HC Wainwright Expects Lower Earnings for Coinbase Global

Coinbase Global, Inc. (NASDAQ:COIN) – HC Wainwright cut their FY2025 EPS estimates for Coinbase Global in a research report issued on Wednesday, February 11th. HC Wainwright analyst M. Colonnese now anticipates that the cryptocurrency exchange will earn $4.24 per share for the year, down from their previous estimate of $4.80. HC Wainwright has a “Buy” rating and a $350.00 price target on the stock. The consensus estimate for Coinbase Global’s current full-year earnings is $7.22 per share. HC Wainwright also issued estimates for Coinbase Global’s Q4 2025 earnings at $0.74 EPS, Q1 2026 earnings at $0.71 EPS, Q2 2026 earnings at $0.91 EPS, Q3 2026 earnings at $1.14 EPS, Q4 2026 earnings at $1.42 EPS and FY2026 earnings at $4.18 EPS.

Coinbase Global (NASDAQ:COIN) last announced its quarterly earnings data on Thursday, February 12th. The cryptocurrency exchange reported $0.66 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.17). The company 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 9.01% and a net margin of 17.55%.The business’s 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.

Several other brokerages have also weighed in on COIN. Citigroup reduced their price objective on Coinbase Global from $505.00 to $400.00 and set a “buy” rating for the company in a report on Friday, February 6th. President Capital upped their price target on Coinbase Global from $401.00 to $472.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Compass Point cut their price target on Coinbase Global from $230.00 to $190.00 and set a “sell” rating for the company in a research note on Friday, January 23rd. Jefferies Financial Group lowered their price objective on Coinbase Global from $268.00 to $151.00 and set a “hold” rating on the stock in a research note on Friday. Finally, Barclays dropped their price objective on shares of Coinbase Global from $258.00 to $148.00 and set an “equal weight” rating on the stock in a report on Friday. Nineteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $291.85.

Coinbase Global Trading Up 16.5%

Shares of COIN stock opened at $164.32 on Friday. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.37. The firm has a market cap of $44.31 billion, a P/E ratio of 37.43 and a beta of 3.70. The company has a 50 day moving average of $224.49 and a 200-day moving average of $284.81. Coinbase Global has a 12-month low of $139.36 and a 12-month high of $444.64.

Insider Transactions at Coinbase Global

In related news, CFO Alesia J. Haas sold 364,600 shares of the business’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 transaction 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. The trade was a 47.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frederick Ernest Ehrsam III sold 1,375 shares of the firm’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $250.27, for a total transaction of $344,121.25. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 672,498 shares of company stock valued at $137,109,701. 16.56% of the stock is currently owned by corporate insiders.

Institutional Trading of Coinbase Global

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Coinbase Global by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 26,400,836 shares of the cryptocurrency exchange’s stock valued at $5,970,285,000 after purchasing an additional 184,043 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Coinbase Global by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 6,098,062 shares of the cryptocurrency exchange’s stock worth $1,374,080,000 after purchasing an additional 189,080 shares in the last quarter. Norges Bank bought a new position in shares of Coinbase Global during the 2nd quarter valued at about $1,044,354,000. ARK Investment Management LLC raised its holdings in shares of Coinbase Global by 6.1% during the 4th quarter. ARK Investment Management LLC now owns 2,541,928 shares of the cryptocurrency exchange’s stock valued at $574,832,000 after buying an additional 146,388 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Coinbase Global by 5.9% in the 3rd quarter. Northern Trust Corp now owns 1,959,871 shares of the cryptocurrency exchange’s stock worth $661,437,000 after buying an additional 108,751 shares during the last quarter. 68.84% of the stock is owned by institutional investors.

Coinbase Global News Roundup

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.

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.