Brokerages Set Coinbase Global, Inc. (NASDAQ:COIN) PT at $215.11

Coinbase Global, Inc. (NASDAQ:COIN) has earned an average recommendation of “Hold” from the thirty-two ratings firms that are currently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and eighteen have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $215.1103.

COIN has been the topic of a number of recent research reports. Mizuho set a $155.00 price target on shares of Coinbase Global in a research note on Friday, July 31st. Weiss Ratings downgraded shares of Coinbase Global from a “hold (c-)” rating to a “sell (d)” rating in a report on Friday, July 31st. Citigroup reiterated a “market outperform” rating on shares of Coinbase Global in a research report on Friday, July 31st. UBS Group set a $155.00 target price on shares of Coinbase Global in a research note on Friday, July 31st. Finally, Compass Point reissued a “sell” rating on shares of Coinbase Global in a research report on Monday, June 1st.

Coinbase Global Price Performance

Shares of COIN stock opened at $153.90 on Friday. The stock has a 50 day moving average of $158.27 and a two-hundred day moving average of $175.81. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.45. Coinbase Global has a 12 month low of $139.11 and a 12 month high of $402.16. The company has a market capitalization of $40.60 billion, a P/E ratio of -40.08 and a beta of 3.36.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings data on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.92). The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.29 billion. Coinbase Global had a negative net margin of 15.72% and a positive return on equity of 3.12%. The business’s revenue for the quarter was down 18.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.14 earnings per share. As a group, equities analysts expect that Coinbase Global will post -0.05 EPS for the current year.

Insider Buying and Selling

In other Coinbase Global news, insider Lawrence J. Brock sold 6,616 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $189.01, for a total value of $1,250,490.16. Following the sale, the insider directly owned 517 shares in the company, valued at $97,718.17. This represents a 92.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick R. Wilson sold 35,068 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $144.32, for a total value of $5,061,013.76. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 65,695 shares of company stock valued at $10,388,854. 16.66% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Coinbase Global

Several large investors have recently made changes to their positions in COIN. Integrated Wealth Concepts LLC boosted its position in Coinbase Global by 24.2% in the first quarter. Integrated Wealth Concepts LLC now owns 2,119 shares of the cryptocurrency exchange’s stock valued at $365,000 after buying an additional 413 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Coinbase Global by 25.8% during the first quarter. Empowered Funds LLC now owns 8,581 shares of the cryptocurrency exchange’s stock worth $1,478,000 after buying an additional 1,761 shares in the last quarter. Focus Partners Wealth raised its stake in shares of Coinbase Global by 9.9% in the first quarter. Focus Partners Wealth now owns 5,202 shares of the cryptocurrency exchange’s stock valued at $896,000 after acquiring an additional 467 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of Coinbase Global in the second quarter valued at approximately $285,000. Finally, Cerity Partners LLC boosted its holdings in shares of Coinbase Global by 8.6% in the 2nd quarter. Cerity Partners LLC now owns 17,694 shares of the cryptocurrency exchange’s stock worth $6,203,000 after acquiring an additional 1,402 shares in the last quarter. Institutional investors own 68.84% of the company’s stock.

Coinbase Global News Roundup

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

• Positive Sentiment: Coinbase established a tokenization hub in Abu Dhabi after receiving Financial Services Permission from the local regulator. The initiative could help the company build institutional infrastructure for tokenized securities and expand its presence in the Middle East. Coinbase establishes its tokenization hub in Abu Dhabi
• Positive Sentiment: Coinbase is broadening beyond spot crypto trading through derivatives, institutional products and tokenization. Its planned launch of more than 170 derivatives contracts for eligible U.K. professionals, including crypto, commodities, equities and foreign exchange products, could diversify revenue and increase trading activity. Are Derivatives and Tokenization Coinbase’s Next Growth Engine?
• Positive Sentiment: CEO Brian Armstrong continues to promote stablecoins, decentralized finance and tokenized stocks as tools for expanding global financial access. The strategy supports the long-term bull case for Coinbase if crypto adoption and on-chain financial activity accelerate. Coinbase CEO Brian Armstrong Makes a Strong Case for Global Crypto Adoption
• Neutral Sentiment: Deribit’s upgraded high-speed trading engine, following Coinbase’s acquisition of the derivatives platform, may improve execution and support institutional derivatives growth, although the direct financial benefit is not yet clear. Coinbase Stock Climbs on Deribit’s High-Speed Trading Engine Launch
• Negative Sentiment: New York City is investigating Coinbase and other prediction-market platforms over alleged deceptive advertising and possible targeting of young adults and minors. Baltimore has separately sued Kalshi and Polymarket, naming Coinbase as a partner, which increases compliance and reputational risks. NYC Council announces probe into prediction-market marketing practices
• Negative Sentiment: A Connecticut federal judge ruled that Kalshi’s sports contracts were not swaps, and Coinbase Financial Markets lost a related motion. The decision could complicate Coinbase’s efforts to offer event-based contracts in some states. Connecticut Judge Says Kalshi Sports Contracts Were Never Swaps
• Negative Sentiment: Coinbase says AI-generated bug-bounty submissions are sharply increasing review costs, although only a small portion represent valid paid vulnerabilities. This adds operational noise but appears less significant than the company’s legal challenges. Coinbase Says Bug Reports Could Triple as AI Adds Security Noise

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.