Brokers Issue Forecasts for Coinbase Global FY2025 Earnings

Coinbase Global, Inc. (NASDAQ:COIN) – Equities researchers at B. Riley issued their FY2025 earnings per share estimates for Coinbase Global in a note issued to investors on Monday, November 3rd. B. Riley analyst H. Goetsch anticipates that the cryptocurrency exchange will earn $4.71 per share for the year. B. Riley currently has a “Neutral” rating and a $243.00 target price on the stock. The consensus estimate for Coinbase Global’s current full-year earnings is $7.22 per share.

Several other equities research analysts have also recently issued reports on COIN. Oppenheimer restated an “outperform” rating and set a $417.00 price objective on shares of Coinbase Global in a report on Thursday, July 31st. Piper Sandler reiterated a “neutral” rating and set a $350.00 target price on shares of Coinbase Global in a research report on Thursday, July 31st. Canaccord Genuity Group restated a “buy” rating and issued a $400.00 price target on shares of Coinbase Global in a report on Friday, August 1st. Jefferies Financial Group reiterated a “hold” rating and set a $384.00 price objective on shares of Coinbase Global in a report on Wednesday, October 29th. Finally, Monness Crespi & Hardt cut shares of Coinbase Global from a “buy” rating to a “neutral” rating in a research report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $393.98.

Coinbase Global Stock Performance

Shares of COIN opened at $307.32 on Wednesday. The company has a market capitalization of $78.96 billion, a price-to-earnings ratio of 26.58 and a beta of 3.67. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.40 and a current ratio of 2.40. Coinbase Global has a 1 year low of $142.58 and a 1 year high of $444.64. The company’s 50 day simple moving average is $333.90 and its 200 day simple moving average is $309.45.

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

Institutional Trading of Coinbase Global

Large investors have recently bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Coinbase Global by 177.3% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 23,766 shares of the cryptocurrency exchange’s stock valued at $8,021,000 after purchasing an additional 15,196 shares during the period. SBI Securities Co. Ltd. lifted its holdings in Coinbase Global by 5.3% in the 3rd quarter. SBI Securities Co. Ltd. now owns 26,865 shares of the cryptocurrency exchange’s stock worth $9,067,000 after buying an additional 1,361 shares in the last quarter. Savant Capital LLC boosted its position in Coinbase Global by 16.1% in the 3rd quarter. Savant Capital LLC now owns 2,628 shares of the cryptocurrency exchange’s stock valued at $887,000 after buying an additional 364 shares during the last quarter. J.W. Cole Advisors Inc. grew its stake in shares of Coinbase Global by 1.3% during the third quarter. J.W. Cole Advisors Inc. now owns 4,281 shares of the cryptocurrency exchange’s stock valued at $1,445,000 after acquiring an additional 54 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Coinbase Global by 4.4% during the third quarter. Envestnet Asset Management Inc. now owns 63,375 shares of the cryptocurrency exchange’s stock worth $21,388,000 after acquiring an additional 2,683 shares during the last quarter. Institutional investors and hedge funds own 68.84% of the company’s stock.

Insider Buying and Selling at Coinbase Global

In related news, insider Paul Grewal sold 15,439 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $310.80, for a total value of $4,798,441.20. Following the completion of the sale, the insider directly owned 82,328 shares in the company, valued at approximately $25,587,542.40. This represents a 15.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Alesia J. Haas sold 4,675 shares of the firm’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $322.24, for a total value of $1,506,472.00. Following the completion of the transaction, the chief financial officer directly owned 89,220 shares in the company, valued at $28,750,252.80. This trade represents a 4.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 180,657 shares of company stock valued at $59,552,326. 23.43% of the stock is currently owned by corporate insiders.

About Coinbase Global

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.