Coinbase Global’s (COIN) Buy Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reiterated their buy rating on shares of Coinbase Global (NASDAQ:COIN) in a research note issued to investors on Thursday morning, MarketBeat reports. They currently have a $200.00 target price on the cryptocurrency exchange’s stock.

A number of other research analysts also recently weighed in on COIN. Mizuho set a $155.00 price objective on shares of Coinbase Global in a research report on Friday, July 31st. Morgan Stanley raised their target price 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. Robert W. Baird raised their target price on Coinbase Global from $130.00 to $205.00 and gave the company a “neutral” rating in a research report on Monday, September 28th. Benchmark cut their price target on Coinbase Global from $270.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Finally, Weiss Ratings raised Coinbase Global from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Twenty investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $216.57.

Coinbase Global Stock Performance

COIN opened at $143.54 on Thursday. The firm has a fifty day moving average price of $179.74 and a 200 day moving average price of $178.82. Coinbase Global has a 1 year low of $136.89 and a 1 year high of $361.40. The stock has a market cap of $37.87 billion, a P/E ratio of -50.72 and a beta of 3.41. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.42 and a quick ratio of 2.42.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings results on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the business posted $5.14 EPS. The firm’s quarterly revenue was down 18.5% compared to the same quarter last year. Equities research analysts anticipate that Coinbase Global will post -0.50 earnings per share for the current year.

Insider Activity at Coinbase Global

In other Coinbase Global news, CFO Alesia J. Haas sold 39,030 shares of the stock in a transaction on Monday, September 21st. The shares were sold at an average price of $205.24, for a total transaction of $8,010,517.20. Following the transaction, the chief financial officer directly owned 345,376 shares of the company’s stock, valued at $70,884,970.24. This trade represents a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick R. Wilson sold 10,000 shares of Coinbase Global stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $178.93, for a total transaction of $1,789,300.00. 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. Insiders sold a total of 127,188 shares of company stock worth $23,029,558 in the last quarter. 16.66% of the stock is owned by insiders.

Institutional Trading of Coinbase Global

Institutional investors and hedge funds have recently modified their holdings of the stock. Kestra Private Wealth Services LLC increased its holdings in shares of Coinbase Global by 10.1% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 23,329 shares of the cryptocurrency exchange’s stock worth $4,349,000 after buying an additional 2,149 shares during the last quarter. Chicago Partners Investment Group LLC raised its position in shares of Coinbase Global by 17.4% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 3,819 shares of the cryptocurrency exchange’s stock valued at $628,000 after buying an additional 565 shares during the period. Rakuten Investment Management Inc. raised 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 buying an additional 3,469 shares during the period. TrinityBridge Ltd lifted its holdings in Coinbase Global by 12.6% in the third quarter. TrinityBridge Ltd now owns 3,981 shares of the cryptocurrency exchange’s stock valued at $742,000 after acquiring an additional 445 shares during the last quarter. Finally, Integrity Alliance LLC. acquired a new position in Coinbase Global in the third quarter valued at approximately $355,000. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Key Coinbase Global News

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.