Coinbase Global, Inc. (NASDAQ:COIN) Director Frederick Wilson sold 10,000 shares of Coinbase Global stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $159.09, for a total value of $1,590,900.00. Following the transaction, the director owned 20,000 shares of the company's stock, valued at $3,181,800. The trade was a 33.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Coinbase Global Stock Performance
Shares of COIN stock opened at $168.87 on Tuesday. Coinbase Global, Inc. has a 52-week low of $139.18 and a 52-week high of $444.64. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.44. The stock has a market cap of $44.49 billion, a PE ratio of 63.49, a price-to-earnings-growth ratio of 5.84 and a beta of 3.35. The business has a 50-day simple moving average of $176.53 and a 200-day simple moving average of $191.84.
Coinbase Global (NASDAQ:COIN - Get Free Report) last posted 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 company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.49 billion. Coinbase Global had a return on equity of 4.16% and a net margin of 12.20%.The firm's revenue was down 30.5% on a year-over-year basis. During the same period last year, the business earned $0.24 earnings per share. On average, equities analysts expect that Coinbase Global, Inc. will post 1.74 EPS for the current year.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on COIN shares. Mizuho lifted their target price on shares of Coinbase Global from $170.00 to $200.00 and gave the company a "neutral" rating in a report on Tuesday, May 12th. Jefferies Financial Group increased their price target on shares of Coinbase Global from $151.00 to $181.00 and gave the stock a "hold" rating in a report on Thursday, April 9th. Compass Point restated a "sell" rating on shares of Coinbase Global in a research report on Monday, June 1st. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $250.00 price objective on shares of Coinbase Global in a report on Wednesday, June 17th. Finally, Rothschild & Co Redburn upped their price objective on shares of Coinbase Global from $254.00 to $263.00 and gave the stock a "buy" rating in a research report on Thursday, May 14th. Eighteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $250.65.
View Our Latest Stock Report on Coinbase Global
Institutional Investors Weigh In On Coinbase Global
Several large investors have recently bought and sold shares of COIN. Integrated Wealth Concepts LLC lifted its stake in shares of Coinbase Global by 24.2% in the first quarter. Integrated Wealth Concepts LLC now owns 2,119 shares of the cryptocurrency exchange's stock worth $365,000 after buying an additional 413 shares in the last quarter. Empowered Funds LLC raised its holdings in Coinbase Global by 25.8% in the 1st quarter. Empowered Funds LLC now owns 8,581 shares of the cryptocurrency exchange's stock valued at $1,478,000 after acquiring an additional 1,761 shares during the last quarter. Focus Partners Wealth lifted its stake in Coinbase Global by 9.9% in the 1st quarter. Focus Partners Wealth now owns 5,202 shares of the cryptocurrency exchange's stock worth $896,000 after purchasing an additional 467 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in Coinbase Global in the 2nd quarter worth approximately $285,000. Finally, Cerity Partners LLC boosted its holdings in shares of Coinbase Global by 8.6% during the 2nd quarter. Cerity Partners LLC now owns 17,694 shares of the cryptocurrency exchange's stock worth $6,203,000 after purchasing an additional 1,402 shares during the last quarter. 68.84% of the stock is currently 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 is getting attention for its “Everything Exchange” rollout and broader push into AI-powered and automated trading tools, which could support future user growth and engagement. Coinbase (COIN) Stock Surges 9% Amid Ambitious ‘Everything Exchange’ Rollout
- Positive Sentiment: The stock also benefited from a broader market upswing, with COIN outperforming the overall market in the latest session. Coinbase Global, Inc. (COIN) Beats Stock Market Upswing: What Investors Need to Know
- Neutral Sentiment: Industry coverage highlighted Coinbase as one of several brokerages and fintech firms rolling out AI trading tools, reinforcing the company’s product innovation narrative. Brokerages Accelerate Rollout of AI Trading Tools as Automated Investing Expands
- Neutral Sentiment: Coinbase’s stock also drew attention after an AI-generated World Cup alert error, but the company said it fixed the issue and reviewed its systems; this is more of a reputational headline than a clear fundamental driver. Coinbase Faces Heat Over AI World Cup Alert Sent Before Kickoff
- Negative Sentiment: Recent articles noted a director sold 10,000 shares, which can weigh on sentiment even though the sale was made under a pre-arranged trading plan. Coinbase Global, Inc. Director Frederick R. Wilson sold 10,000 shares
- Negative Sentiment: Crypto-market indicators were mixed, including a prolonged negative Coinbase Bitcoin premium and reporting that could point to softer crypto demand and ETF outflows. Coinbase Bitcoin Premium Stuck In Negative Territory For 48 Days, Longest Streak On Record
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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