Coinbase Global (NASDAQ:COIN) Given New $221.00 Price Target at Keefe, Bruyette & Woods

Coinbase Global (NASDAQ:COIN) had its price objective cut by equities researchers at Keefe, Bruyette & Woods from $237.00 to $221.00 in a report issued on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the cryptocurrency exchange’s stock. Keefe, Bruyette & Woods‘s price target points to a potential upside of 60.34% from the company’s current price.

Other analysts have also issued research reports about the company. Zacks Research raised Coinbase Global from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 9th. Rosenblatt Securities reissued a “buy” rating and set a $200.00 price target on shares of Coinbase Global in a research note on Thursday, October 29th. Needham & Company LLC lowered their price objective on shares of Coinbase Global from $205.00 to $197.00 and set a “buy” rating for the company in a report on Friday. Oppenheimer lowered their price objective on shares of Coinbase Global from $209.00 to $193.00 and set an “outperform” rating for the company in a report on Friday, July 31st. Finally, Wolfe Research set a $325.00 price objective on shares of Coinbase Global in a research note on Thursday, July 9th. Twenty investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $210.97.

Coinbase Global Stock Performance

Shares of NASDAQ COIN opened at $137.83 on Tuesday. The stock has a market cap of $36.36 billion, a price-to-earnings ratio of -48.70 and a beta of 3.41. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.45. Coinbase Global has a 1-year low of $135.46 and a 1-year high of $342.80. The stock’s 50-day moving average is $178.77 and its 200 day moving average is $178.24.

Insider Buying and Selling

In other Coinbase Global news, CAO Jennifer N. Jones sold 2,062 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $188.75, for a total value of $389,202.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Marc L. Andreessen sold 6,838 shares of the business’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $198.00, for a total value of $1,353,924.00. Following the completion of the sale, the director owned 1,108,972 shares of the company’s stock, valued at $219,576,456. The trade was a 0.61% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 92,120 shares of company stock valued at $17,968,544. 16.66% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Wealthcare Advisory Partners LLC raised its holdings in Coinbase Global by 2.1% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 3,381 shares of the cryptocurrency exchange’s stock valued at $494,000 after buying an additional 69 shares during the last quarter. Aspen Grove Capital LLC grew its holdings in Coinbase Global by 2.1% in the 1st quarter. Aspen Grove Capital LLC now owns 3,439 shares of the cryptocurrency exchange’s stock worth $600,000 after acquiring an additional 71 shares during the last quarter. Sage Rhino Capital LLC increased its position in shares of Coinbase Global by 0.4% in the first quarter. Sage Rhino Capital LLC now owns 17,059 shares of the cryptocurrency exchange’s stock valued at $2,979,000 after acquiring an additional 74 shares during the period. Physician Wealth Advisors Inc. increased its position in shares of Coinbase Global by 53.7% in the third quarter. Physician Wealth Advisors Inc. now owns 229 shares of the cryptocurrency exchange’s stock valued at $43,000 after acquiring an additional 80 shares during the period. Finally, Yousif Capital Management LLC increased its position in shares of Coinbase Global by 0.4% in the third quarter. Yousif Capital Management LLC now owns 20,892 shares of the cryptocurrency exchange’s stock valued at $3,894,000 after acquiring an additional 80 shares during the period. Institutional investors own 68.84% of the company’s stock.

Coinbase Global News Roundup

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

• Positive Sentiment: ARK Invest bought approximately $3.56 million of Coinbase shares after the post-earnings decline. The purchase may provide some support and signals that Cathie Wood views the selloff as a buying opportunity. Cathie Wood Buys $3.6M of Coinbase Stock
• Positive Sentiment: New Jersey rescinded a 2023 cease-and-desist order, allowing Coinbase users in the state to resume staking. The development could expand Coinbase’s staking activity and improve the regulatory outlook, although the order was withdrawn without a ruling on its merits. Coinbase New Jersey Staking Update
• Positive Sentiment: Coinbase’s third-quarter adjusted earnings of $2.51 per share topped consensus, while prediction markets, derivatives and other newer products helped offset weaker spot trading. Analysts at HC Wainwright and several other firms continue to maintain Buy or equivalent ratings.
• Neutral Sentiment: A $6.3 billion Binance hack could encourage users and institutions to favor Coinbase, but the broader security incident has increased caution across crypto markets. Coinbase also adjusted its cold-storage procedures as a precaution.
• Neutral Sentiment: CEO Brian Armstrong identified quantum computing as a major long-term threat to crypto security. The comments are not an immediate financial issue but highlight a structural risk for the industry. Coinbase CEO on Quantum Computing
• Negative Sentiment: Morgan Stanley downgraded Coinbase to Underweight and slashed its price target from $258 to $120, citing softer revenue trends, reduced trading activity, crypto-market uncertainty and a slower earnings recovery. Morgan Stanley Cuts Coinbase Target
• Negative Sentiment: HC Wainwright reduced nearly every 2027 quarterly EPS estimate and cut its FY2027 forecast to $2.81 from $4.37, though it raised its FY2026 estimate to a loss of $0.33 per share from a loss of $0.74. The revisions reinforce concerns about near-term profitability.
• Negative Sentiment: Third-quarter revenue fell about 35% year over year to roughly $1.22 billion, and spot trading volume declined sequentially. Persistent margin pressure and dependence on volatile crypto activity are weighing on the stock despite the earnings beat.

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.