Coinbase Global (NASDAQ:COIN) Given “Overweight” Rating at Cantor Fitzgerald

Cantor Fitzgerald restated their overweight rating on shares of Coinbase Global (NASDAQ:COIN) in a research note released on Friday morning,Benzinga reports. The firm currently has a $212.00 price objective on the cryptocurrency exchange’s stock.

A number of other analysts also recently commented on COIN. Jefferies Financial Group reissued a “hold” rating and set a $174.00 price objective on shares of Coinbase Global in a report on Friday. Morgan Stanley raised their price target on Coinbase Global from $250.00 to $258.00 and gave the company an “equal weight” rating in a research report on Friday, October 9th. Raymond James Financial initiated coverage on shares of Coinbase Global in a research note on Wednesday, July 22nd. They issued a “market perform” rating on the stock. William Blair reaffirmed an “outperform” rating on shares of Coinbase Global in a report on Tuesday, September 22nd. Finally, Weiss Ratings upgraded Coinbase Global from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Twenty equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Coinbase Global currently has a consensus rating of “Hold” and a consensus price target of $216.57.

Coinbase Global Trading Down 10.6%

Shares of Coinbase Global stock opened at $143.54 on Friday. Coinbase Global has a 52-week low of $136.89 and a 52-week high of $361.40. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.45. The company’s 50-day simple moving average is $179.74 and its 200-day simple moving average is $178.82. The firm has a market cap of $37.87 billion, a price-to-earnings ratio of -50.72 and a beta of 3.41.

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 analysts’ consensus estimates of ($0.44) by ($0.92). Coinbase Global had a negative net margin of 12.46% and a positive return on equity of 0.76%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the business earned $5.14 EPS. Coinbase Global’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 -0.47 earnings per share for the current year.

Insider Transactions at Coinbase Global

In other Coinbase Global news, Director Marc L. Andreessen sold 13,676 shares of the firm’s stock in a transaction dated 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 transaction, the director directly owned 1,115,810 shares of the company’s stock, valued at $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 SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jennifer N. Jones sold 2,062 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $188.75, for a total value of $389,202.50. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 127,188 shares of company stock valued at $23,029,558. 16.66% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Rakuten Investment Management Inc. lifted its position in shares of Coinbase Global by 9.7% during the 3rd quarter. Rakuten Investment Management Inc. now owns 39,243 shares of the cryptocurrency exchange’s stock valued at $7,457,000 after acquiring an additional 3,469 shares during the last quarter. TrinityBridge Ltd boosted its position in shares of Coinbase Global by 12.6% in the 3rd quarter. TrinityBridge Ltd now owns 3,981 shares of the cryptocurrency exchange’s stock valued at $742,000 after purchasing an additional 445 shares during the period. Integrity Alliance LLC. purchased a new stake in Coinbase Global during the third quarter valued at about $355,000. Gerber Kawasaki Wealth & Investment Management purchased a new stake in Coinbase Global during the third quarter valued at about $325,000. Finally, BOCHK Asset Management Ltd purchased a new stake in Coinbase Global during the third quarter valued at about $7,440,000. 68.84% of the stock is currently owned by hedge funds and other institutional investors.

Coinbase Global News Roundup

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

• Positive Sentiment: Coinbase reported third-quarter net income of approximately $719 million, or $2.51 diluted EPS, exceeding expectations and ending a three-quarter losing streak. Lower operating expenses and gains on the company’s crypto holdings were major contributors. Coinbase net income surges 66% in third quarter
• Positive Sentiment: Coinbase is diversifying beyond spot crypto trading: subscription and services revenue represented about 49% of net revenue, while prediction markets surpassed a $200 million annualized revenue run rate. Management is also targeting stablecoins, tokenized assets and AI-agent payments. Coinbase Q3 earnings call highlights
• Positive Sentiment: The Binance breach could create an opportunity for Coinbase to attract customers seeking a regulated exchange and stronger custody safeguards. Several analysts retained bullish ratings, including HC Wainwright, BTIG and Cantor Fitzgerald. Binance hack could benefit Coinbase
• Neutral Sentiment: Goldman Sachs maintained a Buy rating but reduced its price target to $210, while Needham lowered its target to $197. These targets imply substantial upside but reflect increased near-term uncertainty.
• Neutral Sentiment: Coinbase said customer funds remained safe after an analytics-vendor incident involving contact information for a small subset of customers. The exchange also applied for authorization to continue operating under Brazil’s new crypto rules. Coinbase customer funds statement
• Negative Sentiment: Total revenue fell about 35% year over year to $1.22 billion, while transaction revenue declined sharply as crypto spot-trading volume weakened. Early fourth-quarter transaction revenue also suggested that trading conditions had not materially improved. Weak trading revenue pressures Coinbase
• Negative Sentiment: Investors questioned the quality of the profit because roughly $715 million came from crypto investment gains, leaving adjusted net income near $78 million. Barclays cut its rating to Underweight and lowered its price target to $120; Wells Fargo also reduced its target to $174.
• Negative Sentiment: The Binance hack triggered a broad crypto-equity selloff and raised concerns about stablecoin concentration and control risk, as Circle froze approximately $800 million in USDC and Coinbase reportedly holds nearly 30% of outstanding USDC. Insider sales have also added pressure, with no reported open-market purchases in the past six months. Coinbase USDC concentration

Coinbase Global Company Profile

Coinbase Global, Inc operates a digital-asset financial infrastructure and technology platform. Through its Coinbase platform, the company enables individuals and institutions to buy, sell, store, transfer and use cryptocurrencies and other digital assets. Its services are designed to support both retail customers and institutional participants in the digital-asset economy.

The company offers cryptocurrency trading, custody and staking services, as well as subscription products and institutional solutions.