Key Points
- Coinbase CAO Jennifer Jones sold 2,062 shares for approximately $389,203 at an average price of $188.75 under a pre-arranged Rule 10b5-1 trading plan.
- Coinbase’s latest quarter fell short of expectations, with a $1.36 loss per share and $1.22 billion in revenue, down 18.5% year over year.
- Analyst sentiment remains mixed: the stock has an overall “Hold” rating with an average price target of $215.90, while institutional investors own 68.84% of shares.
Coinbase Global, Inc. (NASDAQ:COIN) CAO Jennifer Jones sold 2,062 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $188.75, for a total value of $389,202.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Coinbase Global Stock Down 2.9%
Shares of COIN stock opened at $181.78 on Thursday. The stock's 50 day simple moving average is $159.57 and its 200 day simple moving average is $174.42. Coinbase Global, Inc. has a twelve month low of $139.11 and a twelve month high of $402.16. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.42 and a current ratio of 2.42. The company has a market capitalization of $47.96 billion, a price-to-earnings ratio of -47.34 and a beta of 3.36.
Coinbase Global (NASDAQ:COIN - Get Free Report) last announced 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). Coinbase Global had a positive return on equity of 3.12% and a negative net margin of 15.72%.The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the company earned $5.14 EPS. The firm's revenue for the quarter was down 18.5% compared to the same quarter last year. As a group, research analysts predict that Coinbase Global, Inc. will post -0.06 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in COIN. Archer Investment Corp acquired a new position in Coinbase Global in the second quarter valued at about $26,000. MV Capital Management Inc. acquired a new stake in shares of Coinbase Global during the fourth quarter worth about $27,000. Palisade Asset Management LLC bought a new position in shares of Coinbase Global during the 3rd quarter valued at about $29,000. Osbon Capital Management LLC acquired a new position in shares of Coinbase Global in the 4th quarter valued at approximately $30,000. Finally, Glen Eagle Advisors LLC grew its position in shares of Coinbase Global by 101.1% in the 1st quarter. Glen Eagle Advisors LLC now owns 175 shares of the cryptocurrency exchange's stock valued at $31,000 after purchasing an additional 88 shares during the period. 68.84% of the stock is currently owned by institutional investors.
Trending Headlines about Coinbase Global
Here are the key news stories impacting Coinbase Global this week:
- Positive Sentiment: Goldman Sachs maintained its Buy rating and reiterated a constructive outlook. The bank’s favorable view reinforces expectations that Coinbase can benefit from stronger crypto activity and expanding financial-services revenue. Goldman Sachs Reiterates Buy Ratings On Coinbase And Robinhood
- Positive Sentiment: Wall Street support for the CLARITY Act is improving the regulatory-growth narrative. Clearer rules for digital assets could support Coinbase’s exchange, custody, stablecoin and institutional businesses, although the timing and final terms remain uncertain. Wall Street Is Now Backing the Clarity Act
- Positive Sentiment: Coinbase continues expanding beyond trading. Its Bitcoin-backed mortgage partnership with Better is now generally available, allowing qualified U.S. buyers to borrow against Bitcoin rather than sell it. The company also launched tokenized U.S. stocks on Base and is supplying the infrastructure for related lending and portfolio products, potentially creating new transaction, custody and blockchain revenue streams. Better launches Bitcoin-backed mortgages powered by Coinbase
- Neutral Sentiment: Analyst sentiment is mixed. Goldman raised its price target to $196 and kept a Buy rating, while Argus reaffirmed Hold, highlighting continued uncertainty around valuation and earnings recovery.
- Negative Sentiment: A pullback in Bitcoin and broader crypto assets remains a near-term headwind. Coinbase’s revenue and trading activity are highly sensitive to crypto prices and investor risk appetite, while U.S. banks’ push into stablecoins could intensify competition ahead of the CLARITY Act. Coinbase Slips as Crypto Pullback Pressures Exchange Stocks
- Negative Sentiment: Insider selling and California tax uncertainty add pressure. Coinbase’s chief accounting officer sold shares under a pre-arranged Rule 10b5-1 plan, while CEO Brian Armstrong is considering relocating the company because of a proposed wealth tax. These developments may raise concerns about sentiment and operating costs, though neither necessarily changes Coinbase’s fundamentals immediately. Coinbase CEO weighs leaving California over wealth tax
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the stock. BTIG Research decreased their price target on shares of Coinbase Global from $260.00 to $240.00 and set a "buy" rating for the company in a report on Friday, July 31st. Rosenblatt Securities reiterated a "buy" rating and set a $240.00 target price on shares of Coinbase Global in a research note on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $208.00 price objective on shares of Coinbase Global in a research report on Wednesday, June 17th. Benchmark decreased their target price on shares of Coinbase Global from $270.00 to $230.00 and set a "buy" rating on the stock in a research report on Friday, July 31st. Finally, Wolfe Research set a $325.00 price target on Coinbase Global in a research report on Thursday, July 9th. Eighteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $215.90.
Get Our Latest Analysis on COIN
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
