Coinbase Global (NASDAQ:COIN) Price Target Cut to $184.00 by Analysts at Cantor Fitzgerald

Coinbase Global (NASDAQ:COIN) had its price objective dropped by stock analysts at Cantor Fitzgerald from $250.00 to $184.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the cryptocurrency exchange’s stock. Cantor Fitzgerald’s price objective would suggest a potential upside of 25.80% from the company’s previous close.

Several other equities analysts have also weighed in on COIN. Wedbush set a $224.00 price objective on Coinbase Global in a research note on Friday, May 8th. Robert W. Baird set a $130.00 price target on shares of Coinbase Global in a report on Friday. Jefferies Financial Group lifted their price target 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. Benchmark decreased their price objective on shares of Coinbase Global from $270.00 to $230.00 and set a “buy” rating for the company in a research note on Friday. Finally, HC Wainwright reissued a “buy” rating and issued a $265.00 target price on shares of Coinbase Global in a research note on Friday. Eighteen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $219.11.

Coinbase Global Price Performance

Shares of NASDAQ COIN opened at $146.26 on Monday. The stock has a market capitalization of $38.53 billion, a PE ratio of -38.09, a P/E/G ratio of 10.62 and a beta of 3.35. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.45. The firm has a fifty day moving average of $163.23 and a 200-day moving average of $181.29. Coinbase Global has a 52-week low of $139.11 and a 52-week high of $402.16.

Coinbase Global (NASDAQ:COIN) last issued its earnings results on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) earnings per share for the quarter, missing the consensus estimate of ($0.44) by ($0.92). Coinbase Global had a positive return on equity of 3.12% and a negative net margin of 15.72%.The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the business posted $5.14 earnings per share. The company’s quarterly revenue was down 18.5% compared to the same quarter last year. On average, analysts anticipate that Coinbase Global will post 1.25 EPS for the current year.

Insider Activity

In other news, Director Frederick R. Wilson sold 10,000 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $159.09, for a total value of $1,590,900.00. Following the completion of the transaction, the director directly owned 20,000 shares in the company, valued at approximately $3,181,800. This represents a 33.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jennifer N. Jones sold 2,051 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $158.15, for a total transaction of $324,365.65. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 30,627 shares of company stock worth $5,327,841 over the last three months. Insiders own 16.66% of the company’s stock.

Hedge Funds Weigh In On Coinbase Global

Institutional investors have recently added to or reduced their stakes in the company. North Dakota State Investment Board acquired a new stake in Coinbase Global during the 4th quarter valued at approximately $1,626,000. Mizuho Markets Cayman LP acquired a new position in shares of Coinbase Global in the 4th quarter valued at approximately $33,921,000. Harvest Portfolios Group Inc. boosted its stake in shares of Coinbase Global by 21.7% during the 4th quarter. Harvest Portfolios Group Inc. now owns 376,578 shares of the cryptocurrency exchange’s stock valued at $85,159,000 after buying an additional 67,082 shares during the last quarter. QRG Capital Management Inc. boosted its stake in shares of Coinbase Global by 65.4% during the 1st quarter. QRG Capital Management Inc. now owns 24,102 shares of the cryptocurrency exchange’s stock valued at $4,208,000 after buying an additional 9,532 shares during the last quarter. Finally, Axxcess Wealth Management LLC grew its position in shares of Coinbase Global by 303.6% during the fourth quarter. Axxcess Wealth Management LLC now owns 20,316 shares of the cryptocurrency exchange’s stock worth $4,594,000 after buying an additional 15,282 shares in the last quarter. Institutional investors and hedge funds own 68.84% of the company’s stock.

More Coinbase Global News

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

• Positive Sentiment: Canaccord maintains its Buy rating. The reiterated bullish view provides some support for Coinbase, despite recent volatility and weaker quarterly results. Coinbase Global’s Buy Rating Reiterated at Canaccord Genuity Group
• Positive Sentiment: HC Wainwright retains a Buy rating and $265 price target. Its forecast for $4.37 in fiscal 2027 EPS suggests the firm expects earnings to recover as crypto activity improves and Coinbase expands beyond trading. HC Wainwright Coinbase estimates
• Neutral Sentiment: Regulatory and longer-term growth remain potential catalysts. CEO Brian Armstrong and other Coinbase executives continue to advocate for the CLARITY Act, which could establish clearer U.S. cryptocurrency rules. However, management says Coinbase can operate normally even if the bill does not pass this year, while the bill’s near-term prospects remain uncertain. Coinbase CEO advocates for the Clarity Act
• Negative Sentiment: Multiple analysts lowered their price targets. Needham cut its target to $177, Oppenheimer reduced its target to $193, and Benchmark lowered its target to $230. The cuts signal reduced expectations following Coinbase’s earnings miss, although the targets remain above the current share price. Needham cuts Coinbase price target
• Negative Sentiment: Coinbase’s quarterly results missed expectations. The exchange reported a $1.36 per-share loss versus the anticipated $0.44 loss, while revenue of $1.22 billion fell short of the $1.29 billion estimate and declined 18.5% year over year. The disappointing results renewed concerns about the impact of the crypto downturn on trading revenue. Coinbase quarterly report
• Negative Sentiment: Bitcoin demand indicators remain weak in the U.S. Bitcoin traded below $63,000 while the Coinbase Premium Index stayed negative for a record 77 consecutive days. The persistent discount suggests U.S. institutional buyers have been less aggressive—or have continued selling—potentially weighing on Coinbase’s transaction volumes and revenue. Bitcoin and Coinbase Premium Index

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.