Coinbase Global (NASDAQ:COIN) Now Covered by Cantor Fitzgerald

Cantor Fitzgerald began coverage on shares of Coinbase Global (NASDAQ:COIN) in a report published on Tuesday morning. The brokerage issued an overweight rating and a $277.00 price target on the cryptocurrency exchange’s stock.

A number of other equities research analysts also recently issued reports on COIN. Jefferies Financial Group lowered their target price on shares of Coinbase Global from $367.00 to $268.00 and set a “hold” rating for the company in a report on Monday, January 12th. Erste Group Bank lowered shares of Coinbase Global from a “buy” rating to a “hold” rating in a report on Thursday, November 20th. Barclays dropped their price objective on Coinbase Global from $291.00 to $258.00 and set an “equal weight” rating for the company in a report on Thursday, January 8th. HC Wainwright upgraded Coinbase Global from a “sell” rating to a “buy” rating and lifted their target price for the company from $300.00 to $425.00 in a report on Thursday, October 30th. Finally, Raymond James Financial reissued a “market perform” rating on shares of Coinbase Global in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Coinbase Global has a consensus rating of “Moderate Buy” and a consensus target price of $356.27.

Coinbase Global Stock Performance

Coinbase Global stock opened at $210.83 on Tuesday. The stock has a fifty day moving average price of $247.60 and a 200 day moving average price of $304.00. Coinbase Global has a 52 week low of $142.58 and a 52 week high of $444.64. The firm has a market capitalization of $56.85 billion, a P/E ratio of 18.24 and a beta of 3.70. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.37.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings results on Thursday, October 30th. The cryptocurrency exchange reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.40. Coinbase Global had a return on equity of 15.70% and a net margin of 41.99%.The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period last year, the company earned $0.28 EPS. The firm’s quarterly revenue was up 55.1% on a year-over-year basis. Equities research analysts anticipate that Coinbase Global will post 7.22 earnings per share for the current year.

Insider Transactions at Coinbase Global

In other news, CFO Alesia J. Haas sold 8,050 shares of the stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $250.00, for a total value of $2,012,500.00. Following the completion of the sale, the chief financial officer owned 70,664 shares in the company, valued at approximately $17,666,000. This trade represents a 10.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian Armstrong sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $248.96, for a total value of $9,958,400.00. The disclosure for this sale is available in the SEC filing. Insiders sold 820,587 shares of company stock valued at $240,717,580 over the last quarter. Company insiders own 16.56% of the company’s stock.

Institutional Investors Weigh In On Coinbase Global

Large investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC lifted its holdings in Coinbase Global by 24.2% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,119 shares of the cryptocurrency exchange’s stock worth $365,000 after buying an additional 413 shares in the last quarter. Empowered Funds LLC increased its position in shares of Coinbase Global by 25.8% during the first quarter. Empowered Funds LLC now owns 8,581 shares of the cryptocurrency exchange’s stock worth $1,478,000 after acquiring an additional 1,761 shares during the last quarter. Focus Partners Wealth lifted its stake in shares of Coinbase Global by 9.9% in the first quarter. Focus Partners Wealth now owns 5,202 shares of the cryptocurrency exchange’s stock worth $896,000 after acquiring an additional 467 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Coinbase Global in the second quarter worth about $285,000. Finally, Avior Wealth Management LLC purchased a new position in Coinbase Global in the second quarter valued at about $566,000. 68.84% of the stock is owned by institutional investors and hedge funds.

Coinbase Global News Roundup

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

• Positive Sentiment: Cantor Fitzgerald initiated coverage with an “overweight” rating and a $277 price target (~31% upside from current levels), which can provide a near-term buy-side catalyst and institutional interest.
• Positive Sentiment: Adoption tailwind — reports say ~60% of top U.S. banks are preparing Bitcoin services (trading/custody), supporting long-term exchange volumes and service demand. 60% of top US banks are geared up for Bitcoin: River
• Positive Sentiment: Coinbase survey shows most institutional investors view Bitcoin as undervalued in the mid-$80k–$95k range, which could support a rebound in trading activity if sentiment improves. Majority of institutional investors say Bitcoin is undervalued: Coinbase
• Neutral Sentiment: Technical/watchlist coverage — a Forbes piece flags COIN trading in a historical support zone and as a watchlist candidate; useful for traders but not a fundamental catalyst by itself. Is Coinbase Stock A Buy Now?
• Neutral Sentiment: Corporate preparedness — Coinbase formed an advisory board to study long-term threats (e.g., quantum computing), signaling proactive risk management but with long-term, uncertain payoff. Coinbase Is Prepping For ‘Future Threats’
• Neutral Sentiment: The short-interest report in January shows nonsensical/zero values (data appears unreliable), so it offers little actionable signal right now.
• Negative Sentiment: Crypto market weakness — record ETF outflows and a deeply negative Coinbase premium point to U.S. selling pressure in Bitcoin and lower retail/institutional demand, which pressures Coinbase’s core trading revenue. Bitcoin Stuck in 60-Day Range as Record ETF Outflows Show US Selling Pressure
• Negative Sentiment: Regulatory/political friction — Coinbase’s political activity helped delay a key crypto bill and drew a White House rebuke, increasing regulatory uncertainty that can weigh on investor sentiment. Coinbase power play sparks crypto rift as key bill gets delayed
• Negative Sentiment: Analyst/headline downside risk — outlets cite bearish forecasts and at least one firm (KeyCorp) issued a bearish view on Q4; combined with Bitcoin downside scenarios (some technical calls project much lower BTC prices), these create headline risk for COIN’s revenue outlook. KeyCorp Has Bearish Forecast for Coinbase Global Q4 Earnings

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.