Coinbase Global (NASDAQ:COIN) Stock Gets Price Target Cut from Citizens Jmp

Coinbase Global (NASDAQ:COIN) had its price objective cut by Citizens Jmp from $325.00 to $280.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have a market outperform rating on the cryptocurrency exchange’s stock.

A number of other equities analysts have also recently weighed in on the stock. Bank of America reissued a “buy” rating on shares of Coinbase Global in a research report on Monday, October 5th. Mizuho set a $155.00 target price on Coinbase Global in a research note on Friday, July 31st. Keefe, Bruyette & Woods initiated coverage on Coinbase Global in a research report on Monday, September 28th. They set an “outperform” rating and a $237.00 target price on the stock. Robert W. Baird boosted their price target on Coinbase Global from $130.00 to $205.00 and gave the stock a “neutral” rating in a research note on Monday, September 28th. Finally, HC Wainwright reiterated a “buy” rating and issued a $265.00 price target on shares of Coinbase Global in a research note on Friday, July 31st. 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 data from MarketBeat.com, Coinbase Global presently has an average rating of “Hold” and an average target price of $224.60.

Coinbase Global Price Performance

Shares of COIN stock opened at $179.39 on Friday. The company has a market capitalization of $47.33 billion, a PE ratio of -46.72 and a beta of 3.41. The firm has a fifty day simple moving average of $175.33 and a 200-day simple moving average of $174.98. 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 twelve month low of $139.11 and a twelve month 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 for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the business posted $5.14 earnings per share. Coinbase Global’s revenue for the quarter was down 18.5% on a year-over-year basis. Equities research analysts anticipate that Coinbase Global will post -0.49 earnings per share for the current fiscal year.

Insider Activity at Coinbase Global

In related news, Director Frederick R. Wilson sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $178.93, for a total value of $1,789,300.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 owned 345,376 shares in the company, valued at $70,884,970.24. This trade represents a 10.15% decrease in their ownership of the stock. 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 have sold a total of 127,188 shares of company stock worth $23,029,558 in the last ninety days. 16.66% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in COIN. Paradigm Operations LP lifted its position in shares of Coinbase Global by 3.3% during the fourth quarter. Paradigm Operations LP now owns 4,262,458 shares of the cryptocurrency exchange’s stock worth $963,912,000 after purchasing an additional 134,425 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Coinbase Global in the second quarter worth about $142,995,000. National Pension Service grew its stake in Coinbase Global by 117.1% in the second quarter. National Pension Service now owns 641,518 shares of the cryptocurrency exchange’s stock worth $93,784,000 after purchasing an additional 346,045 shares in the last quarter. Southpoint Capital Advisors LP acquired a new position in Coinbase Global in the first quarter worth about $104,766,000. Finally, Hsbc Holdings PLC grew its stake in Coinbase Global by 10.6% in the fourth quarter. Hsbc Holdings PLC now owns 482,427 shares of the cryptocurrency exchange’s stock worth $109,635,000 after purchasing an additional 46,319 shares in the last quarter. 68.84% of the stock is owned by institutional investors and hedge funds.

Coinbase Global News Summary

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

• Positive Sentiment: Bitcoin rebound supports COIN: Bitcoin traded higher over the past 24 hours, helping Coinbase as a leveraged play on cryptocurrency activity. Analysts also noted the company’s record trading-volume market share, growing USDC balances, and efforts to diversify into derivatives and other products. Coinbase Global stock rises as bitcoin rebounds and analysts refresh targets
• Positive Sentiment: Samsung partnership expands USDC distribution: Coinbase is helping bring USDC functionality to U.S. Samsung Wallet users later this month. Wider access could support stablecoin transfers, payments, custody, and international remittances, strengthening Coinbase’s strategic “Everything Exchange” narrative. Coinbase-Samsung Deal Expands USDC Access Through Samsung Wallet
• Positive Sentiment: Analyst targets remain well above the market price: Morgan Stanley raised its target to $258 while maintaining an Equal Weight rating. Citizens JMP lowered its target to $280 from $325 but retained a Market Outperform rating. BTIG also reiterated a Buy rating with a $240 target, indicating analysts still see substantial potential upside despite volatility. Coinbase Has Lost 56% in a Year: Citizens JMP Sees 63% Upside
• Positive Sentiment: Derivatives and product expansion add longer-term support: Coinbase plans to broaden access to crypto options, stock trading, and global derivatives liquidity. These initiatives could diversify revenue beyond spot cryptocurrency trading. Coinbase connects US traders to global derivatives liquidity
• Neutral Sentiment: Government Bitcoin transfers create mixed implications: The U.S. government moved seized Bitcoin to Coinbase Prime, but there was no confirmed sale. The transfers could increase institutional custody activity for Coinbase, while any eventual liquidation could pressure Bitcoin prices and crypto sentiment. US government moves $770M of seized Bitcoin to Coinbase Prime
• Negative Sentiment: Insider selling remains a cautionary signal: Quiver data shows 72 insider sales and no purchases over the past six months, including sales by executives and directors. This does not necessarily indicate deteriorating fundamentals, but it may weigh on investor confidence.
• Negative Sentiment: Regulatory limitations affect new products: Coinbase will discontinue sports prediction markets for Michigan customers amid state regulatory pressure, limiting the near-term opportunity in that business. Coinbase Users in Michigan Will Lose Sports Markets This Weekend

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.