B. Riley Forecasts Strong Price Appreciation for Coinbase Global (NASDAQ:COIN) Stock

Coinbase Global (NASDAQ:COIN) had its price objective upped by stock analysts at B. Riley from $185.00 to $243.00 in a research report issued to clients and investors on Monday,MarketScreener reports. The firm currently has a “neutral” rating on the cryptocurrency exchange’s stock. B. Riley’s target price points to a potential downside of 26.46% from the company’s previous close. B. Riley also issued estimates for Coinbase Global’s Q4 2025 earnings at $1.22 EPS.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. reduced their target price on Coinbase Global from $404.00 to $399.00 and set an “overweight” rating on the stock in a research report on Friday. Compass Point lowered their target price on shares of Coinbase Global from $277.00 to $266.00 in a research note on Friday. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $400.00 price target on shares of Coinbase Global in a report on Friday, August 1st. Bank of America dropped their price objective on shares of Coinbase Global from $369.00 to $340.00 in a report on Wednesday, October 1st. Finally, Monness Crespi & Hardt lowered Coinbase Global from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $393.98.

Coinbase Global Price Performance

Shares of COIN stock opened at $330.42 on Monday. The company has a market cap of $84.90 billion, a P/E ratio of 28.58 and a beta of 3.67. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.40 and a quick ratio of 2.40. The stock’s 50-day moving average is $333.92 and its 200 day moving average is $308.52. Coinbase Global has a 1-year low of $142.58 and a 1-year high of $444.64.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings results on Thursday, October 30th. The cryptocurrency exchange reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.40. Coinbase Global had a net margin of 41.99% and a return on equity of 15.70%. The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same period last year, the business earned $0.28 EPS. The company’s revenue was up 55.1% compared to the same quarter last year. Research analysts predict that Coinbase Global will post 7.22 earnings per share for the current fiscal year.

Insider Transactions at Coinbase Global

In other Coinbase Global news, CEO Brian Armstrong sold 25,000 shares of Coinbase Global stock in a transaction on Monday, October 13th. The shares were sold at an average price of $361.32, for a total value of $9,033,000.00. Following the completion of the transaction, the chief executive officer owned 526 shares of the company’s stock, valued at approximately $190,054.32. The trade was a 97.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Alesia J. Haas sold 4,400 shares of the business’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $344.41, for a total transaction of $1,515,404.00. Following the completion of the sale, the chief financial officer directly owned 84,820 shares of the company’s stock, valued at approximately $29,212,856.20. The trade was a 4.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 180,657 shares of company stock worth $59,552,326 over the last quarter. 23.43% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Coinbase Global by 25.5% during the 2nd quarter. Vanguard Group Inc. now owns 24,208,863 shares of the cryptocurrency exchange’s stock worth $8,484,964,000 after buying an additional 4,914,407 shares in the last quarter. Norges Bank purchased a new position in shares of Coinbase Global in the second quarter valued at approximately $1,044,354,000. Geode Capital Management LLC boosted its stake in shares of Coinbase Global by 46.1% in the second quarter. Geode Capital Management LLC now owns 5,559,513 shares of the cryptocurrency exchange’s stock worth $1,940,805,000 after acquiring an additional 1,755,146 shares during the last quarter. Groupama Asset Managment increased its position in shares of Coinbase Global by 100.0% during the first quarter. Groupama Asset Managment now owns 3,000,000 shares of the cryptocurrency exchange’s stock worth $516,690,000 after purchasing an additional 1,500,000 shares in the last quarter. Finally, Baillie Gifford & Co. acquired a new position in Coinbase Global in the 3rd quarter valued at $198,249,000. Institutional investors and hedge funds own 68.84% of the company’s stock.

Coinbase Global Company Profile

Coinbase Global, Inc provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions.