Coinbase Global (NASDAQ:COIN) Stock Price Up 2.5% – Still a Buy?

Coinbase Global, Inc. (NASDAQ:COIN) was up 2.5% during trading on Friday . The stock traded as high as $247.00 and last traded at $245.12. Approximately 10,421,648 shares changed hands during trading, a decline of 3% from the average daily volume of 10,788,033 shares. The stock had previously closed at $239.20.

Key Coinbase Global News

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

• Positive Sentiment: Launched a Custom Stablecoins service to help businesses mint collateral-backed, Coinbase-custodied stablecoins — a B2B product that can generate recurring custody and issuance fees and deepen enterprise relationships. Coinbase Launches Stablecoin-as-a-Service to Help Businesses Create Their Own Tokens
• Positive Sentiment: Partnered with Klarna to enable USDC funding options — a distribution and use-case win for USDC that strengthens Coinbase’s payments and consumer-rail ambitions. Klarna Partners with Coinbase to Introduce USDC Funding Options
• Positive Sentiment: Big product expansion: Coinbase unveiled stock trading, Kalshi-powered prediction markets, tokenization plans and derivatives in its “System Update” — a strategic shift to become an “everything exchange” that could diversify revenue and increase user engagement. Coinbase pushes into stock trading, event contracts as retail battle heats up
• Neutral Sentiment: Base App launched globally across 140+ countries, expanding Coinbase’s consumer footprint but with monetization and compliance work still to play out. Base App Goes Live Across 140+ Countries as Coinbase Pushes Social Trading Toward the Mainstream
• Neutral Sentiment: Technical ecosystem updates (TRON integrating with Base / TRX bridging) increase network utility for Base but are longer-term ecosystem positives. TRON Integrates with Base, Enabling TRX Access on Coinbase
• Negative Sentiment: Legal risk: Coinbase has sued Michigan, Illinois and Connecticut over state regulation of prediction markets — the dispute may protect the new business line if Coinbase wins, but it creates regulatory uncertainty and near-term headline risk. Coinbase (COIN) Stock: Exchange Sues Michigan, Illinois, Connecticut Over Prediction Market Rules
• Negative Sentiment: Insider selling (CFO disclosed sales) and a shareholder notice from Halper Sadeh LLC are weighing on sentiment and could pressure the stock near-term. Coinbase Global (NASDAQ:COIN) Stock Price Down 3.5% After Insider Selling
• Negative Sentiment: An analyst recently cut price targets, reflecting disagreement on valuation versus the company’s new strategy — a reminder that investors will be scrutinizing execution and margin impact. Coinbase: Analyst Slashes Price Target, Says Investors ‘Miss The Big Picture’

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on COIN shares. Barclays reduced their target price on shares of Coinbase Global from $357.00 to $291.00 and set an “equal weight” rating for the company in a research note on Friday, December 12th. JPMorgan Chase & Co. lowered their target price on shares of Coinbase Global from $404.00 to $399.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Wall Street Zen lowered Coinbase Global from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Redburn Partners set a $417.00 target price on Coinbase Global in a research note on Friday, October 3rd. Finally, B. Riley upped their price target on Coinbase Global from $185.00 to $243.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $383.54.

Coinbase Global Stock Performance

The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.40 and a current ratio of 2.40. The stock has a market cap of $66.09 billion, a PE ratio of 21.20 and a beta of 3.69. The company’s 50-day moving average price is $295.99 and its two-hundred day moving average price is $318.05.

Coinbase Global (NASDAQ:COIN) last released its earnings results on Thursday, October 30th. The cryptocurrency exchange reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.40. Coinbase Global had a return on equity of 15.70% and a net margin of 41.99%.The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the prior year, the firm earned $0.28 earnings per share. The firm’s revenue was up 55.1% on a year-over-year basis. On average, equities research analysts forecast that Coinbase Global, Inc. will post 7.22 EPS for the current year.

Insider Buying and Selling

In other Coinbase Global news, insider Lawrence J. Brock sold 5,902 shares of Coinbase Global stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $250.58, for a total transaction of $1,478,923.16. Following the transaction, the insider directly owned 497 shares of the company’s stock, valued at approximately $124,538.26. This trade represents a 92.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Brian Armstrong sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $273.86, for a total transaction of $10,954,400.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 791,804 shares of company stock worth $240,485,568 over the last ninety days. Corporate insiders own 16.56% of the company’s stock.

Institutional Trading of Coinbase Global

Several hedge funds have recently added to or reduced their stakes in COIN. Aberdeen Group plc lifted its stake in shares of Coinbase Global by 2.3% in the 1st quarter. Aberdeen Group plc now owns 29,825 shares of the cryptocurrency exchange’s stock valued at $5,137,000 after acquiring an additional 670 shares during the last quarter. Brooklyn Investment Group lifted its position in Coinbase Global by 7.1% in the first quarter. Brooklyn Investment Group now owns 720 shares of the cryptocurrency exchange’s stock valued at $124,000 after purchasing an additional 48 shares during the last quarter. Northern Trust Corp lifted its position in Coinbase Global by 0.6% in the first quarter. Northern Trust Corp now owns 1,302,433 shares of the cryptocurrency exchange’s stock valued at $224,318,000 after purchasing an additional 7,675 shares during the last quarter. Korea Investment CORP boosted its stake in shares of Coinbase Global by 7.5% during the first quarter. Korea Investment CORP now owns 116,425 shares of the cryptocurrency exchange’s stock valued at $20,052,000 after purchasing an additional 8,075 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Coinbase Global by 3.9% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,468 shares of the cryptocurrency exchange’s stock worth $1,631,000 after buying an additional 354 shares during the last quarter. 68.84% of the stock is owned by institutional investors.

Coinbase Global Company Profile

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.