Coinbase Global (NASDAQ:COIN) Price Target Cut to $120.00 by Analysts at Barclays

Coinbase Global (NASDAQ:COIN) had its price target reduced by Barclays from $149.00 to $120.00 in a research note published on Friday,Benzinga reports. They currently have an underweight rating on the cryptocurrency exchange’s stock.

Other equities analysts have also issued reports about the company. Bank of America reiterated a “buy” rating on shares of Coinbase Global in a research report on Monday, October 5th. Citizens Jmp dropped their target price on Coinbase Global from $325.00 to $280.00 and set a “market outperform” rating for the company in a research report on Friday, October 9th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $330.00 target price on shares of Coinbase Global in a research note on Friday, July 31st. William Blair reiterated an “outperform” rating on shares of Coinbase Global in a research report on Tuesday, September 22nd. Finally, Weiss Ratings upgraded shares of Coinbase Global from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Twenty 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. Based on data from MarketBeat, Coinbase Global presently has an average rating of “Hold” and an average target price of $216.57.

Coinbase Global Stock Down 10.6%

COIN opened at $143.54 on Friday. The stock has a market cap of $37.87 billion, a PE ratio of -50.72 and a beta of 3.41. 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 has a 52 week low of $136.89 and a 52 week high of $361.40. The business’s fifty day simple moving average is $179.74 and its 200 day simple moving average is $178.82.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings results on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.92). Coinbase Global had a negative net margin of 12.46% and a positive return on equity of 0.76%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the business earned $5.14 EPS. The company’s revenue for the quarter was down 18.5% on a year-over-year basis. As a group, research analysts expect that Coinbase Global will post -0.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Marc L. Andreessen sold 13,676 shares of the business’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $186.18, for a total value of $2,546,197.68. Following the completion of the sale, the director owned 1,115,810 shares of the company’s stock, valued at approximately $207,741,505.80. The trade was a 1.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jennifer N. Jones sold 2,062 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $188.75, for a total value of $389,202.50. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 127,188 shares of company stock valued at $23,029,558 over the last three months. 16.66% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Coinbase Global

A number of large investors have recently bought and sold shares of the stock. Rakuten Investment Management Inc. boosted its stake in shares of Coinbase Global by 9.7% during the third quarter. Rakuten Investment Management Inc. now owns 39,243 shares of the cryptocurrency exchange’s stock valued at $7,457,000 after purchasing an additional 3,469 shares during the period. TrinityBridge Ltd increased its stake in shares of Coinbase Global by 12.6% in the third quarter. TrinityBridge Ltd now owns 3,981 shares of the cryptocurrency exchange’s stock worth $742,000 after buying an additional 445 shares during the period. Integrity Alliance LLC. purchased a new position in shares of Coinbase Global in the third quarter worth $355,000. Gerber Kawasaki Wealth & Investment Management purchased a new position in shares of Coinbase Global in the third quarter worth $325,000. Finally, BOCHK Asset Management Ltd bought a new stake in Coinbase Global during the 3rd quarter valued at $7,440,000. 68.84% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about 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

About Coinbase Global

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.