Coinbase Global (NASDAQ:COIN) Upgraded at Zacks Research

Zacks Research upgraded shares of Coinbase Global (NASDAQ:COIN) from a strong sell rating to a hold rating in a research report released on Tuesday,Zacks.com reports.

COIN has been the topic of a number of other research reports. Raymond James Financial reaffirmed a “market perform” rating on shares of Coinbase Global in a report on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Coinbase Global in a report on Friday, January 9th. Jefferies Financial Group raised their target price on Coinbase Global from $151.00 to $181.00 and gave the company a “hold” rating in a report on Thursday, April 9th. Sanford C. Bernstein reduced their price objective on Coinbase Global from $440.00 to $330.00 and set an “outperform” rating for the company in a research report on Monday, March 30th. Finally, President Capital reduced their price objective on Coinbase Global from $472.00 to $236.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. Nineteen research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $261.11.

Coinbase Global Stock Performance

Shares of NASDAQ COIN opened at $199.82 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.34 and a current ratio of 2.34. The firm has a market cap of $52.77 billion, a price-to-earnings ratio of 45.52, a P/E/G ratio of 4.34 and a beta of 3.60. The business’s 50-day simple moving average is $179.86 and its 200-day simple moving average is $243.19. Coinbase Global has a 52 week low of $139.36 and a 52 week high of $444.64.

Coinbase Global (NASDAQ:COIN) last announced its earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.17). The business had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.86 billion. Coinbase Global had a net margin of 17.55% and a return on equity of 8.68%. Coinbase Global’s revenue for the quarter was down 21.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.68 EPS. As a group, equities research analysts expect that Coinbase Global will post 7.22 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Alesia J. Haas sold 364,600 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was 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 directly owned 402,165 shares of the company’s stock, valued at approximately $62,315,466.75. This represents a 47.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders sold 384,570 shares of company stock valued at $60,504,690. Corporate insiders own 16.56% of the company’s stock.

Institutional Investors Weigh In On Coinbase Global

Hedge funds and other institutional investors have recently bought and sold shares of the business. REAP Financial Group LLC acquired a new stake in shares of Coinbase Global in the 3rd quarter valued at $25,000. MV Capital Management Inc. acquired a new stake in shares of Coinbase Global in the 4th quarter valued at $27,000. Palisade Asset Management LLC acquired a new stake in shares of Coinbase Global in the 3rd quarter valued at $29,000. Salomon & Ludwin LLC increased its stake in shares of Coinbase Global by 4,400.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 90 shares of the cryptocurrency exchange’s stock valued at $30,000 after buying an additional 88 shares during the period. Finally, Osbon Capital Management LLC acquired a new stake in shares of Coinbase Global in the 4th quarter valued at $30,000. 68.84% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Coinbase Global

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

• Positive Sentiment: Coinbase is reported to be in talks with Anthropic to use the Claude Mythos Preview model to bolster advanced AI-driven security defenses — a move that could reduce operational/custody risk and strengthen Coinbase’s trust and product moat. Coinbase to Collaborate With Anthropic on Advanced AI Defense Systems
• Positive Sentiment: Zacks Research upgraded COIN from “strong sell” to “hold,” reducing a major negative rating and removing some near-term selling pressure. Zacks.com
• Positive Sentiment: Piper Sandler raised its price target to $180 (from $150) citing higher futures volumes tied to geopolitical flows — an analyst action that supports sentiment around renewed activity on crypto platforms. Piper Sandler Lifts Coinbase Target to $180
• Positive Sentiment: Coverage noting Bitcoin’s resilience amid global events highlights Coinbase’s momentum as investors view exchanges as hedges/market access points, supporting demand for COIN. Islamabad Aftershocks: Why Bitcoin Didn’t Flinch
• Neutral Sentiment: Technicals: COIN is trading above its 50-day simple moving average — a short-term bullish sign — but analysts warn the stock’s premium valuation and muted fundamental estimates make it a wait-and-see trade for many investors. Coinbase Trading Above 50-Day SMA
• Neutral Sentiment: Longer-term thematic upside: forecasts that prediction markets could scale substantially by 2030 position Coinbase as a potential beneficiary of new product categories, but realization is multi-year and speculative. Prediction Markets Set to Explode to $1 Trillion by 2030
• Negative Sentiment: Competitive pressure: Charles Schwab launched BTC/ETH trading for its large retail base — a turnkey competitor that could divert trading flows and margin to a low-cost incumbent brokerage. Charles Schwab Rolls Out BTC, ETH Trading—A Threat To Coinbase?
• Negative Sentiment: Rival exchange IPO plans (Kraken’s revived US IPO filing) increase competitive scrutiny and could pressure valuations and talent if market share contests intensify. Kraken Revives IPO Plans Amid Bitcoin’s Recent Surge

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.