Coinbase Global (NASDAQ:COIN) Stock Keeps Outperform Rating at Keefe, Bruyette & Woods

Coinbase Global (NASDAQ:COIN)‘s stock had its “outperform” rating reiterated by Keefe, Bruyette & Woods in a report issued on Monday, Benzinga reports. They currently have a $237.00 price objective on the cryptocurrency exchange’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 22.15% from the stock’s previous close.

COIN has been the topic of several other research reports. Zacks Research raised Coinbase Global from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 9th. B. Riley Financial dropped their target price on shares of Coinbase Global from $243.00 to $203.00 and set a “neutral” rating on the stock in a report on Monday, June 1st. Piper Sandler cut their price target on Coinbase Global from $155.00 to $146.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Benchmark decreased their target price on Coinbase Global from $270.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Finally, Mizuho set a $155.00 price objective on shares of Coinbase Global in a research note on Friday, July 31st. Twenty investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $222.94.

Coinbase Global Price Performance

COIN stock traded down $1.08 during mid-day trading on Monday, hitting $194.03. The stock had a trading volume of 4,406,918 shares, compared to its average volume of 10,279,740. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $51.19 billion, a P/E ratio of -50.65 and a beta of 3.39. The firm has a fifty day simple moving average of $170.99 and a 200 day simple moving average of $176.08. Coinbase Global has a 52 week low of $139.11 and a 52 week high of $402.16.

Coinbase Global (NASDAQ:COIN) last announced its quarterly earnings data on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) EPS for the quarter, missing the consensus estimate of ($0.44) by ($0.92). Coinbase Global had a negative net margin of 15.72% and a positive return on equity of 3.12%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the firm earned $5.14 earnings per share. The firm’s revenue for the quarter was down 18.5% on a year-over-year basis. As a group, research analysts forecast that Coinbase Global will post -0.48 EPS for the current year.

Insider Transactions at Coinbase Global

In other Coinbase Global news, CFO Alesia Haas sold 39,030 shares of the business’s stock in a transaction on Monday, September 21st. The stock was sold at an average price of $205.24, for a total value of $8,010,517.20. Following the sale, the chief financial officer directly owned 345,376 shares in the company, valued at $70,884,970.24. The trade was a 10.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick Wilson sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $178.93, for a total value of $1,789,300.00. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 116,674 shares of company stock valued at $20,720,336. Corporate insiders own 16.66% of the company’s stock.

Institutional Investors Weigh In On Coinbase Global

Hedge funds and other institutional investors have recently modified their holdings of the stock. Readystate Asset Management LP purchased a new stake in Coinbase Global during the second quarter valued at about $2,587,000. Sequoia Financial Advisors LLC grew its position in shares of Coinbase Global by 185.5% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 25,507 shares of the cryptocurrency exchange’s stock worth $3,729,000 after buying an additional 16,572 shares during the last quarter. First Citizens Bank & Trust Co. increased its position in Coinbase Global by 37.4% during the 1st quarter. First Citizens Bank & Trust Co. now owns 40,467 shares of the cryptocurrency exchange’s stock valued at $7,066,000 after purchasing an additional 11,020 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Coinbase Global by 366.7% during the second quarter. Assenagon Asset Management S.A. now owns 154,702 shares of the cryptocurrency exchange’s stock valued at $22,616,000 after buying an additional 121,552 shares during the period. Finally, QRG Capital Management Inc. raised its position in shares of Coinbase Global by 65.4% in the 1st quarter. QRG Capital Management Inc. now owns 24,102 shares of the cryptocurrency exchange’s stock worth $4,208,000 after acquiring an additional 9,532 shares in the last quarter. 68.84% of the stock is currently owned by institutional investors.

Coinbase Global News Roundup

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

• Positive Sentiment: Citigroup partnership expands stablecoin opportunity. Citi will use Coinbase’s digital-asset rails to support institutional stablecoin payments, conversions and cross-border transactions. Coinbase will also use Citi’s virtual-account technology to enable bank-account-like fiat-to-stablecoin transfers, while Citi’s Spring platform will allow merchants to accept stablecoins without directly holding digital assets. The partnership could generate additional transaction, custody and infrastructure revenue for Coinbase as adoption grows. Citi and Coinbase Expand Collaboration to Connect Digital and Fiat Payments for Corporations and Consumers
• Positive Sentiment: Baird raised its Coinbase price target to $205 from $130. The firm maintained a neutral rating, so the increase reflects improved valuation potential rather than a full bullish endorsement. Other coverage linked the target increase to Coinbase’s Citi partnership. Coinbase Global Stock Price Expected to Rise, Robert W. Baird Analyst Says
• Positive Sentiment: Coinbase continues expanding beyond spot-crypto trading. Recent reports highlight its U.S. retail access to IPO allocations and a potential path into tokenized U.S. equities under the SEC’s temporary Innovation Exemption framework. These initiatives could broaden trading volumes and revenue sources, though monetization is still unproven. Coinbase Gets a Path to Tokenized Stocks in the US
• Neutral Sentiment: Riot Platforms repaid its $200 million Coinbase credit facility. The repayment releases bitcoin, USDC and cash collateral held through Coinbase, reducing Coinbase’s outstanding lending exposure but also eliminating future interest income from the facility. Riot Platforms Repays $200M Credit Facility
• Negative Sentiment: Bearish commentary highlights ongoing risks. Recent analysis argues that Coinbase’s bull case is weakening and that the investment thesis remains highly dependent on the crypto cycle. Those concerns are reinforced by the latest quarterly loss, earnings miss and year-over-year revenue decline.

Coinbase Global Company Profile

Coinbase Global, Inc operates a digital asset and cryptocurrency platform serving retail users, institutions, developers and ecosystem partners. Through its exchange, customers can buy, sell, convert, store and transfer a range of cryptocurrencies and other digital assets. The company also provides an advanced trading platform for more experienced users and services designed for institutional trading and market access.

Its product offerings include custodial services, institutional prime brokerage and custody, staking services, a self-custody wallet, and tools that enable developers and businesses to build applications using blockchain networks.