Coinbase Global (NASDAQ:COIN) Shares Gap Up – Here’s What Happened

Coinbase Global, Inc. (NASDAQ:COIN) gapped up before the market opened on Wednesday . The stock had previously closed at $162.03, but opened at $171.78. Coinbase Global shares last traded at $174.3840, with a volume of 3,853,982 shares trading hands.

Key Headlines Impacting Coinbase Global

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

• Positive Sentiment: Bitcoin breakout lifts trading outlook — a fresh leg higher in Bitcoin is cited as the immediate catalyst pushing Coinbase shares higher because higher BTC price and volatility typically increase spot and derivatives volumes and trading revenue for COIN. Bitcoin Breakout Sends Coinbase Shares Soaring
• Positive Sentiment: Launch of U.S. stock & ETF trading expands addressable market — Coinbase opened commission-free, 24/5 stock and ETF trading (8,000+ securities, fractional shares, USD/USDC funding), advancing its “Everything Exchange” strategy and creating new cross‑sell and revenue opportunities beyond crypto trading. Coinbase opens stock and ETF trading to all US users
• Positive Sentiment: USDC/Stablecoin revenue upside — Bloomberg Intelligence estimates Coinbase’s USDC-related revenue could rise materially (up to ~7x under faster payments adoption), highlighting a high‑margin revenue stream that can offset volatile trading fees. Coinbase USDC revenue could 7x as payments grow
• Neutral Sentiment: Coinbase research frames BTC technical levels — the firm published a playbook indicating $82k (resistance) and $60k (support) as decision points for BTC’s next regime; this guidance can amplify trading flows if market participants follow it but is informational rather than immediate revenue news. Is Bitcoin The Poor Man’s Hedge Against Inflation? (Coinbase CEO remarks and related posts)
• Neutral Sentiment: CEO messaging on Bitcoin as an inflation hedge — Brian Armstrong’s public push for crypto and stablecoin policy is pro-industry and can support long-term adoption, but it also highlights crypto’s volatility and regulatory dependency. Is Bitcoin The Poor Man’s Hedge Against Inflation? (CEO comments)
• Negative Sentiment: Analyst price-target cut — China Renaissance lowered its COIN target to $223.20, a reminder that some sell‑side analysts remain cautious on valuation and near-term revenue drag from lower trading volumes. China Renaissance Lowers Coinbase Price Target

Wall Street Analysts Forecast Growth

Several research firms have recently commented on COIN. Raymond James Financial reiterated a “market perform” rating on shares of Coinbase Global in a research note on Thursday, January 8th. Erste Group Bank downgraded shares of Coinbase Global from a “buy” rating to a “hold” rating in a research note on Thursday, November 20th. President Capital upped their target price on shares of Coinbase Global from $401.00 to $472.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Zacks Research downgraded Coinbase Global from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $440.00 price objective on shares of Coinbase Global in a research note on Tuesday, January 6th. Nineteen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $278.54.

Coinbase Global Trading Up 13.7%

The firm has a market cap of $48.65 billion, a P/E ratio of 42.00, a P/E/G ratio of 2.45 and a beta of 3.70. The business’s 50-day moving average is $210.24 and its two-hundred day moving average is $275.94. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.40.

Coinbase Global (NASDAQ:COIN) last issued its earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.17). The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.86 billion. Coinbase Global had a net margin of 17.55% and a return on equity of 8.68%. The business’s revenue was down 21.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.68 earnings per share. As a group, analysts expect that Coinbase Global, Inc. will post 7.22 earnings per share for the current fiscal year.

Insider Activity at Coinbase Global

In other Coinbase Global news, CFO Alesia J. Haas sold 364,600 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $154.95, for a total value of $56,494,770.00. Following the sale, the chief financial officer directly owned 402,165 shares in the company, valued at approximately $62,315,466.75. This trade represents a 47.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Brian Armstrong sold 40,000 shares of the company’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $273.86, for a total transaction of $10,954,400.00. The disclosure for this sale is available in the SEC filing. Insiders sold 513,775 shares of company stock worth $95,046,092 in the last 90 days. 16.56% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Coinbase Global

Several large investors have recently made changes to their positions in the company. REAP Financial Group LLC acquired a new position in shares of Coinbase Global during the third quarter worth approximately $25,000. MV Capital Management Inc. bought a new stake in Coinbase Global during the 4th quarter valued at $27,000. Evelyn Partners Investment Management Europe Ltd boosted its position in Coinbase Global by 92.3% during the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 75 shares of the cryptocurrency exchange’s stock worth $29,000 after acquiring an additional 36 shares during the period. Palisade Asset Management LLC bought a new position in shares of Coinbase Global in the third quarter worth $29,000. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of Coinbase Global during the second quarter valued at $30,000. Institutional investors and hedge funds own 68.84% of the company’s stock.

About Coinbase Global

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.