Key Points
- Coinbase director Frederick Wilson sold 35,068 shares at an average price of $144.32, generating approximately $5.1 million. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
- Coinbase’s second-quarter results missed expectations, with a loss of $1.36 per share versus the projected $0.44 loss and revenue of $1.22 billion versus the expected $1.29 billion. Revenue declined 18.5% year over year.
- Analyst sentiment remains mixed, with 18 Buy, 10 Hold and four Sell ratings and an average price target of $215.11. Shares opened at $149.89, well below their 12-month high of $402.16.
Coinbase Global, Inc. (NASDAQ:COIN) Director Frederick Wilson sold 35,068 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $144.32, for a total transaction of $5,061,013.76. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Coinbase Global Price Performance
Shares of COIN opened at $149.89 on Thursday. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.45. The stock's 50 day moving average is $161.39 and its two-hundred day moving average is $179.17. Coinbase Global, Inc. has a twelve month low of $139.11 and a twelve month high of $402.16. The firm has a market capitalization of $39.49 billion, a PE ratio of -39.03, a P/E/G ratio of 37.68 and a beta of 3.36.
Coinbase Global (NASDAQ:COIN - Get Free Report) last issued its earnings results on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.44) by ($0.92). The business had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.29 billion. Coinbase Global had a positive return on equity of 3.12% and a negative net margin of 15.72%.The business's quarterly revenue was down 18.5% on a year-over-year basis. During the same period last year, the company posted $5.14 earnings per share. Research analysts anticipate that Coinbase Global, Inc. will post 0.32 earnings per share for the current year.
Key Stories Impacting Coinbase Global
Here are the key news stories impacting Coinbase Global this week:
- Positive Sentiment: Ark Invest reportedly bought nearly $10 million of Coinbase and Circle shares following the crypto selloff, potentially signaling confidence that the decline has created an attractive entry point. Cathie Wood Buys the Dip in Coinbase and Circle
- Positive Sentiment: Coinbase and Circle renewed their USDC commercial partnership on unchanged terms, preserving Coinbase’s existing economics and removing concerns that the agreement would be renegotiated after Coinbase joined the Open USD consortium. Coinbase Keeps Circle Partnership Terms Unchanged
- Positive Sentiment: Coinbase continues to diversify beyond transaction-based trading, with subscription revenue and its Base network providing potential longer-term growth drivers. HC Wainwright maintained a Buy rating and a $265 price target. Coinbase Is Diversifying Beyond Crypto Trading
- Neutral Sentiment: CEO Brian Armstrong is lobbying for the CLARITY Act, arguing that clearer U.S. crypto rules would support consumer protection and domestic innovation. However, prediction-market odds for passage this year have fallen sharply, making the timing and outcome uncertain. CLARITY Act Vote Outlook
- Negative Sentiment: Coinbase reported a second-quarter loss of $1.36 per share, substantially worse than the expected $0.44 loss, while revenue of $1.22 billion missed estimates and declined 18.5% year over year. The reversal from a year-earlier profit is the primary fundamental pressure on COIN. Coinbase Q2 Loss and Cathie Wood Buying
- Negative Sentiment: HC Wainwright cut its 2026 EPS forecast to a $0.74 loss from a $0.15 loss, while Cantor Fitzgerald lowered its price target to $184. A director also sold 35,068 shares for approximately $5.1 million under a pre-arranged trading plan. Cantor Fitzgerald Lowers Coinbase Price Target
Hedge Funds Weigh In On Coinbase Global
Several hedge funds have recently added to or reduced their stakes in COIN. Trust Asset Management LLC raised its position in Coinbase Global by 4.2% during the second quarter. Trust Asset Management LLC now owns 2,414 shares of the cryptocurrency exchange's stock worth $353,000 after acquiring an additional 97 shares during the last quarter. Annex Advisory Services LLC acquired a new stake in shares of Coinbase Global in the second quarter valued at approximately $549,000. Tema ETFs LLC increased its stake in shares of Coinbase Global by 7.3% during the 2nd quarter. Tema ETFs LLC now owns 4,265 shares of the cryptocurrency exchange's stock worth $624,000 after purchasing an additional 290 shares in the last quarter. Wealthcare Advisory Partners LLC increased its stake in shares of Coinbase Global by 2.1% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 3,381 shares of the cryptocurrency exchange's stock worth $494,000 after purchasing an additional 69 shares in the last quarter. Finally, Allied Private Wealth LLC acquired a new position in shares of Coinbase Global during the 2nd quarter worth approximately $64,000. 68.84% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms have issued reports on COIN. UBS Group set a $155.00 price objective on Coinbase Global in a research report on Friday, July 31st. Barclays lowered their price target on shares of Coinbase Global from $99.00 to $95.00 and set an "underweight" rating on the stock in a research note on Friday, July 31st. Canaccord Genuity Group reiterated a "buy" rating and issued a $300.00 price target on shares of Coinbase Global in a report on Friday, July 31st. Weiss Ratings cut shares of Coinbase Global from a "hold (c-)" rating to a "sell (d)" rating in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Coinbase Global from $252.00 to $290.00 and gave the stock an "overweight" rating in a report on Tuesday, May 5th. Eighteen analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $215.11.
View Our Latest Analysis on Coinbase Global
About Coinbase Global
(
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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