Coinbase Global (NASDAQ:COIN) Downgraded by Barclays to “Underweight”

Barclays downgraded shares of Coinbase Global (NASDAQ:COIN) from an equal weight rating to an underweight rating in a research note published on Wednesday morning, MarketBeat reports. The firm currently has $140.00 price target on the cryptocurrency exchange’s stock, down from their previous price target of $148.00.

Several other equities research analysts have also recently weighed in on the stock. Piper Sandler lowered their price objective on shares of Coinbase Global from $270.00 to $150.00 and set a “neutral” rating for the company in a research report on Friday, February 13th. Cantor Fitzgerald lowered their price objective on shares of Coinbase Global from $277.00 to $221.00 and set an “overweight” rating for the company in a research report on Monday, February 9th. President Capital reduced their target price on shares of Coinbase Global from $472.00 to $236.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. Canaccord Genuity Group reduced their target price on shares of Coinbase Global from $400.00 to $300.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Finally, Needham & Company LLC reduced their target price on shares of Coinbase Global from $290.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Nineteen research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $261.94.

Coinbase Global Trading Down 0.1%

Shares of COIN stock opened at $175.09 on Wednesday. Coinbase Global has a 52-week low of $139.36 and a 52-week high of $444.64. The stock has a market cap of $46.24 billion, a price-to-earnings ratio of 39.88, a P/E/G ratio of 3.31 and a beta of 3.60. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.34 and a current ratio of 2.34. The firm has a fifty day moving average of $179.55 and a 200-day moving average of $248.40.

Coinbase Global (NASDAQ:COIN) last announced its quarterly earnings data 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 business had revenue of $1.78 billion during the quarter, compared to analyst estimates 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 posted $4.68 EPS. On average, equities research analysts forecast that Coinbase Global will post 7.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Coinbase Global news, Director Frederick Ernest Ehrsam III sold 2,750 shares of Coinbase Global stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $260.09, for a total value of $715,247.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Alesia J. Haas sold 364,600 shares of Coinbase Global 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 directly owned 402,165 shares in the company, valued at approximately $62,315,466.75. The trade was a 47.55% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 396,745 shares of company stock worth $63,576,559. Insiders own 16.56% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Coinbase Global by 0.7% in 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 buying an additional 184,043 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Coinbase Global by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 6,098,062 shares of the cryptocurrency exchange’s stock valued at $1,374,080,000 after purchasing an additional 189,080 shares during the last quarter. Paradigm Operations LP raised its holdings in shares of Coinbase Global by 3.3% in the fourth quarter. Paradigm Operations LP now owns 4,262,458 shares of the cryptocurrency exchange’s stock valued at $963,912,000 after purchasing an additional 134,425 shares during the last quarter. Norges Bank acquired a new stake in shares of Coinbase Global in the fourth quarter valued at approximately $656,744,000. Finally, ARK Investment Management LLC raised its holdings in shares of Coinbase Global by 6.1% in the fourth quarter. ARK Investment Management LLC now owns 2,541,928 shares of the cryptocurrency exchange’s stock valued at $574,832,000 after purchasing an additional 146,388 shares during the last quarter. Institutional investors own 68.84% of the company’s stock.

Key Headlines Impacting Coinbase Global

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

• Positive Sentiment: OCC conditional approval strengthens Coinbase’s institutional custody and payments proposition, positioning the company to win large regulated custody flows and expand product offerings to institutions. Read More.
• Positive Sentiment: Coinbase secured an Australian Financial Services License (AFSL) and plans to expand into stock trading, futures and other TradFi products in APAC — a tangible growth avenue outside the U.S. that broadens revenue levers. Read More.
• Positive Sentiment: Risk-on macro headlines (easing geopolitical tensions) and a Bitcoin rebound have lifted crypto sentiment, which can boost Coinbase trading volumes and fee revenue if sustained. Read More.
• Neutral Sentiment: Goldman lowered its price target to $225 but kept a Buy rating — a modest pullback in expectations but continued buy-side endorsement. Read More.
• Neutral Sentiment: Morgan Stanley launched a new Bitcoin ETP, expanding institutional access to crypto — this broadens market infrastructure (potentially positive for flow into exchanges) but also increases product competition. Read More.
• Neutral Sentiment: Industry debate over quantum threats (Google warning) has put crypto security on the agenda; Coinbase’s public stance increases focus on infrastructure resilience but is a longer-term technical issue. Read More.
• Negative Sentiment: Barclays initiated coverage with an Underweight rating and a $140 price target, signaling meaningful downside risk and likely weighing on near-term sentiment. Read More.
• Negative Sentiment: Additional analyst downgrade coverage highlighted a weak start to 2026 for crypto markets, reinforcing concerns about near-term revenue volatility tied to crypto prices and trading activity. Read More.
• Negative Sentiment: Competitive pressure: Binance.US and other firms are pursuing derivatives and new markets, which could pressure Coinbase’s market share in the U.S. derivatives and retail segments over time. 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.