Coinbase Global (NASDAQ:COIN) Now Covered by Analysts at Keefe, Bruyette & Woods

Investment analysts at Keefe, Bruyette & Woods began coverage on shares of Coinbase Global (NASDAQ:COIN) in a report released on Monday, MarketBeat Ratings reports. The firm set an “outperform” rating and a $237.00 price target on the cryptocurrency exchange’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 22.27% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $208.00 target price on shares of Coinbase Global in a report on Wednesday, June 17th. Cantor Fitzgerald restated an “overweight” rating and set a $212.00 target price on shares of Coinbase Global in a report on Monday, August 31st. Barclays cut their price objective on Coinbase Global from $99.00 to $95.00 and set an “underweight” rating on the stock in a research report on Friday, July 31st. The Goldman Sachs Group lifted their target price on shares of Coinbase Global from $196.00 to $219.00 and gave the stock a “buy” rating in a report on Wednesday, September 9th. Finally, Weiss Ratings downgraded Coinbase Global from a “hold (c-)” rating to a “sell (d)” rating in a research note on Friday, July 31st. Twenty research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Coinbase Global presently has an average rating of “Hold” and an average target price of $222.94.

Coinbase Global Stock Performance

COIN traded down $1.27 during trading on Monday, reaching $193.84. 4,680,145 shares of the company’s stock were exchanged, compared to its average volume of 10,281,153. The business has a 50 day moving average price of $170.99 and a 200 day moving average price of $176.08. Coinbase Global has a fifty-two week low of $139.11 and a fifty-two week high of $402.16. The company has a market capitalization of $51.14 billion, a P/E ratio of -50.55 and a beta of 3.39. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.45.

Coinbase Global (NASDAQ:COIN) last issued its earnings results on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.44) by ($0.92). Coinbase Global had a negative net margin of 15.72% and a positive return on equity of 3.12%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the business posted $5.14 earnings per share. The company’s revenue for the quarter was down 18.5% on a year-over-year basis. As a group, analysts predict that Coinbase Global will post -0.48 earnings per share for the current fiscal year.

Insider Activity

In other Coinbase Global news, Director Frederick Wilson sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $178.93, for a total transaction of $1,789,300.00. The transaction was disclosed in a 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 Marc Andreessen sold 6,838 shares of the business’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of $205.05, for a total transaction of $1,402,131.90. Following the completion of the sale, the director owned 1,129,486 shares in the company, valued at $231,601,104.30. This represents a 0.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 116,674 shares of company stock valued at $20,720,336. 16.66% of the stock is owned by company insiders.

Hedge Funds Weigh In On Coinbase Global

Several hedge funds have recently modified their holdings of COIN. Readystate Asset Management LP purchased a new stake in shares of Coinbase Global in the 2nd quarter worth $2,587,000. Sequoia Financial Advisors LLC increased its position in shares of Coinbase Global by 185.5% during the second quarter. Sequoia Financial Advisors LLC now owns 25,507 shares of the cryptocurrency exchange’s stock worth $3,729,000 after purchasing an additional 16,572 shares in the last quarter. First Citizens Bank & Trust Co. grew its holdings in shares of Coinbase Global by 37.4% during the first quarter. First Citizens Bank & Trust Co. now owns 40,467 shares of the cryptocurrency exchange’s stock worth $7,066,000 after buying an additional 11,020 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Coinbase Global by 366.7% during the second quarter. Assenagon Asset Management S.A. now owns 154,702 shares of the cryptocurrency exchange’s stock worth $22,616,000 after acquiring an additional 121,552 shares during the last quarter. Finally, QRG Capital Management Inc. increased its position in Coinbase Global by 65.4% during the 1st quarter. QRG Capital Management Inc. now owns 24,102 shares of the cryptocurrency exchange’s stock worth $4,208,000 after purchasing an additional 9,532 shares in the last quarter. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Key Headlines Impacting Coinbase Global

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

• Positive Sentiment: Citigroup partnership expands stablecoin opportunity. Citi will use Coinbase’s digital-asset rails to support institutional stablecoin payments, conversions and cross-border transactions. Coinbase will also use Citi’s virtual-account technology to enable bank-account-like fiat-to-stablecoin transfers, while Citi’s Spring platform will allow merchants to accept stablecoins without directly holding digital assets. The partnership could generate additional transaction, custody and infrastructure revenue for Coinbase as adoption grows. Citi and Coinbase Expand Collaboration to Connect Digital and Fiat Payments for Corporations and Consumers
• Positive Sentiment: Baird raised its Coinbase price target to $205 from $130. The firm maintained a neutral rating, so the increase reflects improved valuation potential rather than a full bullish endorsement. Other coverage linked the target increase to Coinbase’s Citi partnership. Coinbase Global Stock Price Expected to Rise, Robert W. Baird Analyst Says
• Positive Sentiment: Coinbase continues expanding beyond spot-crypto trading. Recent reports highlight its U.S. retail access to IPO allocations and a potential path into tokenized U.S. equities under the SEC’s temporary Innovation Exemption framework. These initiatives could broaden trading volumes and revenue sources, though monetization is still unproven. Coinbase Gets a Path to Tokenized Stocks in the US
• Neutral Sentiment: Riot Platforms repaid its $200 million Coinbase credit facility. The repayment releases bitcoin, USDC and cash collateral held through Coinbase, reducing Coinbase’s outstanding lending exposure but also eliminating future interest income from the facility. Riot Platforms Repays $200M Credit Facility
• Negative Sentiment: Bearish commentary highlights ongoing risks. Recent analysis argues that Coinbase’s bull case is weakening and that the investment thesis remains highly dependent on the crypto cycle. Those concerns are reinforced by the latest quarterly loss, earnings miss and year-over-year revenue decline.

About Coinbase Global

Coinbase Global, Inc operates a digital asset and cryptocurrency platform serving retail users, institutions, developers and ecosystem partners. Through its exchange, customers can buy, sell, convert, store and transfer a range of cryptocurrencies and other digital assets. The company also provides an advanced trading platform for more experienced users and services designed for institutional trading and market access.

Its product offerings include custodial services, institutional prime brokerage and custody, staking services, a self-custody wallet, and tools that enable developers and businesses to build applications using blockchain networks.