Coinbase Global (NASDAQ:COIN) Stock Rating Upgraded by Zacks Research

Coinbase Global (NASDAQ:COIN) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Wednesday, Zacks reports.

COIN has been the subject of a number of other reports. Piper Sandler reduced their price target on shares of Coinbase Global from $155.00 to $146.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. Oppenheimer lowered their price objective on shares of Coinbase Global from $209.00 to $193.00 and set an “outperform” rating on the stock in a research report on Friday, July 31st. Citigroup restated a “market outperform” rating on shares of Coinbase Global in a report on Friday, July 31st. Monness Crespi & Hardt reaffirmed a “sell” rating on shares of Coinbase Global in a research report on Friday, June 5th. Finally, Weiss Ratings lowered shares of Coinbase Global from a “hold (c-)” rating to a “sell (d)” rating in a research note on Friday, July 31st. Eighteen investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $218.74.

Coinbase Global Price Performance

NASDAQ COIN opened at $172.28 on Wednesday. Coinbase Global has a one year low of $139.11 and a one year high of $402.16. The stock has a 50-day moving average of $165.24 and a 200 day moving average of $175.91. The company has a market capitalization of $45.45 billion, a price-to-earnings ratio of -44.86 and a beta of 3.39. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.42 and a current ratio of 2.42.

Coinbase Global (NASDAQ:COIN) last issued its earnings results on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.92). The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Coinbase Global had a positive return on equity of 3.12% and a negative net margin of 15.72%.Coinbase Global’s quarterly revenue was down 18.5% compared to the same quarter last year. During the same period last year, the firm posted $5.14 EPS. On average, sell-side analysts forecast that Coinbase Global will post -0.39 EPS for the current year.

Insider Transactions at Coinbase Global

In related news, Director Frederick R. Wilson sold 35,068 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $144.32, for a total transaction of $5,061,013.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jennifer N. Jones sold 2,062 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $188.75, for a total transaction of $389,202.50. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 70,806 shares of company stock worth $11,307,687 in the last quarter. Company insiders own 16.66% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of COIN. North Dakota State Investment Board purchased a new stake in Coinbase Global during the 4th quarter valued at approximately $1,626,000. Mizuho Markets Cayman LP bought a new stake in shares of Coinbase Global during the fourth quarter valued at approximately $33,921,000. Harvest Portfolios Group Inc. lifted its holdings in shares of Coinbase Global by 21.7% in the fourth quarter. Harvest Portfolios Group Inc. now owns 376,578 shares of the cryptocurrency exchange’s stock worth $85,159,000 after buying an additional 67,082 shares in the last quarter. Readystate Asset Management LP purchased a new position in shares of Coinbase Global in the second quarter worth $2,587,000. Finally, Assenagon Asset Management S.A. boosted its position in shares of Coinbase Global by 366.7% during the second quarter. Assenagon Asset Management S.A. now owns 154,702 shares of the cryptocurrency exchange’s stock worth $22,616,000 after acquiring an additional 121,552 shares during the last quarter. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Coinbase Global News Summary

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

• Positive Sentiment: Coinbase partnered with payments infrastructure provider Moov to bring stablecoin acceptance, settlement and real-time funding to more than 1,000 U.S. community banks and credit unions. The initiative could expand Coinbase’s institutional reach and create additional transaction and custody revenue opportunities. Coinbase partners with Moov to boost community bank stablecoin capabilities before Clarity vote
• Positive Sentiment: CEO Brian Armstrong said stablecoin payment flows could become a major growth driver, projecting significant expansion in the stablecoin market by 2030. He also argued that Bitcoin’s current cycle may have bottomed and reiterated that a $400,000 Bitcoin price by 2030 is a reasonable long-term target. These comments support the company’s growth narrative, although they are forecasts rather than new financial results. Coinbase CEO Confident Stablecoin Payments Will Fuel Growth
• Positive Sentiment: Management continues to broaden Coinbase beyond spot crypto trading through its “Everything Exchange” strategy, tokenized assets, prediction-market infrastructure for Kalshi and expanded USDC yield products in Brazil. Greater product diversification could reduce reliance on transaction revenue over time.
• Neutral Sentiment: Morgan Stanley initiated coverage with an Equal Weight rating and a $250 price target, reflecting substantial potential upside from recent levels but caution that Coinbase remains closely tied to the volatile crypto cycle. Morgan Stanley rates Coinbase as Hold equivalent, with price target set at $250
• Neutral Sentiment: Armstrong said U.S. crypto regulation could advance through SEC and CFTC rulemaking even if the Senate’s September 15 vote on the CLARITY Act fails. The prospect of eventual clarity is favorable, but the vote remains a near-term uncertainty for investors.
• Negative Sentiment: Director Marc Andreessen sold 13,676 shares worth approximately $2.5 million under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by 1.19% and may weigh modestly on sentiment, despite being scheduled in advance. SEC insider transaction filing
• Negative Sentiment: Bitcoin’s recent decline and broader crypto-market weakness are immediate headwinds for Coinbase’s trading activity, revenue and earnings outlook. The company’s latest reported quarter also showed an earnings and revenue miss, underscoring ongoing operating sensitivity to market conditions.

About Coinbase Global

Coinbase Global, Inc operates a digital asset and cryptocurrency platform serving retail users, institutions, developers and ecosystem partners. Through its exchange, customers can buy, sell, convert, store and transfer a range of cryptocurrencies and other digital assets. The company also provides an advanced trading platform for more experienced users and services designed for institutional trading and market access.

Its product offerings include custodial services, institutional prime brokerage and custody, staking services, a self-custody wallet, and tools that enable developers and businesses to build applications using blockchain networks.