set a “neutral” rating on the stock in a research note on Friday, February 13th. Nineteen research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Coinbase Global currently has an average rating of “Hold” and an average target price of $266.07.
Check Out Our Latest Analysis on COIN
Coinbase Global Price Performance
Coinbase Global (NASDAQ:COIN – Get Free Report) last released its earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.17). Coinbase Global had a net margin of 17.55% and a return on equity of 8.68%. The business had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the company posted $4.68 earnings per share. The business’s revenue for the quarter was down 21.6% compared to the same quarter last year. Equities research analysts expect that Coinbase Global will post 7.22 EPS for the current year.
Insider Transactions at Coinbase Global
In related news, CFO Alesia J. Haas sold 9,950 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $201.60, for a total value of $2,005,920.00. Following the transaction, the chief financial officer owned 387,221 shares in the company, valued at approximately $78,063,753.60. This trade represents a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Frederick Ernest Ehrsam III sold 1,375 shares of Coinbase Global stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $250.27, for a total transaction of $344,121.25. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 438,120 shares of company stock worth $73,878,750. 16.56% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Coinbase Global
A number of hedge funds have recently made changes to their positions in COIN. Norges Bank purchased a new stake in Coinbase Global during the 4th quarter worth $656,744,000. Vanguard Group Inc. increased its holdings in Coinbase Global by 8.3% in the 3rd quarter. Vanguard Group Inc. now owns 26,216,793 shares of the cryptocurrency exchange’s stock valued at $8,847,905,000 after purchasing an additional 2,007,930 shares in the last quarter. Capital World Investors raised its position in Coinbase Global by 847.2% in the fourth quarter. Capital World Investors now owns 1,536,534 shares of the cryptocurrency exchange’s stock valued at $347,472,000 after purchasing an additional 1,374,318 shares during the period. Ruffer LLP purchased a new position in Coinbase Global in the fourth quarter valued at about $166,515,000. Finally, Artisan Partners Limited Partnership acquired a new position in shares of Coinbase Global during the third quarter worth about $224,663,000. Hedge funds and other institutional investors own 68.84% of the company’s stock.
More Coinbase Global News
Here are the key news stories impacting Coinbase Global this week:
- Positive Sentiment: Coinbase received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) for a national trust company charter — a milestone that could broaden custody, payment and stablecoin offerings under federal supervision and make COIN more attractive to institutional clients. Coinbase gets conditional US approval for trust charter, Bloomberg News reports
- Positive Sentiment: Coinbase helped launch the x402 Foundation (hosted at the Linux Foundation) with Stripe, Cloudflare and major payments/tech firms to build an open web payment standard supporting fiat and crypto rails — could increase Coinbase’s payments addressable market and drive longer-term network effects. Coinbase-Initiated x402 Foundation Sets Out to Build a Universal Open Payment Standard for the Web
- Positive Sentiment: Coinbase’s chief legal officer says the Senate’s CLARITY Act is “very close” to a compromise on stablecoin rules — regulatory clarity would reduce policy risk and could unlock product expansion for exchanges and custody providers. Coinbase CLO says Senate CLARITY compromise is close, but no markup date set
- Neutral Sentiment: Rothschild & Co Redburn lowered its price target to $254 but maintained a buy rating, and Robert W. Baird trimmed its PT to $200 and kept a neutral rating — analysts are recalibrating upside while still recognizing long-term opportunity. Rothschild & Co Redburn adjusts Coinbase global price target
- Negative Sentiment: Bernstein cut its price target sharply from $440 to $330 (while keeping an Outperform rating), and Barclays also trimmed its target — large PT reductions reflect reduced optimism on near-term crypto-linked multiples and are pressuring sentiment. Bernstein Cuts PT on Coinbase Global (COIN), Reiterates “Outperform” Rating
- Negative Sentiment: Broader crypto weakness — including Bitcoin selling pressure — is hitting trading volumes and revenue leverage for exchanges like Coinbase, a direct headwind to near-term earnings and the stock multiple. Coinbase Stock Slides As Bitcoin Faces Selling Pressure
About Coinbase Global
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.
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