Brokerages Set Coinbase Global, Inc. (NASDAQ:COIN) Target Price at $216.87

Shares of Coinbase Global, Inc. (NASDAQ:COIN) have received an average rating of “Hold” from the thirty-two analysts that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and eighteen have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $216.8690.

COIN has been the topic of a number of recent research reports. Needham & Company LLC dropped their target price on Coinbase Global from $220.00 to $177.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Zacks Research cut shares of Coinbase Global from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $208.00 price objective on shares of Coinbase Global in a report on Wednesday, June 17th. KeyCorp reissued a “sector weight” rating on shares of Coinbase Global in a research report on Wednesday, June 17th. Finally, Weiss Ratings cut shares of Coinbase Global from a “hold (c-)” rating to a “sell (d)” rating in a report on Friday, July 31st.

More Coinbase Global News

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

• Positive Sentiment: Coinbase launched 23 regulated perpetual and dated futures contracts for eligible Canadian customers, covering Bitcoin, Ether, Solana and other assets. The rollout supports CEO Brian Armstrong’s “everything exchange” strategy and could expand trading activity and fee revenue. Coinbase Brings BTC, ETH and SOL Derivatives to Canada
• Positive Sentiment: Analysts and crypto-focused publications continue to identify COIN as a stock to watch during Bitcoin’s recovery rally, highlighting Coinbase’s trading platform, institutional infrastructure and potential benefit from stronger crypto prices. Coinbase, Circle and Robinhood: Three Crypto Stocks to Watch in September
• Positive Sentiment: Coinbase believes the next major adoption wave could come from AI agents transacting autonomously on blockchain networks. If that use case develops, it could create new transaction and infrastructure revenue streams, although the opportunity remains early-stage. Coinbase Says Crypto’s Next Wave of Growth Will Come From AI Agents
• Neutral Sentiment: Upcoming votes on the CLARITY Act and the launch of Circle Arc are expected to shape the regulatory and infrastructure outlook for the crypto industry. Clearer rules could help Coinbase, but delays or unfavorable provisions could increase uncertainty. Week Ahead: Two Market-Moving Events in 48 Hours
• Neutral Sentiment: Analysts have an average “Hold” recommendation, suggesting that the company’s growth opportunities are balanced by its elevated valuation and exposure to volatile cryptocurrency markets. Coinbase Receives Average Hold Recommendation
• Negative Sentiment: Coinbase’s recent quarterly results showed a larger-than-expected per-share loss and revenue below consensus, reinforcing concerns that weaker trading activity could pressure near-term results. A prior market rally also faded after a strong jobs report reduced expectations for easier monetary policy. Coinbase Slides as Hot Jobs Report Dents Rally

Insider Buying and Selling at Coinbase Global

In other Coinbase Global news, CAO Jennifer Jones sold 2,062 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $188.75, for a total transaction of $389,202.50. The sale was disclosed in a legal 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 stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $178.93, for a total transaction 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. Insiders sold a total of 57,130 shares of company stock worth $8,830,416 over the last quarter. Company insiders own 16.66% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of COIN. Parkside Financial Bank & Trust increased its position in shares of Coinbase Global by 47.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 653 shares of the cryptocurrency exchange’s stock worth $95,000 after purchasing an additional 209 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Coinbase Global in the 2nd quarter valued at approximately $2,566,000. California State Teachers Retirement System boosted its holdings in shares of Coinbase Global by 14,352.9% in the 2nd quarter. California State Teachers Retirement System now owns 46,883,279 shares of the cryptocurrency exchange’s stock valued at $6,853,867,000 after buying an additional 46,558,893 shares during the last quarter. Readystate Asset Management LP bought a new position in shares of Coinbase Global in the second quarter valued at $2,587,000. Finally, Ameritas Advisory Services LLC grew its stake in shares of Coinbase Global by 92.1% in the second quarter. Ameritas Advisory Services LLC now owns 3,326 shares of the cryptocurrency exchange’s stock valued at $486,000 after buying an additional 1,595 shares in the last quarter. 68.84% of the stock is currently owned by institutional investors.

Coinbase Global Price Performance

COIN stock opened at $184.64 on Tuesday. The stock has a 50-day moving average price of $164.14 and a two-hundred day moving average price of $175.74. The stock has a market cap of $48.72 billion, a PE ratio of -48.08 and a beta of 3.39. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.45. Coinbase Global has a 1 year low of $139.11 and a 1 year high of $402.16.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings results on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.44) by ($0.92). The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.29 billion. Coinbase Global had a negative net margin of 15.72% and a positive return on equity of 3.12%. The business’s revenue for the quarter was down 18.5% compared to the same quarter last year. During the same period in the prior year, the business earned $5.14 EPS. Equities analysts forecast that Coinbase Global will post -0.39 EPS for the current fiscal year.

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.