Coinbase Global (NASDAQ:COIN) Cut to “Strong Sell” at Zacks Research

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

Other analysts have also recently issued reports about the company. Rothschild & Co Redburn cut their target price on Coinbase Global from $403.00 to $288.00 and set a “buy” rating on the stock in a research note on Wednesday. Mizuho dropped their price objective on Coinbase Global from $280.00 to $170.00 and set a “neutral” rating for the company in a report on Tuesday. JPMorgan Chase & Co. cut their price objective on Coinbase Global from $399.00 to $290.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 10th. Robert W. Baird set a $165.00 target price on Coinbase Global in a report on Friday, February 13th. Finally, Jefferies Financial Group dropped their price target on Coinbase Global from $268.00 to $151.00 and set a “hold” rating for the company in a research note on Friday, February 13th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $282.82.

Coinbase Global Stock Performance

NASDAQ:COIN opened at $165.94 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. Coinbase Global has a fifty-two week low of $139.36 and a fifty-two week high of $444.64. The firm has a market cap of $44.74 billion, a PE ratio of 37.80, a price-to-earnings-growth ratio of 2.36 and a beta of 3.70. The business has a 50 day moving average price of $215.78 and a 200-day moving average price of $279.38.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings results 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 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%. The company’s quarterly revenue was down 21.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.68 earnings per share. Equities research analysts predict that Coinbase Global will post 7.22 earnings per share for the current year.

Insider Buying and Selling at Coinbase Global

In other news, CEO Brian Armstrong sold 40,000 shares of the business’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $248.96, for a total value of $9,958,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Frederick Ernest Ehrsam III sold 1,375 shares of the stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $250.27, for a total value of $344,121.25. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 574,395 shares of company stock worth $110,451,160. Insiders own 16.56% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Capital Advisors Wealth Management LLC grew its position in Coinbase Global by 2.0% in the 3rd quarter. Capital Advisors Wealth Management LLC now owns 1,549 shares of the cryptocurrency exchange’s stock worth $523,000 after purchasing an additional 30 shares during the period. Elevation Wealth Partners LLC boosted its stake in shares of Coinbase Global by 37.6% in the 3rd quarter. Elevation Wealth Partners LLC now owns 117 shares of the cryptocurrency exchange’s stock worth $39,000 after buying an additional 32 shares during the last quarter. West Family Investments Inc. grew its holdings in shares of Coinbase Global by 3.3% in the third quarter. West Family Investments Inc. now owns 1,029 shares of the cryptocurrency exchange’s stock worth $347,000 after acquiring an additional 33 shares during the period. StoneX Group Inc. increased its position in Coinbase Global by 1.8% during the second quarter. StoneX Group Inc. now owns 1,970 shares of the cryptocurrency exchange’s stock valued at $690,000 after acquiring an additional 34 shares during the last quarter. Finally, Forvis Mazars Wealth Advisors LLC increased its position in Coinbase Global by 3.4% during the third quarter. Forvis Mazars Wealth Advisors LLC now owns 1,040 shares of the cryptocurrency exchange’s stock valued at $351,000 after acquiring an additional 34 shares during the last quarter. 68.84% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Coinbase Global

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

• Positive Sentiment: Coinbase expanded its on‑chain loan product to accept XRP, DOGE, ADA and LTC as collateral and unlocked up to $100,000 in USDC borrowing for eligible users — a revenue‑accretive product expansion that increases customer engagement and non‑transactional fee income. Coinbase Integrates XRP, DOGE, ADA, LTC for Crypto Loans
• Positive Sentiment: Share buybacks and recent repurchases (roughly ~8M shares reported) are reducing dilution and supporting EPS; that buyback activity has helped fuel recent investor enthusiasm. Do Coinbase Stock Buybacks Make COIN a Good Buy Here?
• Positive Sentiment: Regulatory clarity hopes rose after CEO Brian Armstrong joined a CNBC discussion with Senator Bernie Moreno and comments that the CLARITY Act could pass soon — a potential catalyst for reduced regulatory overhang if legislation advances. US CLARITY Act to pass ‘hopefully by April’
• Positive Sentiment: Base (Coinbase’s L2) is transitioning to its own architecture to speed upgrades and reduce external dependencies — a technical improvement that could strengthen developer confidence and network activity over time. Coinbase’s Base transitions to its own architecture
• Neutral Sentiment: A KlariVis study found $78.3M net deposit outflows from 92 community banks to Coinbase — a signal of retail engagement and custody flows but also one that could attract regulatory scrutiny or political attention. Community banks see net deposit outflows to Coinbase: Study
• Neutral Sentiment: Rothschild & Co Redburn trimmed COIN’s price target from $403 to $288 but kept a buy rating — a mixed message: lower target reduces upside expectations, but the buy stance leaves upside on continued crypto recovery. Rothschild target cut to $288
• Negative Sentiment: Multiple analyst downgrades and price‑target cuts (Zacks added COIN to its Strong Sell list; at least one analyst warns of a ~27% downside) are weighing on sentiment and could pressure the stock. COIN Stock Warning: Why 1 Analyst Is Warning Coinbase Will Fall 27% from Here
• Negative Sentiment: Coinbase’s Feb. earnings missed revenue and EPS estimates and trading revenue remains softer year‑over‑year — fundamentals that keep valuation scrutiny high and cap near‑term upside. Coinbase valuation check after earnings miss
• Negative Sentiment: A Base‑ecosystem exploit (Moonwell mispriced cbETH) highlights smart‑contract/oracle risks on networks tied to Coinbase products — a reminder of operational and reputation risk for on‑chain services. Moonwell hit by $1.78M exploit

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.