Key Points
- Insider sale: Coinbase insider Lawrence Brock sold 6,616 shares for about $1.25 million at an average price of $189.01. After the transaction, he retained 517 shares, representing a 92.75% drop in his ownership.
- Weak recent earnings: Coinbase reported quarterly EPS of ($1.49), missing analyst expectations, while revenue of $1.41 billion also came in below estimates. Revenue fell 30.5% year over year.
- Mixed outlook: Analysts currently view COIN as a Hold on average, with a consensus price target of $252.20, even as the company expands products and institutional infrastructure. Recent moves include a partnership with Standard Chartered, AI-linked Base tools, and an upgraded direct deposit feature.
Coinbase Global, Inc. (NASDAQ:COIN) insider Lawrence Brock sold 6,616 shares of Coinbase Global stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $189.01, for a total value of $1,250,490.16. Following the completion of the sale, the insider directly owned 517 shares of the company's stock, valued at $97,718.17. This trade represents a 92.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Coinbase Global Stock Down 3.5%
NASDAQ COIN opened at $173.78 on Thursday. The stock has a fifty day moving average of $189.42 and a 200-day moving average of $213.23. The stock has a market capitalization of $45.78 billion, a P/E ratio of 65.33, a price-to-earnings-growth ratio of 6.44 and a beta of 3.38. Coinbase Global, Inc. has a 52 week low of $139.36 and a 52 week high of $444.64. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.34 and a current ratio of 2.14.
Coinbase Global (NASDAQ:COIN - Get Free Report) last released its earnings results on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) EPS for the quarter, missing the consensus estimate of $0.06 by ($1.55). The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.49 billion. Coinbase Global had a net margin of 12.20% and a return on equity of 4.16%. The firm's quarterly revenue was down 30.5% on a year-over-year basis. During the same period last year, the business posted $0.24 earnings per share. On average, equities research analysts forecast that Coinbase Global, Inc. will post 1.72 EPS for the current year.
Key Headlines Impacting Coinbase Global
Here are the key news stories impacting Coinbase Global this week:
- Positive Sentiment: Coinbase expanded its institutional fiat infrastructure through a partnership with Standard Chartered, adding multi-currency funding support in six major currencies. The move should make deposits, withdrawals, and settlement easier for global institutional clients and could support longer-term trading volume. Coinbase, Standard Chartered Partner to Add 6 Currency Access
- Positive Sentiment: Coinbase also pushed further into AI-linked crypto payments with Base MCP, a tool that lets AI assistants like ChatGPT and Claude interact with wallets and execute on-chain actions. That could help position Coinbase’s Base network in an emerging “agentic commerce” trend. Base launches new tool to connect crypto wallets to AI agents
- Positive Sentiment: Coinbase upgraded its U.S. Direct Deposit product, allowing customers to automatically split paychecks between cash and crypto. This could improve user engagement and make recurring investing easier. Coinbase Automates Crypto Investing via Upgraded Direct Deposit
- Neutral Sentiment: Several commentary pieces suggest COIN may be stuck in a trading range and that valuations remain dependent on sustained crypto-market momentum rather than just product announcements. Stock Of The Day: Is This The New Range For Coinbase?
- Neutral Sentiment: Analysts also highlighted weakness in Bitcoin demand and negative Coinbase Premium signals, which point to softer crypto buying interest and can weigh on Coinbase’s near-term trading and transaction outlook. Sell in May and Walk Away” Plays Out as Bitcoin Flashes Bearish Signals
- Negative Sentiment: Insider selling from Lawrence J. Brock may be read cautiously by investors, even though the transaction was made under a pre-arranged trading plan. Coinbase Global Price Performance
Wall Street Analysts Forecast Growth
COIN has been the topic of several recent research reports. Piper Sandler reduced their price target on Coinbase Global from $180.00 to $170.00 and set a "neutral" rating on the stock in a research report on Friday, May 8th. Sanford C. Bernstein reduced their price target on Coinbase Global from $440.00 to $330.00 and set an "outperform" rating on the stock in a research report on Monday, March 30th. Benchmark reduced their price target on Coinbase Global from $267.00 to $260.00 and set a "buy" rating on the stock in a research report on Wednesday, May 6th. President Capital raised their price target on Coinbase Global from $236.00 to $264.00 and gave the stock a "buy" rating in a research report on Tuesday, May 12th. Finally, Jefferies Financial Group raised their price target on Coinbase Global from $151.00 to $181.00 and gave the stock a "hold" rating in a research report on Thursday, April 9th. Nineteen research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Coinbase Global currently has a consensus rating of "Hold" and an average price target of $252.20.
Get Our Latest Research Report on Coinbase Global
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in COIN. Integrated Wealth Concepts LLC lifted its holdings in 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 acquiring an additional 413 shares in the last quarter. Empowered Funds LLC lifted its holdings in Coinbase Global by 25.8% during the first quarter. Empowered Funds LLC now owns 8,581 shares of the cryptocurrency exchange's stock worth $1,478,000 after acquiring an additional 1,761 shares in the last quarter. Focus Partners Wealth lifted its holdings in Coinbase Global by 9.9% during the first quarter. Focus Partners Wealth now owns 5,202 shares of the cryptocurrency exchange's stock worth $896,000 after acquiring an additional 467 shares in the last quarter. Sivia Capital Partners LLC bought a new position in Coinbase Global during the second quarter worth about $285,000. Finally, Cerity Partners LLC lifted its holdings in Coinbase Global by 8.6% during the second quarter. Cerity Partners LLC now owns 17,694 shares of the cryptocurrency exchange's stock worth $6,203,000 after acquiring an additional 1,402 shares in the last quarter. 68.84% of the stock is currently owned by institutional investors.
Coinbase Global Company Profile
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Get Free Report)
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.
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