Coinbase Global (NASDAQ:COIN) Price Target Lowered to $160.00 at Robert W. Baird

Coinbase Global (NASDAQ:COIN) had its price objective cut by Robert W. Baird from $200.00 to $160.00 in a report published on Friday morning,MarketScreener reports.

Several other brokerages have also weighed in on COIN. Mizuho lowered their price objective on Coinbase Global from $280.00 to $170.00 and set a “neutral” rating for the company in a report on Tuesday, February 17th. Monness Crespi & Hardt lowered Coinbase Global from a “hold” rating to a “sell” rating in a report on Monday, February 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Coinbase Global in a report on Friday, January 9th. Citizens Jmp lowered their price objective on Coinbase Global from $400.00 to $355.00 and set a “market outperform” rating for the company in a report on Friday, April 10th. Finally, Compass Point lowered their price objective on Coinbase Global from $190.00 to $140.00 and set a “sell” rating for the company in a report on Friday, February 20th. Nineteen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $250.04.

Coinbase Global Trading Up 4.2%

NASDAQ:COIN opened at $201.16 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.34 and a current ratio of 2.34. Coinbase Global has a one year low of $139.36 and a one year high of $444.64. The business’s 50-day simple moving average is $189.05 and its 200 day simple moving average is $226.92. The stock has a market cap of $53.12 billion, a price-to-earnings ratio of 75.62, a price-to-earnings-growth ratio of 4.35 and a beta of 3.38.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings results on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) EPS for the quarter, missing the consensus estimate of $0.06 by ($1.55). Coinbase Global had a return on equity of 4.10% and a net margin of 12.20%.The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the firm posted $0.24 EPS. The company’s revenue was down 30.5% compared to the same quarter last year. As a group, sell-side analysts predict that Coinbase Global will post 2.78 earnings per share for the current fiscal year.

Insider Activity at Coinbase Global

In other news, CFO Alesia J. Haas sold 10,020 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $200.00, for a total transaction of $2,004,000.00. Following the completion of the transaction, the chief financial officer directly owned 397,171 shares of the company’s stock, valued at approximately $79,434,200. This represents a 2.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 29,990 shares of company stock worth $6,013,920 over the last three months. 16.66% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Coinbase Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. REAP Financial Group LLC bought a new position in Coinbase Global in the 3rd quarter worth approximately $25,000. MV Capital Management Inc. bought a new position in Coinbase Global in the 4th quarter worth approximately $27,000. Palisade Asset Management LLC bought a new position in Coinbase Global in the 3rd quarter worth approximately $29,000. Osbon Capital Management LLC bought a new position in Coinbase Global in the 4th quarter worth approximately $30,000. Finally, Archer Investment Corp grew its holdings in Coinbase Global by 546.4% in the 1st quarter. Archer Investment Corp now owns 181 shares of the cryptocurrency exchange’s stock worth $32,000 after buying an additional 153 shares in the last quarter. 68.84% of the stock is owned by institutional investors.

Trending Headlines about Coinbase Global

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

• Positive Sentiment: Coinbase is expanding beyond spot crypto with new products, including gold and silver perpetual futures, prediction markets, and AI-agent payment infrastructure, which supports its “everything exchange” strategy.
• Positive Sentiment: The company and AWS/Stripe announced AI-agent payment capabilities using USDC, reinforcing Coinbase’s role in stablecoin and blockchain infrastructure growth.
• Positive Sentiment: Some analysts remain constructive, saying Coinbase could benefit from the CLARITY Act and revenue diversification even after trimming price targets. Article Title
• Neutral Sentiment: Coinbase reported record market share and strong derivatives traction, suggesting its platform is still gaining relevance even as overall trading volumes slow.
• Neutral Sentiment: Coinbase resumed trading after a roughly seven-hour AWS-related outage, but the incident highlighted operational risk rather than a permanent business issue.
• Negative Sentiment: Several Wall Street firms cut price targets after the earnings miss, reflecting lower near-term expectations for trading revenue and profits.
• Negative Sentiment: The AWS outage disrupted Coinbase’s trading services and may have added to investor frustration around platform reliability.
• Negative Sentiment: Coinbase also announced layoffs and an AI-driven restructuring, underscoring cost pressure and a tougher demand backdrop for its core business.

About Coinbase Global

Coinbase Global, Inc is a U.S.-based company that operates one of the largest cryptocurrency exchange platforms. Founded in 2012 by Brian Armstrong and Fred Ehrsam and headquartered in San Francisco, Coinbase provides technology and infrastructure to buy, sell, store and use a broad range of digital assets. The company became a public company through a direct listing on the NASDAQ in April 2021 and offers services tailored to both retail and institutional customers.

Coinbase’s product portfolio includes its consumer trading platform, a self-custody mobile wallet, and institutional services such as custody, prime brokerage and execution tools.