Coinbase Global (NASDAQ:COIN) Trading Down 8% – Here’s What Happened

Coinbase Global, Inc. (NASDAQ:COIN)’s share price traded down 8% during mid-day trading on Tuesday . The stock traded as low as $186.71 and last traded at $184.6690. 3,012,717 shares traded hands during trading, a decline of 76% from the average session volume of 12,331,713 shares. The stock had previously closed at $200.62.

More Coinbase Global News

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

• Positive Sentiment: Coinbase expanded a commercial integration with Chainlink to stream institutional order‑book, futures and benchmark data onchain via DataLink — a product move that can broaden Coinbase’s enterprise data reach, support DeFi primitives on Base, and create licensing/market‑data revenue opportunities. Coinbase and Chainlink Bring Exchange Data Powering Billions in Trading Onchain for the First Time
• Positive Sentiment: Coinbase co‑founder Fred Ehrsam was named to the White House advisory council on science & technology — a governance/industry access development that could help Coinbase influence policy direction over time. Trump advisory council draws Coinbase co-founder, tech leaders
• Neutral Sentiment: Irish police (with Europol) moved ~500 BTC into Coinbase after recovering access to a long‑dormant wallet — a high‑profile, non‑organic inflow that may boost short‑term on‑platform liquidity but is not an organic business win. Lost Bitcoin Fortune Linked To Irish Dealer Shows Signs Of Life After Nearly A Decade
• Neutral Sentiment: Coinbase promoted USDC borrowing as an alternative to selling crypto to pay taxes — a product feature that could reduce sell‑pressure but has user caveats; impact on revenue and flows is likely modest. Selling Crypto To Pay Taxes? Coinbase Says There’s Another Option, But X Users Identify These Pitfalls
• Negative Sentiment: Multiple reports say Coinbase formally opposed the Senate’s latest CLARITY Act language on stablecoin yields — the company told lawmakers it could not support provisions that limit exchanges from distributing yield. That regulatory uncertainty is the primary near‑term driver of downward pressure on COIN. Coinbase opposes latest crypto bill stablecoin compromise: Report
• Negative Sentiment: Coverage highlights Coinbase’s continued friction with the CLARITY Act (CEO Brian Armstrong previously forced a markup off the calendar) — ongoing public pushback increases legislative risk and investor concern about future product restrictions and revenue impact. Coinbase Dismisses Revised Clarity Act, Signals Ongoing Friction

Analyst Upgrades and Downgrades

Several research firms have commented on COIN. Piper Sandler decreased their price objective on shares of Coinbase Global from $270.00 to $150.00 and set a “neutral” rating on the stock in a report on Friday, February 13th. Jefferies Financial Group reduced their target price on shares of Coinbase Global from $268.00 to $151.00 and set a “hold” rating for the company in a report on Friday, February 13th. Mizuho decreased their price target on shares of Coinbase Global from $280.00 to $170.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 17th. Citigroup lowered their price target on shares of Coinbase Global from $505.00 to $400.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Finally, Monness Crespi & Hardt cut Coinbase Global from a “hold” rating to a “sell” rating in a report on Monday, February 23rd. Nineteen investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $272.31.

Coinbase Global Trading Up 0.0%

The company has a debt-to-equity ratio of 0.40, a current ratio of 2.34 and a quick ratio of 2.34. The business’s 50-day moving average is $190.34 and its 200 day moving average is $259.13. The firm has a market capitalization of $47.82 billion, a P/E ratio of 41.25, a price-to-earnings-growth ratio of 3.13 and a beta of 3.70.

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

Insider Buying and Selling

In other Coinbase Global news, CFO Alesia J. Haas sold 9,950 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $201.60, for a total transaction of $2,005,920.00. Following the transaction, the chief financial officer owned 387,221 shares in the company, valued at $78,063,753.60. This trade represents a 2.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frederick Ernest Ehrsam III sold 1,375 shares of Coinbase Global stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $250.27, for a total value of $344,121.25. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 438,120 shares of company stock valued at $73,878,750 over the last 90 days. 16.56% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Coinbase Global

Institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Coinbase Global during the 2nd quarter worth approximately $1,044,354,000. Vanguard Group Inc. increased its stake in Coinbase Global by 8.3% in the third quarter. Vanguard Group Inc. now owns 26,216,793 shares of the cryptocurrency exchange’s stock valued at $8,847,905,000 after acquiring an additional 2,007,930 shares during the last quarter. Capital World Investors increased its stake in Coinbase Global by 847.2% in the fourth quarter. Capital World Investors now owns 1,536,534 shares of the cryptocurrency exchange’s stock valued at $347,472,000 after acquiring an additional 1,374,318 shares during the last quarter. Ruffer LLP acquired a new position in Coinbase Global during the fourth quarter valued at approximately $166,515,000. Finally, Artisan Partners Limited Partnership bought a new stake in Coinbase Global during the third quarter worth $224,663,000. Institutional investors 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.