Nuveen Churchill Direct Lending (NYSE:NCDL) & Coinbase Global (NASDAQ:COIN) Financial Review

Coinbase Global (NASDAQ:COIN) and Nuveen Churchill Direct Lending (NYSE:NCDL) are both finance companies, but which is the better investment? We will compare the two companies based on the strength of their analyst recommendations, risk, dividends, valuation, earnings, institutional ownership and profitability.

Risk & Volatility

Coinbase Global has a beta of 3.35, meaning that its share price is 235% more volatile than the S&P 500. Comparatively, Nuveen Churchill Direct Lending has a beta of 0.55, meaning that its share price is 45% less volatile than the S&P 500.

Analyst Ratings

This is a summary of recent ratings for Coinbase Global and Nuveen Churchill Direct Lending, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Coinbase Global	4	12	20	0	2.44
Nuveen Churchill Direct Lending	1	2	2	0	2.20

Coinbase Global currently has a consensus price target of $210.97, indicating a potential upside of 54.20%. Nuveen Churchill Direct Lending has a consensus price target of $13.25, indicating a potential upside of 10.99%. Given Coinbase Global’s stronger consensus rating and higher possible upside, analysts clearly believe Coinbase Global is more favorable than Nuveen Churchill Direct Lending.

Institutional and Insider Ownership

68.8% of Coinbase Global shares are owned by institutional investors. 16.7% of Coinbase Global shares are owned by insiders. Comparatively, 0.7% of Nuveen Churchill Direct Lending shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

Earnings and Valuation

This table compares Coinbase Global and Nuveen Churchill Direct Lending”s revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Coinbase Global	$5.63 billion	6.41	$1.26 billion	($2.83)	-48.35
Nuveen Churchill Direct Lending	$207.86 million	2.82	$65.61 million	$0.89	13.41

Coinbase Global has higher revenue and earnings than Nuveen Churchill Direct Lending. Coinbase Global is trading at a lower price-to-earnings ratio than Nuveen Churchill Direct Lending, indicating that it is currently the more affordable of the two stocks.

Profitability

This table compares Coinbase Global and Nuveen Churchill Direct Lending’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Coinbase Global	-12.46%	0.76%	0.37%
Nuveen Churchill Direct Lending	23.98%	9.40%	4.03%

Summary

Coinbase Global beats Nuveen Churchill Direct Lending on 9 of the 14 factors compared between the two stocks.

About Coinbase Global

Coinbase Global, Inc. provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions. It also provides technology and services that enable developers to build crypto products and securely accept crypto assets as payment. The company was founded in 2012 and is based in Wilmington, Delaware.

About Nuveen Churchill Direct Lending

Nuveen Churchill Direct Lending Corp. is a specialty finance company focused primarily on investing in senior secured loans to private equity-owned U.S. middle market companies. It has elected to be regulated as a business development company. Nuveen Churchill Direct Lending Corp. is based in NEW YORK.