Coinbase Global (NASDAQ:COIN) Price Target Cut to $145.00 by Analysts at Mizuho

Coinbase Global (NASDAQ:COIN) had its price target cut by Mizuho from $155.00 to $145.00 in a report issued on Friday morning,Benzinga reports. They currently have a neutral rating on the cryptocurrency exchange’s stock.

Several other brokerages have also recently commented on COIN. Oppenheimer reduced their target price on Coinbase Global from $209.00 to $193.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. Keefe, Bruyette & Woods began coverage on shares of Coinbase Global in a research report on Monday, September 28th. They set an “outperform” rating and a $237.00 price objective for the company. Benchmark lowered their price objective on Coinbase Global from $270.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, July 31st. The Goldman Sachs Group reissued a “buy” rating and issued a $244.00 price target on shares of Coinbase Global in a research note on Wednesday, October 7th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $330.00 price objective on shares of Coinbase Global in a research note on Friday, July 31st. Twenty analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $216.57.

Coinbase Global Trading Down 10.6%

COIN opened at $143.54 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.42 and a quick ratio of 2.42. Coinbase Global has a fifty-two week low of $136.89 and a fifty-two week high of $361.40. The company’s 50 day moving average price is $179.74 and its two-hundred day moving average price is $178.82. The firm has a market capitalization of $37.87 billion, a price-to-earnings ratio of -50.72 and a beta of 3.41.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings results on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.92). The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.29 billion. Coinbase Global had a positive return on equity of 0.76% and a negative net margin of 12.46%. Coinbase Global’s revenue for the quarter was down 18.5% on a year-over-year basis. During the same quarter last year, the firm posted $5.14 EPS. As a group, research analysts predict that Coinbase Global will post -0.47 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Frederick Wilson sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $178.93, for a total value of $1,789,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Marc Andreessen sold 6,838 shares of the business’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $198.00, for a total transaction of $1,353,924.00. Following the transaction, the director owned 1,108,972 shares in the company, valued at approximately $219,576,456. This trade represents a 0.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 127,188 shares of company stock valued at $23,029,558. 16.66% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Coinbase Global

A number of hedge funds and other institutional investors have recently made changes to their positions in COIN. Bank of New York Mellon Corp bought a new position in Coinbase Global during the second quarter valued at $142,995,000. Southpoint Capital Advisors LP purchased a new position in Coinbase Global in the 1st quarter valued at approximately $104,766,000. National Pension Service boosted its holdings in shares of Coinbase Global by 117.1% in the second quarter. National Pension Service now owns 641,518 shares of the cryptocurrency exchange’s stock worth $93,784,000 after acquiring an additional 346,045 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Coinbase Global by 103.2% in the third quarter. Assenagon Asset Management S.A. now owns 314,338 shares of the cryptocurrency exchange’s stock valued at $58,889,000 after purchasing an additional 159,636 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in shares of Coinbase Global by 1.8% during the 1st quarter. California State Teachers Retirement System now owns 324,386 shares of the cryptocurrency exchange’s stock valued at $56,641,000 after purchasing an additional 5,758 shares during the period. 68.84% of the stock is owned by hedge funds and other institutional investors.

More Coinbase Global News

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

• Positive Sentiment: Coinbase reported third-quarter net income of approximately $719 million, or $2.51 diluted EPS, exceeding expectations and ending a three-quarter losing streak. Lower operating expenses and gains on the company’s crypto holdings were major contributors. Coinbase net income surges 66% in third quarter
• Positive Sentiment: Coinbase is diversifying beyond spot crypto trading: subscription and services revenue represented about 49% of net revenue, while prediction markets surpassed a $200 million annualized revenue run rate. Management is also targeting stablecoins, tokenized assets and AI-agent payments. Coinbase Q3 earnings call highlights
• Positive Sentiment: The Binance breach could create an opportunity for Coinbase to attract customers seeking a regulated exchange and stronger custody safeguards. Several analysts retained bullish ratings, including HC Wainwright, BTIG and Cantor Fitzgerald. Binance hack could benefit Coinbase
• Neutral Sentiment: Goldman Sachs maintained a Buy rating but reduced its price target to $210, while Needham lowered its target to $197. These targets imply substantial upside but reflect increased near-term uncertainty.
• Neutral Sentiment: Coinbase said customer funds remained safe after an analytics-vendor incident involving contact information for a small subset of customers. The exchange also applied for authorization to continue operating under Brazil’s new crypto rules. Coinbase customer funds statement
• Negative Sentiment: Total revenue fell about 35% year over year to $1.22 billion, while transaction revenue declined sharply as crypto spot-trading volume weakened. Early fourth-quarter transaction revenue also suggested that trading conditions had not materially improved. Weak trading revenue pressures Coinbase
• Negative Sentiment: Investors questioned the quality of the profit because roughly $715 million came from crypto investment gains, leaving adjusted net income near $78 million. Barclays cut its rating to Underweight and lowered its price target to $120; Wells Fargo also reduced its target to $174.
• Negative Sentiment: The Binance hack triggered a broad crypto-equity selloff and raised concerns about stablecoin concentration and control risk, as Circle froze approximately $800 million in USDC and Coinbase reportedly holds nearly 30% of outstanding USDC. Insider sales have also added pressure, with no reported open-market purchases in the past six months. Coinbase USDC concentration

Coinbase Global Company Profile

Coinbase Global, Inc operates a digital-asset financial infrastructure and technology platform. Through its Coinbase platform, the company enables individuals and institutions to buy, sell, store, transfer and use cryptocurrencies and other digital assets. Its services are designed to support both retail customers and institutional participants in the digital-asset economy.

The company offers cryptocurrency trading, custody and staking services, as well as subscription products and institutional solutions.