Coinbase Global’s (COIN) Buy Rating Reaffirmed at HC Wainwright

HC Wainwright reissued their buy rating on shares of Coinbase Global (NASDAQ:COIN) in a research report report published on Friday, MarketBeat reports. They currently have a $240.00 price target on the cryptocurrency exchange’s stock.

A number of other brokerages have also commented on COIN. UBS Group set a $155.00 price objective on Coinbase Global in a research report on Friday, July 31st. Citizens Jmp lowered their target price on shares of Coinbase Global from $325.00 to $280.00 and set a “market outperform” rating for the company in a report on Friday, October 9th. Argus reissued a “hold” rating on shares of Coinbase Global in a research note on Wednesday, August 26th. Wells Fargo & Company started coverage on Coinbase Global in a research report on Friday, October 2nd. They set an “equal weight” rating and a $200.00 target price for the company. Finally, Mizuho set a $155.00 target price on shares of Coinbase Global in a research note on Friday, July 31st. Twenty research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $216.57.

Coinbase Global Price Performance

Shares of COIN stock opened at $143.54 on Friday. The stock’s fifty day moving average is $179.74 and its 200-day moving average is $178.82. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.42 and a current ratio of 2.42. The stock has a market capitalization of $37.87 billion, a PE ratio of -50.72 and a beta of 3.41. Coinbase Global has a 52 week low of $136.89 and a 52 week high of $361.40.

Coinbase Global (NASDAQ:COIN) last issued its quarterly 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). The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.29 billion. Coinbase Global had a positive return on equity of 0.76% and a negative net margin of 12.46%. The firm’s quarterly revenue was down 18.5% on a year-over-year basis. During the same quarter last year, the company earned $5.14 EPS. Equities research analysts expect that Coinbase Global will post -0.47 EPS for the current fiscal year.

Insider Buying and Selling at Coinbase Global

In other news, CFO Alesia J. Haas sold 39,030 shares of the stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $205.24, for a total value of $8,010,517.20. Following the completion of the sale, the chief financial officer owned 345,376 shares of the company’s stock, valued at approximately $70,884,970.24. This represents a 10.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jennifer N. Jones sold 2,062 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $188.75, for a total transaction of $389,202.50. 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. Insiders have sold 127,188 shares of company stock valued at $23,029,558 over the last ninety days. 16.66% of the stock is currently owned by company insiders.

Institutional Trading of Coinbase Global

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp bought a new stake in Coinbase Global in the 2nd quarter valued at $142,995,000. Southpoint Capital Advisors LP bought a new position in shares of Coinbase Global during the first quarter worth approximately $104,766,000. National Pension Service boosted its stake in Coinbase Global by 117.1% in the 2nd quarter. National Pension Service now owns 641,518 shares of the cryptocurrency exchange’s stock valued at $93,784,000 after purchasing an additional 346,045 shares during the period. Partners Wealth Management LLC bought a new position in Coinbase Global during the 3rd quarter worth $42,554,000. Finally, Assenagon Asset Management S.A. increased its position in Coinbase Global by 103.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 314,338 shares of the cryptocurrency exchange’s stock worth $58,889,000 after buying an additional 159,636 shares during the period. 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: Coinbase reported third-quarter net income of approximately $719 million, or $2.51 diluted EPS, exceeding expectations and ending a three-quarter losing streak. Lower operating expenses and gains on the company’s crypto holdings were major contributors. Coinbase net income surges 66% in third quarter
• Positive Sentiment: Coinbase is diversifying beyond spot crypto trading: subscription and services revenue represented about 49% of net revenue, while prediction markets surpassed a $200 million annualized revenue run rate. Management is also targeting stablecoins, tokenized assets and AI-agent payments. Coinbase Q3 earnings call highlights
• Positive Sentiment: The Binance breach could create an opportunity for Coinbase to attract customers seeking a regulated exchange and stronger custody safeguards. Several analysts retained bullish ratings, including HC Wainwright, BTIG and Cantor Fitzgerald. Binance hack could benefit Coinbase
• Neutral Sentiment: Goldman Sachs maintained a Buy rating but reduced its price target to $210, while Needham lowered its target to $197. These targets imply substantial upside but reflect increased near-term uncertainty.
• Neutral Sentiment: Coinbase said customer funds remained safe after an analytics-vendor incident involving contact information for a small subset of customers. The exchange also applied for authorization to continue operating under Brazil’s new crypto rules. Coinbase customer funds statement
• Negative Sentiment: Total revenue fell about 35% year over year to $1.22 billion, while transaction revenue declined sharply as crypto spot-trading volume weakened. Early fourth-quarter transaction revenue also suggested that trading conditions had not materially improved. Weak trading revenue pressures Coinbase
• Negative Sentiment: Investors questioned the quality of the profit because roughly $715 million came from crypto investment gains, leaving adjusted net income near $78 million. Barclays cut its rating to Underweight and lowered its price target to $120; Wells Fargo also reduced its target to $174.
• Negative Sentiment: The Binance hack triggered a broad crypto-equity selloff and raised concerns about stablecoin concentration and control risk, as Circle froze approximately $800 million in USDC and Coinbase reportedly holds nearly 30% of outstanding USDC. Insider sales have also added pressure, with no reported open-market purchases in the past six months. Coinbase USDC concentration

Coinbase Global Company Profile

Coinbase Global, Inc operates a digital-asset financial infrastructure and technology platform. Through its Coinbase platform, the company enables individuals and institutions to buy, sell, store, transfer and use cryptocurrencies and other digital assets. Its services are designed to support both retail customers and institutional participants in the digital-asset economy.

The company offers cryptocurrency trading, custody and staking services, as well as subscription products and institutional solutions.