Coinbase Global (NASDAQ:COIN) had its target price hoisted by equities researchers at The Goldman Sachs Group from $226.00 to $228.00 in a research report issued to clients and investors on Thursday,MarketScreener reports. The brokerage presently has a “buy” rating on the cryptocurrency exchange’s stock. The Goldman Sachs Group’s price objective points to a potential upside of 28.93% from the stock’s previous close.
Several other analysts have also recently weighed in on COIN. Citizens Jmp lowered their price target on Coinbase Global from $400.00 to $355.00 and set a “market outperform” rating on the stock in a report on Friday, April 10th. Benchmark decreased their price objective on shares of Coinbase Global from $267.00 to $260.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. UBS Group set a $264.00 target price on shares of Coinbase Global in a research note on Friday, February 13th. Jefferies Financial Group boosted their price target on shares of Coinbase Global from $151.00 to $181.00 and gave the stock a “hold” rating in a research note on Thursday, April 9th. Finally, Oppenheimer decreased their price target on shares of Coinbase Global from $227.00 to $224.00 in a report on Friday, May 8th. Nineteen analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $252.10.
Check Out Our Latest Analysis on COIN
Coinbase Global Price Performance
Coinbase Global (NASDAQ:COIN – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($1.55). The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Coinbase Global had a return on equity of 4.16% and a net margin of 12.20%.The company’s quarterly revenue was down 30.5% on a year-over-year basis. During the same quarter last year, the business posted $0.24 EPS. Research analysts forecast that Coinbase Global will post 1.72 earnings per share for the current fiscal year.
Insider Activity at Coinbase Global
In other news, insider Lawrence J. Brock sold 6,616 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $189.01, for a total value of $1,250,490.16. Following the completion of the sale, the insider directly owned 517 shares in the company, valued at approximately $97,718.17. The trade was a 92.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Alesia J. Haas sold 10,020 shares of the company’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $200.00, for a total transaction of $2,004,000.00. Following the completion of the sale, the chief financial officer directly owned 377,201 shares of the company’s stock, valued at $75,440,200. This trade represents a 2.59% decrease in their position. 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. In the last ninety days, insiders sold 36,606 shares of company stock valued at $7,264,410. 16.66% of the stock is owned by insiders.
Institutional Trading of Coinbase Global
Institutional investors have recently added to or reduced their stakes in the business. REAP Financial Group LLC purchased a new position in shares of Coinbase Global in the third quarter worth about $25,000. Palisade Asset Management LLC purchased a new stake in Coinbase Global during the 3rd quarter valued at about $29,000. Foster Dykema Cabot & Partners LLC bought a new position in Coinbase Global during the 3rd quarter worth approximately $35,000. Cloud Capital Management LLC bought a new position in Coinbase Global during the 3rd quarter worth approximately $36,000. Finally, MV Capital Management Inc. purchased a new position in Coinbase Global in the 4th quarter worth approximately $27,000. 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 launched an upgraded Direct Deposit feature that lets U.S. users automatically split paychecks between cash and crypto, which could boost recurring investing activity and engagement. Coinbase Automates Crypto Investing via Upgraded Direct Deposit
- Positive Sentiment: The company expanded institutional fiat rails through a partnership with Standard Chartered, adding multi-currency funding access that should make deposits, withdrawals, and settlement easier for global clients. Coinbase, Standard Chartered Partner to Add 6 Currency Access
- Positive Sentiment: Coinbase’s Base network introduced Base MCP, a tool that connects AI agents like ChatGPT and Claude to crypto wallets, positioning the company for growth in agentic commerce and AI-linked payments. Base launches new tool to connect crypto wallets to AI agents
- Neutral Sentiment: Some market commentary suggests COIN may still be trading in a range, implying investors are waiting for stronger crypto-market momentum before re-rating the stock. Stock Of The Day: Is This The New Range For Coinbase?
- Neutral Sentiment: Reports also noted weaker Bitcoin demand and negative Coinbase Premium signals, which can weigh on trading volumes and near-term transaction revenue for Coinbase. Sell in May and Walk Away” Plays Out as Bitcoin Flashes Bearish Signals
- Negative Sentiment: Insider Lawrence J. Brock sold 6,616 shares in a pre-arranged 10b5-1 transaction, a move that may temper sentiment even though it was not necessarily tied to company fundamentals. Coinbase Global Insider Sells 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.
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