Canaccord Genuity Group Cuts Coinbase Global (NASDAQ:COIN) Price Target to $300.00

Coinbase Global (NASDAQ:COIN) had its price objective reduced by Canaccord Genuity Group from $400.00 to $300.00 in a report released on Friday, MarketBeat reports. They currently have a buy rating on the cryptocurrency exchange’s stock.

Other analysts also recently issued research reports about the stock. China Renaissance dropped their price target on shares of Coinbase Global from $479.30 to $301.50 and set a “buy” rating on the stock in a report on Wednesday, January 14th. JPMorgan Chase & Co. dropped their target price on shares of Coinbase Global from $399.00 to $290.00 and set an “overweight” rating on the stock in a report on Tuesday, February 10th. Mizuho set a $280.00 target price on shares of Coinbase Global in a research report on Tuesday, December 16th. Piper Sandler lowered their price target on Coinbase Global from $350.00 to $270.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. Finally, Jefferies Financial Group dropped their price target on Coinbase Global from $367.00 to $268.00 and set a “hold” rating on the stock in a research note on Monday, January 12th. Nineteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $291.85.

Coinbase Global Stock Performance

Shares of COIN stock opened at $164.32 on Friday. The company has a market capitalization of $44.31 billion, a price-to-earnings ratio of 37.43 and a beta of 3.70. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.34 and a current ratio of 2.34. Coinbase Global has a one year low of $139.36 and a one year high of $444.64. The company’s 50-day moving average is $224.49 and its 200 day moving average is $283.54.

Coinbase Global (NASDAQ:COIN) last issued its earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.17). Coinbase Global had a return on equity of 8.68% and a net margin of 17.55%.The firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the company posted $4.68 EPS. The company’s quarterly revenue was down 21.6% on a year-over-year basis. Sell-side analysts expect 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Brian Armstrong sold 40,000 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was 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 three months. Corporate insiders own 16.56% of the company’s stock.

Hedge Funds Weigh In On Coinbase Global

Several hedge funds have recently modified their holdings of COIN. REAP Financial Group LLC bought a new stake in Coinbase Global in the 3rd quarter valued at $25,000. Evelyn Partners Investment Management Europe Ltd grew its position in shares of Coinbase Global by 92.3% during the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 75 shares of the cryptocurrency exchange’s stock valued at $29,000 after purchasing an additional 36 shares in the last quarter. Palisade Asset Management LLC bought a new stake in shares of Coinbase Global in the third quarter worth about $29,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Coinbase Global in the second quarter worth about $30,000. Finally, Salomon & Ludwin LLC boosted its stake in Coinbase Global by 4,400.0% during the third 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 last quarter. Hedge funds and other institutional investors own 68.84% of the company’s stock.

More Coinbase Global News

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.