Coinbase Global (NASDAQ:COIN) Rating Lowered to “Strong Sell” at Zacks Research

Coinbase Global (NASDAQ:COIN) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other brokerages have also recently weighed in on COIN. Monness Crespi & Hardt cut shares of Coinbase Global from a “buy” rating to a “neutral” rating and set a $120.00 target price for the company. in a report on Thursday, February 12th. Oppenheimer decreased their target price on Coinbase Global from $381.00 to $370.00 and set an “outperform” rating on the stock in a report on Monday, January 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Coinbase Global in a report on Friday, January 9th. Rothschild & Co Redburn dropped their price target on Coinbase Global from $403.00 to $288.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, China Renaissance cut their price objective on Coinbase Global from $479.30 to $301.50 and set a “buy” rating on the stock in a report on Wednesday, January 14th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $282.82.

Coinbase Global Trading Down 1.2%

Shares of COIN stock opened at $164.05 on Tuesday. The stock has a 50-day simple moving average of $217.84 and a 200 day simple moving average of $280.18. The stock has a market capitalization of $44.24 billion, a P/E ratio of 37.37 and a beta of 3.70. Coinbase Global has a fifty-two week low of $139.36 and a fifty-two week high of $444.64. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.40.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.17). Coinbase Global had a return on equity of 8.68% and a net margin of 17.55%.The business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the firm posted $4.68 earnings per share. Coinbase Global’s revenue was down 21.6% compared to the same quarter last year. On average, sell-side analysts expect that Coinbase Global will post 7.22 earnings per share for the current fiscal year.

Insider Transactions at Coinbase Global

In related news, CFO Alesia J. Haas sold 364,600 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $154.95, for a total value of $56,494,770.00. Following the completion of the sale, the chief financial officer owned 402,165 shares of the company’s stock, valued at approximately $62,315,466.75. The trade was a 47.55% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Brian Armstrong sold 40,000 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $248.96, for a total value of $9,958,400.00. The disclosure for this sale is available in the SEC filing. Insiders sold 574,395 shares of company stock valued at $110,451,160 in the last three months. Corporate insiders own 16.56% of the company’s stock.

Institutional Investors Weigh In On Coinbase Global

Several institutional investors and hedge funds have recently modified their holdings of the business. Bessemer Group Inc. increased its stake in shares of Coinbase Global by 672.2% in the 2nd quarter. Bessemer Group Inc. now owns 1,166 shares of the cryptocurrency exchange’s stock valued at $408,000 after acquiring an additional 1,015 shares during the last quarter. SP Asset Management LLC acquired a new position in Coinbase Global during the second quarter valued at approximately $360,000. Vanguard Group Inc. increased its stake in Coinbase Global by 8.3% in the third quarter. Vanguard Group Inc. now owns 26,216,793 shares of the cryptocurrency exchange’s stock valued at $8,847,905,000 after purchasing an additional 2,007,930 shares in the last quarter. New York Life Investment Management LLC raised its holdings in Coinbase Global by 890.8% in the second quarter. New York Life Investment Management LLC now owns 31,479 shares of the cryptocurrency exchange’s stock worth $11,033,000 after purchasing an additional 28,302 shares during the period. Finally, Atria Investments Inc acquired a new stake in Coinbase Global in the second quarter worth $1,137,000. Institutional investors and hedge funds own 68.84% of the company’s stock.

Coinbase Global News Summary

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

• Positive Sentiment: Regulatory clarity hopes — optimism around the US “CLARITY Act” rose after comments from Senator Bernie Moreno and public appearances with CEO Brian Armstrong, improving the odds of clearer rules that could expand U.S. crypto market participation and revenue opportunities. US CLARITY Act to pass ‘hopefully by April’: Senator Bernie Moreno
• Positive Sentiment: New lending/collateral features — Coinbase expanded on‑chain loan collateral to include XRP, DOGE, ADA and LTC (up to $100k in USDC), and enabled ADA as collateral, which can boost non‑trading revenue and increase customer stickiness. These product moves support revenue diversification beyond trading fees. Coinbase Unlocks $100,000 Borrowing Power for XRP, DOGE, ADA, and LTC Holders
• Positive Sentiment: Base network independence — Base (Coinbase’s L2) is transitioning to its own architecture to speed upgrades and reduce external dependencies, a technical improvement that could strengthen the developer ecosystem and long‑term product moat. Coinbase’s Base transitions to its own architecture with eye on streamlining
• Neutral Sentiment: Management commentary — CEO Brian Armstrong expressed continued optimism on regulatory outcomes and downplayed long‑term crypto security risks (quantum computing), which may calm some investor concerns but are not immediate revenue drivers. Coinbase CEO Sees ‘Win-Win’ Outcome For Delayed Crypto Market Structure Bill
• Negative Sentiment: Earnings and guidance concerns — Coinbase reported Q4 results that missed expectations (adjusted EPS $0.66 vs. estimates ~ $0.83–$0.86; revenue down ~22% YoY), leaving valuation and near‑term growth under scrutiny. Coinbase Global, Inc. (COIN) Reports Q4 Adjusted EPS of 66 cents
• Negative Sentiment: Analyst downgrades and price‑target cuts — Multiple firms (Mizuho, Goldman Sachs, Rothschild/Redburn) trimmed targets or outlooks in recent days, increasing near‑term selling pressure and raising doubts about near‑term upside. Wall Street Unable To Understand Coinbase? Brian Armstrong Says Crypto Platform Is Also Underestimated
• Negative Sentiment: Sell ratings and signals — Zacks added COIN to its Strong Sell list, reflecting short‑term negative sentiment from some quantitative and analyst models. New Strong Sell Stocks for February 18th

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.