Coinbase Global (NASDAQ:COIN) Given New $170.00 Price Target at Mizuho

Coinbase Global (NASDAQ:COIN) had its price objective decreased by Mizuho from $280.00 to $170.00 in a research note published on Tuesday morning, Marketbeat reports. Mizuho currently has a neutral rating on the cryptocurrency exchange’s stock.

Several other equities research analysts have also recently commented on the stock. Sanford C. Bernstein reiterated an “outperform” rating and issued a $440.00 price target on shares of Coinbase Global in a research report on Tuesday, January 6th. Piper Sandler dropped their target price on shares of Coinbase Global from $270.00 to $150.00 and set a “neutral” rating on the stock in a report on Friday, February 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Coinbase Global in a research note on Friday, January 9th. Robert W. Baird set a $165.00 price target on shares of Coinbase Global in a research report on Friday. Finally, Erste Group Bank cut Coinbase Global from a “buy” rating to a “hold” rating in a report on Thursday, November 20th. Nineteen investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $286.65.

Coinbase Global Stock Performance

COIN opened at $166.02 on Tuesday. The business has a 50 day moving average price of $220.06 and a two-hundred day moving average price of $280.99. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.34 and a quick ratio of 2.34. The company has a market capitalization of $44.77 billion, a price-to-earnings ratio of 37.82 and a beta of 3.70. Coinbase Global has a 1-year low of $139.36 and a 1-year high of $444.64.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings data on Thursday, February 12th. The cryptocurrency exchange reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.17). The firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.86 billion. Coinbase Global had a return on equity of 8.68% and a net margin of 17.55%.The firm’s quarterly revenue was down 21.6% on a year-over-year basis. During the same period in the prior year, the firm posted $4.68 EPS. Research analysts predict that Coinbase Global will post 7.22 EPS for the current fiscal year.

Insider Transactions at Coinbase Global

In other Coinbase Global news, Director Frederick Ernest Ehrsam III sold 1,375 shares of the firm’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $250.27, for a total transaction of $344,121.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian Armstrong sold 40,000 shares of Coinbase Global stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $248.96, for a total value of $9,958,400.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 578,014 shares of company stock valued at $111,392,947 over the last quarter. Company insiders own 16.56% of the company’s stock.

Institutional Trading of Coinbase Global

Several institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC lifted its position 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 stake in shares of Coinbase Global by 25.8% in 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 raised its holdings 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 acquiring 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 $285,000. Finally, Nordea Investment Management AB boosted its position in Coinbase Global by 16.3% during the second quarter. Nordea Investment Management AB now owns 17,491 shares of the cryptocurrency exchange’s stock valued at $6,179,000 after purchasing an additional 2,456 shares during the last quarter. 68.84% of the stock is currently owned by institutional investors and hedge funds.

Coinbase Global News Summary

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

• Positive Sentiment: Technical breakout — Chart analysis suggests COIN may be forming a tradable bottom with a weekly breakout and bullish divergence that could set up resistance tests and a recovery attempt. Weekly Breakout Sparks Recovery Attempt
• Positive Sentiment: Retail accumulation — CEO Brian Armstrong and platform data indicate retail users are buying the BTC/ETH dip, suggesting customer conviction and lower churn risk for transaction volume over time. Retail Users Buying the Dip
• Positive Sentiment: Strategic ecosystem investment — Coinbase Ventures participated in a $2.5M seed round for Pred, a peer-to-peer prediction exchange, reinforcing product/partner growth on Coinbase-linked infrastructure. Pred Secures $2.5M
• Neutral Sentiment: Regulatory calendar — Coinbase highlighted the CLARITY Act as central for the industry and the White House is pushing for progress by March 1; the outcome could be material but remains uncertain. Mark Your Calendars for March 1
• Neutral Sentiment: Macro/industry tailwinds — Stablecoin growth and broader ecosystem events (USD1’s expansion, industry summits) are creating more on-ramps but with mixed short-term revenue impact. USD1 Stablecoin Surges
• Negative Sentiment: Q4 results were soft — Coinbase missed estimates on adjusted EPS and revenue (Q4 adjusted EPS $0.66 vs. ~$0.86 estimate; revenue down ~22% YoY), highlighting near-term earnings pressure from lower transaction fees. Q4 Adjusted EPS Miss
• Negative Sentiment: Analyst downgrades and target cuts — Mizuho cut its price target to $170 (neutral), and other brokers trimmed targets; Mizuho’s move and mixed analyst revisions increase near-term volatility and market skepticism. Mizuho Cuts Price Target

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.