JPMorgan Chase & Co. Cuts Coinbase Global (NASDAQ:COIN) Price Target to $290.00

Coinbase Global (NASDAQ:COIN) had its price target reduced by JPMorgan Chase & Co. from $399.00 to $290.00 in a research report released on Tuesday, MarketBeat Ratings reports. They currently have an overweight rating on the cryptocurrency exchange’s stock.

COIN has been the subject of a number of other research reports. Rothschild & Co Redburn dropped their target price on shares of Coinbase Global from $404.00 to $403.00 and set a “buy” rating for the company in a report on Friday, January 16th. Raymond James Financial reiterated a “market perform” rating on shares of Coinbase Global in a report on Thursday, January 8th. UBS Group set a $340.00 price target on Coinbase Global in a research report on Wednesday, December 17th. Benchmark reaffirmed a “buy” rating on shares of Coinbase Global in a report on Friday, October 31st. Finally, Jefferies Financial Group lowered their price objective on Coinbase Global from $367.00 to $268.00 and set a “hold” rating on the stock in a research note on Monday, January 12th. Nineteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $331.58.

Coinbase Global Price Performance

Shares of Coinbase Global stock opened at $141.09 on Tuesday. The stock has a market capitalization of $38.04 billion, a P/E ratio of 12.21 and a beta of 3.70. The business has a 50 day simple moving average of $226.59 and a two-hundred day simple moving average of $286.30. Coinbase Global has a 12 month low of $139.36 and a 12 month high of $444.64. 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 (NASDAQ:COIN) last issued its quarterly 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 return on equity of 15.70% and a net margin of 41.99%.The firm had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the firm posted $4.68 earnings per share. The firm’s revenue for the quarter was down 21.6% compared to the same quarter last year. As a group, analysts predict that Coinbase Global will post 7.22 EPS for the current fiscal year.

Insider Buying and Selling at Coinbase Global

In related news, Director Frederick Ernest Ehrsam III sold 1,375 shares of the business’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $250.27, for a total value of $344,121.25. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Alesia J. Haas sold 364,600 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $154.95, for a total transaction of $56,494,770.00. Following the completion of the transaction, the chief financial officer directly owned 402,165 shares in the company, valued at $62,315,466.75. The trade was a 47.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 672,498 shares of company stock worth $137,109,701 over the last quarter. 16.56% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Coinbase Global

A number of institutional investors and hedge funds have recently made changes to their positions in COIN. Vanguard Group Inc. boosted its position in shares of Coinbase Global by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 26,400,836 shares of the cryptocurrency exchange’s stock worth $5,970,285,000 after buying an additional 184,043 shares during the period. Geode Capital Management LLC lifted its stake in Coinbase Global by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 6,098,062 shares of the cryptocurrency exchange’s stock worth $1,374,080,000 after acquiring an additional 189,080 shares in the last quarter. Norges Bank purchased a new position in Coinbase Global during the 2nd quarter valued at about $1,044,354,000. ARK Investment Management LLC grew its position in Coinbase Global by 6.1% in the 4th quarter. ARK Investment Management LLC now owns 2,541,928 shares of the cryptocurrency exchange’s stock valued at $574,832,000 after acquiring an additional 146,388 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Coinbase Global by 5.9% during the third quarter. Northern Trust Corp now owns 1,959,871 shares of the cryptocurrency exchange’s stock worth $661,437,000 after purchasing an additional 108,751 shares during the period. 68.84% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Coinbase Global

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

• Positive Sentiment: Company says 2025 trading volume and crypto trading‑volume market share doubled — evidence of stronger user activity that could support rebound in fee revenue if crypto prices stabilize. BusinessWire: Coinbase doubles trading volume & market share
• Positive Sentiment: New product rollout — Coinbase launched “Agentic Wallets” for AI agents, signaling product innovation and potential new revenue streams over time. Cointelegraph: Coinbase unveils AI agent wallets
• Neutral Sentiment: Options market was pricing for a large post‑earnings swing (~9%); that implies high volatility and makes after‑hours moves potentially outsized relative to fundamentals. TipRanks: Options market implied swing
• Negative Sentiment: Q4 earnings missed expectations: EPS reported $0.66 vs. consensus ~ $0.83–$0.92; company posted a $667M net loss and revenue fell ~21.5% Y/Y to $1.78B — primary driver of the selloff. Cointelegraph: Coinbase reports $667M loss
• Negative Sentiment: Platform disruption: a service outage temporarily prevented some users from buying, selling or transferring crypto — raises operational concerns and likely worsened short‑term trading activity. Blockonomi: Coinbase outage halts trades
• Negative Sentiment: Analyst pressure and price‑target cuts (JPMorgan cut PT to $290, others trimmed forecasts) and at least one downgrade ahead of earnings increased selling pressure. Yahoo Finance: JPMorgan cuts PT
• Negative Sentiment: Insider selling: large sales by executives (CFO and reports of CEO sell) are being highlighted by the market and can weigh on sentiment. SEC filing: Alesia Haas Form 4
• Negative Sentiment: Macro/regulatory and competitive headwinds — ongoing crypto price weakness, regulatory scrutiny and competitive pressure are reducing fee revenue visibility. WSJ: Q4 loss amid crypto meltdown

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.