Coinbase Global (NASDAQ:COIN) Receives Buy Rating from Benchmark

Coinbase Global (NASDAQ:COIN)‘s stock had its “buy” rating restated by stock analysts at Benchmark in a research note issued on Wednesday, Marketbeat Ratings reports. They presently have a $270.00 price target on the cryptocurrency exchange’s stock. Benchmark’s price target indicates a potential upside of 59.09% from the company’s current price.

COIN has been the subject of several other reports. China Renaissance cut their target price on Coinbase Global from $301.50 to $223.20 and set a “buy” rating for the company in a research note on Monday, February 23rd. Rothschild & Co Redburn lifted their price target on Coinbase Global from $254.00 to $263.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Deutsche Bank Aktiengesellschaft lowered their price target on Coinbase Global from $206.00 to $205.00 and set a “buy” rating for the company in a report on Friday, May 8th. B. Riley Financial dropped their price objective on Coinbase Global from $243.00 to $203.00 and set a “neutral” rating for the company in a research report on Monday, June 1st. Finally, Jefferies Financial Group raised their target price on shares of Coinbase Global from $151.00 to $181.00 and gave the company a “hold” rating in a research report on Thursday, April 9th. Eighteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $250.55.

Coinbase Global Price Performance

COIN stock traded up $0.45 during mid-day trading on Wednesday, hitting $169.72. The stock had a trading volume of 750,111 shares, compared to its average volume of 11,054,192. The firm has a fifty day simple moving average of $184.95 and a 200 day simple moving average of $202.67. The firm has a market capitalization of $44.71 billion, a P/E ratio of 63.72, a P/E/G ratio of 5.40 and a beta of 3.32. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.44. Coinbase Global has a 52 week low of $139.36 and a 52 week high of $444.64.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings results on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($1.55). The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.49 billion. Coinbase Global had a return on equity of 4.16% and a net margin of 12.20%.The business’s revenue was down 30.5% on a year-over-year basis. During the same period last year, the company posted $0.24 EPS. As a group, research analysts forecast that Coinbase Global will post 1.93 EPS for the current year.

Insider Activity

In related news, CFO Alesia J. Haas sold 10,020 shares of the business’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $200.00, for a total transaction of $2,004,000.00. Following the transaction, the chief financial officer owned 377,201 shares in the company, valued at $75,440,200. The trade was a 2.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul Grewal sold 1,960 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $176.88, for a total transaction of $346,684.80. Following the transaction, the insider directly owned 84,753 shares in the company, valued at approximately $14,991,110.64. This represents a 2.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 30,647 shares of company stock worth $5,740,941. Company insiders own 16.66% of the company’s stock.

Hedge Funds Weigh In On Coinbase Global

Several institutional investors have recently made changes to their positions in the stock. West Family Investments Inc. increased its position in Coinbase Global by 3.3% in the 3rd quarter. West Family Investments Inc. now owns 1,029 shares of the cryptocurrency exchange’s stock valued at $347,000 after buying an additional 33 shares in the last quarter. GW&K Investment Management LLC boosted its holdings in Coinbase Global by 32.2% in the third quarter. GW&K Investment Management LLC now owns 152 shares of the cryptocurrency exchange’s stock worth $51,000 after acquiring an additional 37 shares in the last quarter. Bridgewater Advisors Inc. boosted its holdings in Coinbase Global by 1.2% in the third quarter. Bridgewater Advisors Inc. now owns 3,307 shares of the cryptocurrency exchange’s stock worth $1,116,000 after acquiring an additional 38 shares in the last quarter. Formidable Asset Management LLC grew its stake in Coinbase Global by 2.2% in the fourth quarter. Formidable Asset Management LLC now owns 2,074 shares of the cryptocurrency exchange’s stock valued at $469,000 after acquiring an additional 44 shares during the period. Finally, L2 Asset Management LLC grew its stake in Coinbase Global by 5.0% in the third quarter. L2 Asset Management LLC now owns 965 shares of the cryptocurrency exchange’s stock valued at $326,000 after acquiring an additional 46 shares during the period. Institutional investors and hedge funds own 68.84% of the company’s stock.

Key Stories Impacting Coinbase Global

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

• Positive Sentiment: Rosenblatt Securities reaffirmed a Buy rating and set a $240 price target, implying meaningful upside from current levels. Rosenblatt Securities Reaffirms Buy on Coinbase Global
• Positive Sentiment: BTIG Research also reaffirmed a Buy rating and raised its target to $280, while Needham reiterated Buy with a $220 target, signaling continued Wall Street confidence in Coinbase’s growth story. BTIG Reaffirms Buy on Coinbase Global
• Positive Sentiment: Coinbase launched an AI-powered investment advisor and broader AI trading tools, which could deepen user engagement and help the company expand beyond basic exchange services into a higher-value platform. Coinbase is launching AI tools that give investment advice and make trades on your behalf
• Positive Sentiment: The company expanded into tokenized stocks, stock/ETF transfers, and other traditional-finance products, reinforcing the “everything exchange” strategy and broadening its addressable market. Coinbase lets users transfer stock portfolios as exchange expands beyond crypto
• Neutral Sentiment: Coverage around Coinbase’s CEO discussing tokenized equities, AI, and market structure reforms keeps the stock in focus, but these items are more about narrative and visibility than immediate fundamentals. Analyst Reaffirms Buy on Coinbase
• Negative Sentiment: Some commentary still highlights Coinbase’s dependence on crypto-market sentiment and Bitcoin volatility, which can keep the stock highly reactive if digital-asset prices weaken. Coinbase jumps as bitcoin rebound lifts crypto-linked stocks

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.