Coinbase Global (NASDAQ:COIN) Shares Gap Up – Here’s Why

Coinbase Global, Inc. (NASDAQ:COIN) gapped up before the market opened on Friday . The stock had previously closed at $141.09, but opened at $153.70. Coinbase Global shares last traded at $158.7050, with a volume of 6,957,021 shares traded.

Key Stories Impacting Coinbase Global

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

• Positive Sentiment: Short‑term buying momentum: traders are buying the post‑earnings drop and the stock has bounced off prior support levels, leading to a sharp intraday rebound even after the Q4 miss. Read More.
• Positive Sentiment: Operational and product positives: Coinbase highlights doubling crypto trading market share in 2025, subscription strength and new initiatives (Agentic/AI wallets) that diversify revenue and address longer‑term growth. Read More.
• Neutral Sentiment: Analyst reaction is mixed: many firms cut price targets and trimmed estimates (wide dispersion of PTs), leaving both upside and downside scenarios for investors to weigh. Read More.
• Neutral Sentiment: Short‑interest data in some feeds shows 0 shares (days‑to‑cover 0.0) — the reporting appears unreliable and provides no clear short‑squeeze signal.
• Negative Sentiment: Q4 miss and first quarterly loss in two years: Coinbase reported a $667M net loss, revenue down ~21% Y/Y and EPS below estimates — the core trading business remains sensitive to crypto price moves. Read More.
• Negative Sentiment: Insider selling raises governance/sentiment concerns: reporting shows large stock sales by CEO Brian Armstrong (reported ~$550M) and a CFO sale (~$56M), which can weigh on investor confidence. Read More. Read More.
• Negative Sentiment: Operational hiccup: a brief platform outage affected buy/sell/transfer functionality around the earnings release, spotlighting execution risk. Read More.

Analysts Set New Price Targets

COIN has been the topic of several recent research reports. Benchmark lowered their price target on shares of Coinbase Global from $421.00 to $267.00 and set a “buy” rating on the stock in a research report on Friday. Erste Group Bank downgraded shares of Coinbase Global from a “buy” rating to a “hold” rating in a research note on Thursday, November 20th. Citigroup dropped their price target on shares of Coinbase Global from $505.00 to $400.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Bank of America upgraded shares of Coinbase Global from a “neutral” rating to a “buy” rating and set a $340.00 price target for the company in a report on Thursday, January 8th. Finally, Needham & Company LLC decreased their price objective on Coinbase Global from $290.00 to $230.00 and set a “buy” rating on the stock in a report on Friday. Nineteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $291.85.

Coinbase Global Stock Performance

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 $44.31 billion, a price-to-earnings ratio of 37.43 and a beta of 3.70. The firm’s fifty day moving average price is $224.49 and its 200 day moving average price is $284.20.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.17). Coinbase Global had a return on equity of 9.01% and a net margin of 17.55%.The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the company earned $4.68 earnings per share. The firm’s revenue for the quarter was down 21.6% on a year-over-year basis. Analysts forecast that Coinbase Global, Inc. will post 7.22 EPS for the current fiscal year.

Insider Transactions at Coinbase Global

In other 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 approximately $62,315,466.75. This trade represents a 47.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Paul Grewal sold 11,955 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $246.18, for a total transaction of $2,943,081.90. Following the sale, the insider directly owned 75,811 shares in the company, valued at approximately $18,663,151.98. The trade was a 13.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 672,498 shares of company stock valued at $137,109,701. Insiders own 16.56% of the company’s stock.

Hedge Funds Weigh In On Coinbase Global

Institutional investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC boosted its holdings in Coinbase Global by 24.2% in the first quarter. Integrated Wealth Concepts LLC now owns 2,119 shares of the cryptocurrency exchange’s stock valued at $365,000 after purchasing an additional 413 shares during the period. Empowered Funds LLC boosted its stake in shares of Coinbase Global by 25.8% in the 1st quarter. Empowered Funds LLC now owns 8,581 shares of the cryptocurrency exchange’s stock valued at $1,478,000 after buying an additional 1,761 shares during the period. Focus Partners Wealth grew its position in shares of Coinbase Global by 9.9% during the first quarter. Focus Partners Wealth now owns 5,202 shares of the cryptocurrency exchange’s stock worth $896,000 after buying an additional 467 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Coinbase Global during the second quarter worth approximately $285,000. Finally, Apollon Wealth Management LLC acquired a new stake in Coinbase Global in the second quarter valued at approximately $208,000. Institutional investors and hedge funds own 68.84% of the company’s stock.

Coinbase Global Company Profile

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.