Coinbase Global (NASDAQ:COIN) Price Target Cut to $350.00 by Analysts at HC Wainwright

Coinbase Global (NASDAQ:COIN) had its price target cut by stock analysts at HC Wainwright from $425.00 to $350.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the cryptocurrency exchange’s stock. HC Wainwright’s price objective would indicate a potential upside of 132.87% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $440.00 price target on shares of Coinbase Global in a research note on Tuesday, January 6th. Benchmark reissued a “buy” rating on shares of Coinbase Global in a research note on Friday, October 31st. Monness Crespi & Hardt raised Coinbase Global from a “neutral” rating to a “buy” rating and set a $375.00 target price on the stock in a research report on Monday, November 10th. Bank of America upgraded Coinbase Global from a “neutral” rating to a “buy” rating and set a $340.00 price target for the company in a report on Thursday, January 8th. Finally, Piper Sandler cut their price objective on shares of Coinbase Global from $350.00 to $270.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. Twenty equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $340.08.

Coinbase Global Price Performance

Shares of NASDAQ COIN traded down $12.21 during mid-day trading on Wednesday, hitting $150.30. 8,743,287 shares of the stock traded hands, compared to its average volume of 10,846,714. The company has a market cap of $40.53 billion, a PE ratio of 12.96 and a beta of 3.70. The firm has a 50 day simple moving average of $231.73 and a two-hundred day simple moving average of $288.26. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.40 and a quick ratio of 2.40. Coinbase Global has a twelve month low of $142.58 and a twelve month high of $444.64.

Insiders Place Their Bets

In other Coinbase Global news, CFO Alesia J. Haas sold 364,600 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $154.95, for a total value of $56,494,770.00. Following the completion of the transaction, the chief financial officer directly owned 402,165 shares of the company’s stock, valued at $62,315,466.75. This trade represents a 47.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Frederick Ernest Ehrsam III sold 1,375 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $250.27, for a total transaction of $344,121.25. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 672,498 shares of company stock worth $137,109,701 in the last three months. 16.56% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Coinbase Global

Institutional investors and hedge funds have recently modified their holdings of the company. Syon Capital LLC increased its position in shares of Coinbase Global by 842.7% during the 4th quarter. Syon Capital LLC now owns 6,533 shares of the cryptocurrency exchange’s stock valued at $1,477,000 after purchasing an additional 5,840 shares during the last quarter. Capital World Investors lifted its position in shares of Coinbase Global by 847.2% during the fourth quarter. Capital World Investors now owns 1,536,534 shares of the cryptocurrency exchange’s stock valued at $347,472,000 after buying an additional 1,374,318 shares during the last quarter. Capital International Investors lifted its holdings in shares of Coinbase Global by 0.5% during the 4th quarter. Capital International Investors now owns 180,137 shares of the cryptocurrency exchange’s stock valued at $40,736,000 after purchasing an additional 957 shares during the last quarter. Vestcor Inc raised its stake in Coinbase Global by 9.1% in the fourth quarter. Vestcor Inc now owns 4,109 shares of the cryptocurrency exchange’s stock valued at $929,000 after buying an additional 343 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its stake in Coinbase Global by 96.0% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 46,583 shares of the cryptocurrency exchange’s stock worth $10,534,000 after purchasing an additional 22,817 shares in the last quarter. 68.84% of the stock is currently owned by hedge funds and other institutional investors.

Coinbase Global News Roundup

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

• Positive Sentiment: Interactive Brokers added Coinbase Derivatives nano and perpetual futures to its platform — expands derivatives distribution and could support fee revenue growth. Interactive Brokers expansion
• Positive Sentiment: Long-term bullish pieces highlight Coinbase’s profitability and “everything exchange” strategy as cushions against market weakness — a reminder some investors still view COIN as a multi-year growth/profit compounder. Fool: Coinbase profitability
• Neutral Sentiment: Options market is pricing a sizable post-earnings move (~9.4%), raising near-term volatility risk for shareholders but not directional information. Options implied move
• Neutral Sentiment: Coinbase is shifting its Base app away from social rewards toward a trading-focused product; this reduces discretionary spend but narrows consumer ambitions. Base App pivot
• Neutral Sentiment: Marketing/brand items (e.g., the Super Bowl ad) boost awareness but are unlikely to move fundamentals ahead of earnings. Super Bowl ad
• Negative Sentiment: JPMorgan cut its COIN price target sharply (from $399 to $290) ahead of earnings — a high-profile downgrade that typically pressures the stock. JPMorgan price target cut
• Negative Sentiment: Cantor Fitzgerald and other shops trimmed targets and forecasts, reinforcing analyst-driven downside narratives around slowing fees and USDC/volume weakness. Cantor Fitzgerald target cut
• Negative Sentiment: CFO Alesia Haas sold 364,600 shares (disclosed filing) — a large insider sale that can spook investors even if not tied to company fundamentals. SEC Form 4 filing
• Negative Sentiment: Quant/systematic signals and headline commentators are bearish (Seeking Alpha’s quant flagged a “sell”; Jim Cramer said he wouldn’t touch COIN), adding momentum to selling ahead of results. Quant sell signal Cramer comment
• Negative Sentiment: Regulatory/political friction and competitor data (Hyperliquid outpacing Coinbase in areas) raise medium-term growth and market-share concerns. Regulatory friction Competition

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.