Coinbase Global (NASDAQ:COIN) Earns Buy Rating from BTIG Research

Coinbase Global (NASDAQ:COIN)‘s stock had its “buy” rating reissued by BTIG Research in a research note issued to investors on Wednesday, Marketbeat reports. They currently have a $240.00 target price on the cryptocurrency exchange’s stock. BTIG Research’s price target suggests a potential upside of 39.53% from the company’s current price.

Other research analysts have also issued reports about the stock. Raymond James Financial started coverage on shares of Coinbase Global in a research note on Wednesday, July 22nd. They issued a “market perform” rating on the stock. Canaccord Genuity Group reissued a “buy” rating and set a $300.00 target price on shares of Coinbase Global 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 on the stock in a research report on Friday, July 31st. William Blair restated an “outperform” rating on shares of Coinbase Global in a research report on Tuesday, September 22nd. Finally, Morgan Stanley began coverage on Coinbase Global in a research note on Thursday, September 10th. They issued an “equal weight” rating and a $250.00 price target on the stock. Twenty investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Coinbase Global currently has an average rating of “Hold” and an average price target of $225.44.

Coinbase Global Price Performance

Coinbase Global stock opened at $172.00 on Wednesday. The stock has a market capitalization of $45.38 billion, a P/E ratio of -44.79 and a beta of 3.41. The company’s fifty day moving average price is $174.67 and its 200 day moving average price is $175.13. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.42 and a current ratio of 2.42. Coinbase Global has a 1 year low of $139.11 and a 1 year high of $402.16.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings data 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). Coinbase Global had a negative net margin of 15.72% and a positive return on equity of 3.12%. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the business earned $5.14 earnings per share. The business’s revenue for the quarter was down 18.5% on a year-over-year basis. As a group, equities research analysts anticipate that Coinbase Global will post -0.48 earnings per share for the current fiscal year.

Insider Buying and Selling at Coinbase Global

In related news, Director Marc L. Andreessen sold 13,676 shares of the stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $186.18, for a total value of $2,546,197.68. Following the completion of the sale, the director owned 1,115,810 shares of the company’s stock, valued at approximately $207,741,505.80. This trade represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick R. Wilson sold 35,068 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $144.32, for a total value of $5,061,013.76. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 127,188 shares of company stock valued at $23,029,558. Company insiders own 16.66% of the company’s stock.

Institutional Trading of Coinbase Global

Several large investors have recently added to or reduced their stakes in the stock. REX Advisers LLC acquired a new stake in shares of Coinbase Global in the 3rd quarter worth $950,000. CoreCap Advisors LLC raised its holdings in shares of Coinbase Global by 26.0% during the 3rd quarter. CoreCap Advisors LLC now owns 7,271 shares of the cryptocurrency exchange’s stock worth $1,376,000 after acquiring an additional 1,501 shares during the period. Aletheian Wealth Advisors LLC boosted its position in shares of Coinbase Global by 20.9% during the 3rd quarter. Aletheian Wealth Advisors LLC now owns 3,377 shares of the cryptocurrency exchange’s stock valued at $630,000 after acquiring an additional 583 shares during the last quarter. Whalen Wealth Management Inc. purchased a new stake in shares of Coinbase Global in the third quarter valued at about $344,000. Finally, Elevation Wealth Partners LLC grew its holdings in shares of Coinbase Global by 583.7% in the third quarter. Elevation Wealth Partners LLC now owns 3,022 shares of the cryptocurrency exchange’s stock valued at $563,000 after purchasing an additional 2,580 shares during the period. 68.84% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Coinbase Global

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

• Positive Sentiment: Derivatives expansion could broaden revenue. Coinbase completed its Deribit integration, giving eligible U.S. customers access to global options and perpetual-futures liquidity through its regulated derivatives unit. Coinbase also plans to relaunch Coinbase Pro by year-end with spot, futures, options, margin and equities trading, potentially increasing trading activity and diversification. Coinbase brings global crypto derivatives liquidity to US with Deribit integration
• Positive Sentiment: Stablecoin adoption remains a long-term growth catalyst. Analysts highlighted record USDC balances and expanding use across payments, custody, lending, trading and Base. Separately, Samsung plans to add Coinbase-backed USDC wallet functionality to U.S. Galaxy devices, potentially increasing stablecoin usage and Coinbase-related activity. Can USDC Adoption Reshape Coinbase’s Long-Term Growth Profile?
• Positive Sentiment: Some analysts remain bullish. BTIG reiterated a Buy rating and a $240 price target, citing strengthening fundamentals and business diversification. BTIG reiterates Buy on Coinbase
• Neutral Sentiment: Government Bitcoin transfers created uncertainty but no confirmed sale. Government-linked wallets moved roughly $1.8 billion in Bitcoin, including transfers to Coinbase Prime. Blockchain analysts said the transactions may involve custody, liquidation preparation or other operational activity; no confirmed exchange sale was identified. US government moves $1B in seized Bitcoin
• Negative Sentiment: Michigan customers will lose sports prediction markets. Coinbase is shutting off the offering for Michigan users after the state attorney general increased pressure to bring sports betting platforms into compliance, limiting a small but potentially growing revenue stream. Coinbase Users in Michigan Will Lose Sports Markets This Weekend
• Negative Sentiment: Crypto-market weakness and mixed sentiment pressured COIN. Coinbase and other crypto-linked stocks declined as Bitcoin’s rally lost momentum. Wall Street remains divided, with Barclays warning of downside while Goldman Sachs sees additional upside. An insider sale of Coinbase shares also added a modest negative signal.

Coinbase Global Company Profile

Coinbase Global, Inc operates a digital-asset platform that enables individuals, businesses and institutions to buy, sell, store and use cryptocurrencies. Its services include a cryptocurrency exchange, digital-asset custody, staking and related trading products, as well as tools designed to support institutional participation in the crypto economy.

The company also offers Coinbase Wallet, a self-custody wallet that allows users to manage digital assets and interact with decentralized applications.