Analysts Set Expectations for Coinbase Global Q4 Earnings

Coinbase Global, Inc. (NASDAQ:COIN) – Analysts at William Blair lowered their Q4 2026 EPS estimates for Coinbase Global in a report released on Friday, August 1st. William Blair analyst A. Jeffrey now expects that the cryptocurrency exchange will post earnings of $1.74 per share for the quarter, down from their previous estimate of $1.98. William Blair has a “Outperform” rating on the stock. The consensus estimate for Coinbase Global’s current full-year earnings is $7.22 per share.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings results on Thursday, July 31st. The cryptocurrency exchange reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.79). The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.68 billion. Coinbase Global had a return on equity of 16.02% and a net margin of 40.87%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.14 EPS.

Other equities analysts have also issued research reports about the stock. HC Wainwright reaffirmed a “sell” rating and issued a $300.00 price objective on shares of Coinbase Global in a research note on Friday. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $400.00 price objective on shares of Coinbase Global in a research note on Friday. Piper Sandler reaffirmed a “neutral” rating and issued a $350.00 price objective on shares of Coinbase Global in a research note on Thursday. Monness Crespi & Hardt lowered shares of Coinbase Global from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th. Finally, Williams Trading set a $405.00 price objective on shares of Coinbase Global in a research note on Thursday. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Coinbase Global has an average rating of “Hold” and a consensus target price of $344.55.

Coinbase Global Trading Down 16.7%

Coinbase Global stock opened at $314.69 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.13 and a current ratio of 2.12. The firm has a market cap of $79.89 billion, a price-to-earnings ratio of 30.43, a price-to-earnings-growth ratio of 21.92 and a beta of 3.70. Coinbase Global has a 1 year low of $142.58 and a 1 year high of $444.64. The firm’s 50 day moving average price is $327.63 and its two-hundred day moving average price is $259.38.

Institutional Investors Weigh In On Coinbase Global

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in Coinbase Global by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 19,294,456 shares of the cryptocurrency exchange’s stock worth $3,323,084,000 after acquiring an additional 875,359 shares during the period. ARK Investment Management LLC raised its holdings in Coinbase Global by 1.1% in the 1st quarter. ARK Investment Management LLC now owns 3,069,107 shares of the cryptocurrency exchange’s stock worth $528,592,000 after acquiring an additional 34,462 shares during the period. Groupama Asset Managment raised its holdings in Coinbase Global by 100.0% in the 1st quarter. Groupama Asset Managment now owns 3,000,000 shares of the cryptocurrency exchange’s stock worth $516,690,000 after acquiring an additional 1,500,000 shares during the period. Amundi raised its holdings in Coinbase Global by 44.1% in the 1st quarter. Amundi now owns 1,574,434 shares of the cryptocurrency exchange’s stock worth $268,850,000 after acquiring an additional 481,786 shares during the period. Finally, Northern Trust Corp raised its holdings in Coinbase Global by 0.6% in the 1st quarter. Northern Trust Corp now owns 1,302,433 shares of the cryptocurrency exchange’s stock worth $224,318,000 after acquiring an additional 7,675 shares during the period. Institutional investors and hedge funds own 68.84% of the company’s stock.

Insider Activity at Coinbase Global

In related news, insider Paul Grewal sold 10,000 shares of Coinbase Global stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $348.64, for a total value of $3,486,400.00. Following the completion of the sale, the insider owned 82,328 shares of the company’s stock, valued at approximately $28,702,833.92. The trade was a 10.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian Armstrong sold 198,300 shares of Coinbase Global stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $397.87, for a total transaction of $78,897,621.00. Following the completion of the sale, the chief executive officer directly owned 526 shares of the company’s stock, valued at approximately $209,279.62. The trade was a 99.74% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,183,340 shares of company stock valued at $434,983,956. Insiders own 23.43% of the company’s stock.

About Coinbase Global

Coinbase Global, Inc provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions.