China Renaissance Cuts Coinbase Global (NASDAQ:COIN) Price Target to $301.50

Coinbase Global (NASDAQ:COIN) had its price target reduced by China Renaissance from $479.30 to $301.50 in a research report released on Wednesday,MarketScreener reports. They currently have a buy rating on the cryptocurrency exchange’s stock.

A number of other research firms have also weighed in on COIN. Mizuho set a $280.00 price objective on Coinbase Global in a research note on Tuesday, December 16th. BTIG Research reiterated a “buy” rating and set a $420.00 target price on shares of Coinbase Global in a report on Thursday, December 18th. Oppenheimer lowered their price objective on Coinbase Global from $381.00 to $370.00 and set an “outperform” rating for the company in a research report on Monday, January 12th. HC Wainwright raised shares of Coinbase Global from a “sell” rating to a “buy” rating and upped their target price for the stock from $300.00 to $425.00 in a research report on Thursday, October 30th. Finally, Citigroup reiterated a “market outperform” rating on shares of Coinbase Global in a research note on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $362.72.

Coinbase Global Trading Up 0.8%

Shares of COIN stock opened at $241.15 on Wednesday. Coinbase Global has a 52-week low of $142.58 and a 52-week high of $444.64. The company has a 50-day simple moving average of $256.77 and a two-hundred day simple moving average of $311.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.40 and a current ratio of 2.40. The company has a market capitalization of $65.02 billion, a price-to-earnings ratio of 20.86 and a beta of 3.70.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings data on Thursday, October 30th. The cryptocurrency exchange reported $1.44 EPS for the quarter, beating the consensus estimate of $1.04 by $0.40. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.77 billion. Coinbase Global had a net margin of 41.99% and a return on equity of 15.70%. The company’s revenue was up 55.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.28 earnings per share. Research analysts anticipate that Coinbase Global will post 7.22 EPS for the current fiscal year.

Insider Transactions at Coinbase Global

In related news, COO Emilie Choi sold 100,000 shares of the business’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $310.88, for a total transaction of $31,088,000.00. Following the transaction, the chief operating officer directly owned 187,802 shares in the company, valued at $58,383,885.76. The trade was a 34.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frederick Ernest Ehrsam III sold 277,074 shares of the company’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $309.92, for a total value of $85,870,774.08. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 820,587 shares of company stock valued at $240,717,580. 16.56% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Coinbase Global

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Coinbase Global by 8.3% in the 3rd quarter. Vanguard Group Inc. now owns 26,216,793 shares of the cryptocurrency exchange’s stock valued at $8,847,905,000 after buying an additional 2,007,930 shares during the period. Geode Capital Management LLC raised its position in Coinbase Global by 46.1% during the second quarter. Geode Capital Management LLC now owns 5,559,513 shares of the cryptocurrency exchange’s stock valued at $1,940,805,000 after acquiring an additional 1,755,146 shares in the last quarter. Norges Bank acquired a new position in Coinbase Global in the second quarter valued at approximately $1,044,354,000. Northern Trust Corp lifted its holdings in Coinbase Global by 5.9% in the third quarter. Northern Trust Corp now owns 1,959,871 shares of the cryptocurrency exchange’s stock valued at $661,437,000 after acquiring an additional 108,751 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Coinbase Global by 53.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,455,916 shares of the cryptocurrency exchange’s stock worth $510,284,000 after purchasing an additional 504,068 shares in the last quarter. 68.84% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Coinbase Global

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

• Positive Sentiment: CEO Brian Armstrong has actively lobbied to preserve stablecoin rewards and says the stalled Senate markup can be rescheduled — a sign management is defending key revenue drivers and continuing negotiations with lawmakers. Article Title
• Positive Sentiment: Some sell-side support remains: China Renaissance kept a buy rating (while lowering its PT), and Daiwa reaffirmed a buy — indicating some analysts still see upside over the medium term. Article Title
• Neutral Sentiment: Wider coverage frames Coinbase as exercising influence in Washington; CEO statements and profiles (NYT, Fortune) reinforce the company’s strategic positioning even as regulatory uncertainty lingers. Article Title
• Negative Sentiment: Coinbase pulled support for the CLARITY/market-structure bill, triggering a postponed Senate markup and a sharp selloff across crypto-related stocks — this increases near-term regulatory uncertainty and investor risk. Article Title
• Negative Sentiment: Insider selling: CFO Alesia Haas sold 8,050 shares (~$2.01M) and director Frederick Ehrsam sold multiple blocks (1,375 and 2,750 shares) in mid-January — visible insider exits that can hurt sentiment. SEC filings disclosed the trades. CFO Form 4 Director Form 4
• Negative Sentiment: Market positioning and analyst moves: Jefferies cut its price target to $268 (hold), and other firms trimmed targets — tighter analyst expectations increase near-term downside risk. Article Title
• Negative Sentiment: Options and flow signal rising bearish bets: unusually large put volume (≈354,875 puts) indicates elevated short/bearish positioning and hedging activity. No link provided

Coinbase Global Company Profile

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.