Coinbase Global (NASDAQ:COIN) Price Target Cut to $264.00 by Analysts at The Goldman Sachs Group

Coinbase Global (NASDAQ:COIN) had its target price lowered by The Goldman Sachs Group from $310.00 to $264.00 in a research note published on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the cryptocurrency exchange’s stock.

Other research analysts have also issued reports about the company. Piper Sandler decreased their price objective on Coinbase Global from $270.00 to $150.00 and set a “neutral” rating on the stock in a research report on Friday, February 13th. President Capital raised their price target on Coinbase Global from $401.00 to $472.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Wall Street Zen cut Coinbase Global from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Benchmark cut their target price 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, February 13th. Finally, Canaccord Genuity Group lowered their price target on shares of Coinbase Global from $400.00 to $300.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Nineteen research 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 MarketBeat, Coinbase Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $286.65.

Coinbase Global Trading Up 1.0%

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

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

Insider Activity

In other news, CEO Brian Armstrong sold 40,000 shares of Coinbase Global stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $257.31, for a total transaction of $10,292,400.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul Grewal sold 11,955 shares of the company’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $246.18, for a total transaction of $2,943,081.90. Following the completion of the sale, the insider owned 75,811 shares of the company’s stock, valued at approximately $18,663,151.98. This represents a 13.62% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 578,014 shares of company stock valued at $111,392,947. 16.56% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC raised its position in shares of Coinbase Global by 24.2% during the first quarter. Integrated Wealth Concepts LLC now owns 2,119 shares of the cryptocurrency exchange’s stock worth $365,000 after purchasing an additional 413 shares during the period. Empowered Funds LLC increased its stake in Coinbase Global by 25.8% during the 1st quarter. Empowered Funds LLC now owns 8,581 shares of the cryptocurrency exchange’s stock worth $1,478,000 after purchasing an additional 1,761 shares in the last quarter. Focus Partners Wealth increased its stake in Coinbase Global by 9.9% during the 1st quarter. Focus Partners Wealth now owns 5,202 shares of the cryptocurrency exchange’s stock worth $896,000 after purchasing an additional 467 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Coinbase Global during the 2nd quarter worth approximately $285,000. Finally, Nordea Investment Management AB lifted its position in Coinbase Global by 16.3% in the 2nd quarter. Nordea Investment Management AB now owns 17,491 shares of the cryptocurrency exchange’s stock valued at $6,179,000 after acquiring an additional 2,456 shares in the last quarter. 68.84% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Coinbase Global

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

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.