Coinbase Global (NASDAQ:COIN) had its target price hoisted by equities research analysts at Rothschild & Co Redburn from $277.00 to $281.00 in a report issued on Friday,MarketScreener reports. The firm presently has a “buy” rating on the cryptocurrency exchange’s stock. Rothschild & Co Redburn’s price objective would indicate a potential upside of 42.28% from the company’s current price.
COIN has been the topic of a number of other research reports. Zacks Research downgraded Coinbase Global from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. The Goldman Sachs Group raised their price objective on Coinbase Global from $264.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Bank of America raised Coinbase Global from a “neutral” rating to a “buy” rating and set a $340.00 target price on the stock in a research note on Thursday, January 8th. Canaccord Genuity Group reduced 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. Finally, Cantor Fitzgerald decreased their price target on shares of Coinbase Global from $277.00 to $221.00 and set an “overweight” rating for the company in a report on Monday, February 9th. Nineteen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $272.31.
Read Our Latest Analysis on Coinbase Global
Coinbase Global Stock Down 2.7%
Coinbase Global (NASDAQ:COIN – Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Coinbase Global had a return on equity of 8.68% and a net margin of 17.55%.The company’s revenue for the quarter was down 21.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.68 earnings per share. As a group, research analysts expect that Coinbase Global will post 7.22 earnings per share for the current year.
Insider Activity
In other Coinbase Global news, CEO Brian Armstrong sold 40,000 shares of the stock in a transaction on Monday, January 5th. The shares were sold at an average price of $248.96, for a total transaction of $9,958,400.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Frederick Ernest Ehrsam III sold 2,750 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $260.09, for a total value of $715,247.50. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 478,120 shares of company stock worth $83,884,750. 16.56% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. REAP Financial Group LLC bought a new stake in shares of Coinbase Global during the 3rd quarter worth $25,000. MV Capital Management Inc. bought a new position in Coinbase Global in the 4th quarter worth $27,000. Evelyn Partners Investment Management Europe Ltd raised its holdings in Coinbase Global by 92.3% in the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 75 shares of the cryptocurrency exchange’s stock worth $29,000 after acquiring an additional 36 shares during the period. Palisade Asset Management LLC acquired a new position in Coinbase Global during the 3rd quarter worth $29,000. Finally, Salomon & Ludwin LLC boosted its holdings 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 acquiring an additional 88 shares during the period. Institutional investors and hedge funds 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: Expansion of derivatives and 24/7 market access — Coinbase rolled out stock perpetual futures for non‑U.S. users, widening its derivatives product suite and creating a new, always‑on revenue stream for international customers. Coinbase launches 24/7 stock perps for non-US traders
- Positive Sentiment: Tokenized fund & asset management expansion — Coinbase Asset Management and Apex launched a tokenized Bitcoin Yield Fund on Base, demonstrating new product distribution and fee opportunities for institutional customers. Coinbase, Apex tokenize Bitcoin Yield Fund on Base
- Positive Sentiment: Partnership & expansion chatter — Reports of a potential large‑scale tie‑up with Bybit and new Chainlink CCIP selection for asset transfers signal distribution and infrastructure wins that could materially scale Coinbase’s derivatives and cross‑chain flows. Coinbase to Boost Global Expansion With Bybit Partnership? Coinbase Selects Chainlink CCIP
- Positive Sentiment: Analyst support — Rothschild & Co Redburn raised its price target on COIN, signaling constructive sell‑side views that can buoy investor sentiment. Rothschild & Co Redburn adjusts PT on Coinbase
- Neutral Sentiment: Insider sale disclosed — CFO Alesia Haas sold ~9,950 shares (~$2.0M); the sale is small relative to her holdings and can be routine liquidity rather than a signal of company weakness. SEC Form 4
- Neutral Sentiment: Industry tailwinds — A Coinbase survey showed rising institutional appetite for crypto (73% plan to increase exposure), which supports longer‑term revenue potential even if flows are variable. 73% of Institutional Investors Plan to Increase Crypto Holdings
- Negative Sentiment: Security and phishing concerns — A Coinbase‑linked Commerce page was reported to prompt users for seed phrases, raising user‑security and reputational risk that can dent retail trust and platform usage. Coinbase subdomain seed phrase security concern
- Negative Sentiment: Malware and wallet attacks — Reports of iOS‑targeting DarkSword malware affecting crypto wallets (including Coinbase) amplify security worries and could reduce retail activity. DarkSword Malware Strikes iOS
- Negative Sentiment: Competitive & macro/crypto headwinds — Missed inorganic opportunities (BVNK → Mastercard) and a possible Bitcoin pullback or “bull trap” heighten short‑term revenue risk for Coinbase, and some outlets have flagged the stock in negative screens (e.g., Zacks). Mastercard Acquires BVNK Bitcoin bull trap warning Zacks: COIN vs GOLD
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.
Recommended Stories
Receive News & Ratings for Coinbase Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coinbase Global and related companies with MarketBeat.com's FREE daily email newsletter.
