Coinbase Global (NASDAQ:COIN) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Coinbase Global (NASDAQ:COIN) from a strong sell rating to a hold rating in a research report released on Wednesday,Zacks reports.

Several other research analysts have also commented on COIN. Citigroup reissued a “market outperform” rating on shares of Coinbase Global in a research note on Friday, July 31st. Canaccord Genuity Group reiterated a “buy” rating and set a $300.00 target price on shares of Coinbase Global in a report on Friday, July 31st. KeyCorp reissued a “sector weight” rating on shares of Coinbase Global in a research report on Wednesday, June 17th. Sanford C. Bernstein restated an “outperform” rating and issued a $330.00 price target on shares of Coinbase Global in a research note on Friday, July 31st. Finally, Robert W. Baird set a $130.00 price objective on Coinbase Global in a research report on Friday, July 31st. Eighteen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $218.74.

Coinbase Global Trading Down 1.4%

COIN opened at $172.28 on Wednesday. The business has a fifty day simple moving average of $165.24 and a 200-day simple moving average of $175.91. Coinbase Global has a 52 week low of $139.11 and a 52 week high of $402.16. The firm has a market cap of $45.45 billion, a P/E ratio of -44.86 and a beta of 3.39. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.45.

Coinbase Global (NASDAQ:COIN) last released its earnings results on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) earnings per share for the quarter, missing the consensus estimate of ($0.44) by ($0.92). The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.29 billion. Coinbase Global had a negative net margin of 15.72% and a positive return on equity of 3.12%. The business’s revenue was down 18.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.14 earnings per share. On average, equities analysts expect that Coinbase Global will post -0.39 earnings per share for the current year.

Insider Activity at Coinbase Global

In other Coinbase Global news, Director Marc L. Andreessen sold 13,676 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $181.14, for a total value of $2,477,270.64. Following the sale, the director directly owned 1,136,324 shares of the company’s stock, valued at approximately $205,833,729.36. This represents a 1.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jennifer N. Jones sold 2,062 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $188.75, for a total transaction of $389,202.50. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 70,806 shares of company stock valued at $11,307,687 over the last 90 days. 16.66% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Coinbase Global

Several institutional investors have recently modified their holdings of COIN. Palisade Asset Management LLC purchased a new position in Coinbase Global in the third quarter valued at $29,000. MV Capital Management Inc. purchased a new stake in Coinbase Global during the 4th quarter worth about $27,000. Osbon Capital Management LLC acquired a new position in shares of Coinbase Global during the 4th quarter worth about $30,000. JPL Wealth Management LLC purchased a new position in shares of Coinbase Global in the 3rd quarter valued at about $49,000. Finally, Brooklands Fund Management Ltd purchased a new position in shares of Coinbase Global in the 4th quarter valued at about $34,000. 68.84% of the stock is owned by hedge funds and other institutional investors.

More Coinbase Global News

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

• Positive Sentiment: Coinbase partnered with payments infrastructure provider Moov to bring stablecoin acceptance, settlement and real-time funding to more than 1,000 U.S. community banks and credit unions. The initiative could expand Coinbase’s institutional reach and create additional transaction and custody revenue opportunities. Coinbase partners with Moov to boost community bank stablecoin capabilities before Clarity vote
• Positive Sentiment: CEO Brian Armstrong said stablecoin payment flows could become a major growth driver, projecting significant expansion in the stablecoin market by 2030. He also argued that Bitcoin’s current cycle may have bottomed and reiterated that a $400,000 Bitcoin price by 2030 is a reasonable long-term target. These comments support the company’s growth narrative, although they are forecasts rather than new financial results. Coinbase CEO Confident Stablecoin Payments Will Fuel Growth
• Positive Sentiment: Management continues to broaden Coinbase beyond spot crypto trading through its “Everything Exchange” strategy, tokenized assets, prediction-market infrastructure for Kalshi and expanded USDC yield products in Brazil. Greater product diversification could reduce reliance on transaction revenue over time.
• Neutral Sentiment: Morgan Stanley initiated coverage with an Equal Weight rating and a $250 price target, reflecting substantial potential upside from recent levels but caution that Coinbase remains closely tied to the volatile crypto cycle. Morgan Stanley rates Coinbase as Hold equivalent, with price target set at $250
• Neutral Sentiment: Armstrong said U.S. crypto regulation could advance through SEC and CFTC rulemaking even if the Senate’s September 15 vote on the CLARITY Act fails. The prospect of eventual clarity is favorable, but the vote remains a near-term uncertainty for investors.
• Negative Sentiment: Director Marc Andreessen sold 13,676 shares worth approximately $2.5 million under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by 1.19% and may weigh modestly on sentiment, despite being scheduled in advance. SEC insider transaction filing
• Negative Sentiment: Bitcoin’s recent decline and broader crypto-market weakness are immediate headwinds for Coinbase’s trading activity, revenue and earnings outlook. The company’s latest reported quarter also showed an earnings and revenue miss, underscoring ongoing operating sensitivity to market conditions.

About Coinbase Global

Coinbase Global, Inc operates a digital asset and cryptocurrency platform serving retail users, institutions, developers and ecosystem partners. Through its exchange, customers can buy, sell, convert, store and transfer a range of cryptocurrencies and other digital assets. The company also provides an advanced trading platform for more experienced users and services designed for institutional trading and market access.

Its product offerings include custodial services, institutional prime brokerage and custody, staking services, a self-custody wallet, and tools that enable developers and businesses to build applications using blockchain networks.