Coinbase Global (NASDAQ:COIN) Reaches New 12-Month Low on Analyst Downgrade

Shares of Coinbase Global, Inc. (NASDAQ:COIN) hit a new 52-week low during trading on Thursday after Monness Crespi & Hardt downgraded the stock from a buy rating to a neutral rating. Monness Crespi & Hardt now has a $120.00 price target on the stock. Coinbase Global traded as low as $140.94 and last traded at $140.6240, with a volume of 5890839 shares trading hands. The stock had previously closed at $153.20.

A number of other equities analysts also recently issued reports on COIN. Mizuho set a $280.00 price objective on shares of Coinbase Global in a report on Tuesday, December 16th. Rosenblatt Securities increased their price target on Coinbase Global from $450.00 to $470.00 in a research report on Friday, October 31st. HC Wainwright cut their price objective on shares of Coinbase Global from $425.00 to $350.00 and set a “buy” rating for the company in a report on Wednesday. Citigroup lowered their target price on shares of Coinbase Global from $505.00 to $400.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Finally, Rothschild & Co Redburn reduced their price objective on shares of Coinbase Global from $404.00 to $403.00 and set a “buy” rating for the company in a research report on Friday, January 16th. Nineteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Coinbase Global has an average rating of “Moderate Buy” and an average target price of $331.58.

Insiders Place Their Bets

In other Coinbase Global news, CFO Alesia J. Haas sold 364,600 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $154.95, for a total value of $56,494,770.00. Following the completion of the transaction, the chief financial officer owned 402,165 shares of the company’s stock, valued at $62,315,466.75. This trade represents a 47.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Frederick Ernest Ehrsam III sold 1,375 shares of the stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $250.27, for a total value of $344,121.25. The SEC filing for this sale provides additional information. Insiders have sold a total of 672,498 shares of company stock worth $137,109,701 in the last ninety days. 16.56% of the stock is owned by corporate insiders.

Coinbase Global News Roundup

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

• Positive Sentiment: Company says 2025 trading volume and crypto trading‑volume market share doubled — evidence of stronger user activity that could support rebound in fee revenue if crypto prices stabilize. BusinessWire: Coinbase doubles trading volume & market share
• Positive Sentiment: New product rollout — Coinbase launched “Agentic Wallets” for AI agents, signaling product innovation and potential new revenue streams over time. Cointelegraph: Coinbase unveils AI agent wallets
• Neutral Sentiment: Options market was pricing for a large post‑earnings swing (~9%); that implies high volatility and makes after‑hours moves potentially outsized relative to fundamentals. TipRanks: Options market implied swing
• Negative Sentiment: Q4 earnings missed expectations: EPS reported $0.66 vs. consensus ~ $0.83–$0.92; company posted a $667M net loss and revenue fell ~21.5% Y/Y to $1.78B — primary driver of the selloff. Cointelegraph: Coinbase reports $667M loss
• Negative Sentiment: Platform disruption: a service outage temporarily prevented some users from buying, selling or transferring crypto — raises operational concerns and likely worsened short‑term trading activity. Blockonomi: Coinbase outage halts trades
• Negative Sentiment: Analyst pressure and price‑target cuts (JPMorgan cut PT to $290, others trimmed forecasts) and at least one downgrade ahead of earnings increased selling pressure. Yahoo Finance: JPMorgan cuts PT
• Negative Sentiment: Insider selling: large sales by executives (CFO and reports of CEO sell) are being highlighted by the market and can weigh on sentiment. SEC filing: Alesia Haas Form 4
• Negative Sentiment: Macro/regulatory and competitive headwinds — ongoing crypto price weakness, regulatory scrutiny and competitive pressure are reducing fee revenue visibility. WSJ: Q4 loss amid crypto meltdown

Hedge Funds Weigh In On Coinbase Global

A number of hedge funds have recently modified their holdings of the business. Capital Advisors Wealth Management LLC grew its position in Coinbase Global by 2.0% during the 3rd quarter. Capital Advisors Wealth Management LLC now owns 1,549 shares of the cryptocurrency exchange’s stock worth $523,000 after purchasing an additional 30 shares during the last quarter. Elevation Wealth Partners LLC boosted its stake in shares of Coinbase Global by 37.6% during the third quarter. Elevation Wealth Partners LLC now owns 117 shares of the cryptocurrency exchange’s stock worth $39,000 after buying an additional 32 shares during the period. West Family Investments Inc. grew its holdings in shares of Coinbase Global by 3.3% during the third quarter. West Family Investments Inc. now owns 1,029 shares of the cryptocurrency exchange’s stock worth $347,000 after buying an additional 33 shares during the last quarter. Pettinga Financial Advisors LLC grew its holdings in shares of Coinbase Global by 2.6% during the second quarter. Pettinga Financial Advisors LLC now owns 1,321 shares of the cryptocurrency exchange’s stock worth $463,000 after buying an additional 34 shares during the last quarter. Finally, StoneX Group Inc. increased its position in Coinbase Global by 1.8% in the 2nd quarter. StoneX Group Inc. now owns 1,970 shares of the cryptocurrency exchange’s stock valued at $690,000 after acquiring an additional 34 shares during the period. 68.84% of the stock is currently owned by hedge funds and other institutional investors.

Coinbase Global Trading Down 7.9%

The company has a 50 day simple moving average of $226.59 and a 200 day simple moving average of $286.30. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $38.04 billion, a PE ratio of 12.21 and a beta of 3.70.

Coinbase Global (NASDAQ:COIN) last released 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 net margin of 41.99% and a return on equity of 15.70%. The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the firm posted $4.68 EPS. The company’s revenue for the quarter was down 21.6% on a year-over-year basis. Analysts predict that Coinbase Global, Inc. will post 7.22 earnings per share for the current fiscal year.

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.